U.S. Department of Commerce Invests $748,000 to Accelerate Cleantech Entrepreneurship in NC
Joules Accelerator and Research Triangle Cleantech Cluster to develop Raleigh-Charlotte corridor
Charlotte & Raleigh, North Carolina – (December 6, 2018)
The U.S. Department of Commerce announced Tuesday that Joules Accelerator (Joules) and the Research Triangle Cleantech Cluster (RTCC) were jointly awarded a $748,244 grant from the Economic Development Administration’s Regional Innovation Strategies i6 Challenge .
The award will enable Joules and RTCC to create a cleantech commercialization corridor ("C3") in the greater Charlotte and Research Triangle regions, providing a platform for cleantech startups to deliver technology solutions to North Carolina communities. The three-year grant will bring municipalities, utilities, universities, and industry partners together to identify regional problems, build cross-sector partnerships, and facilitate opportunities for pilots and demonstration projects for cleantech startups.
“We’re excited to unite the innovation economies of Charlotte and the Triangle. Bringing one of the country’s largest electric utilities and the largest cluster of smart grid companies together to focus on the development and deployment of clean technologies will have tremendous economic benefits for North Carolina. This model will bring municipalities – both small and large – to the same table, to benefit from the same access to advanced technologies, in a way that hasn’t existed before,” said Bob Irvin, Executive Director of Joules Accelerator.
The Charlotte and Research Triangle regions are already advancing cleantech initiatives like smart cities, renewables deployment, electric and connected vehicles, and advanced manufacturing. The new cleantech corridor will leverage the complementary assets of both regions to advance clean energy, sustainability, and resiliency solutions for communities across North Carolina.
“Triangle communities are leading the way in cleantech implementation – from testing technologies in innovation districts to setting long-term goals for clean energy usage. They know the impact technology can have on sustainability. Winning this grant allows us to bring key community partners to the table to address concerns about our shared future – while also strengthening our ecosystem of cleantech startups and bringing tangible economic benefits to the region,” said Susan Sanford, Executive Director of the Research Triangle Cleantech Cluster.
The U.S. Department of Commerce awarded $21 million to 40 organizations (from over 230 applicants) in 2018 to create or expand cluster-focused entrepreneurship and technology transfer programs through the i6 Challenge. Housed within the Economic Development Administration, the Office of Innovation and Entrepreneurship manages the Regional Innovation Strategies program and i6 Challenge to foster innovation and the commercialization of new technologies, products, processes, and services with the goal of promoting productivity and economic growth in the United States. More information about the i6 Challenge may be found on the US EDA website .
About Joules Accelerator
Joules Accelerator works with some of the largest energy companies in North America to catalyze business development opportunities for exceptional cleantech entrepreneurs. Founded in 2013, Joules Accelerator sets itself apart from other incubators/accelerators by focusing 100% on developing relationships and commercialization opportunities between startups and North Carolina's cleantech ecosystem. Working together with utilities, industry, and R&D institutions, the Joules Accelerator Catalyst Program identifies, advises, and connects startups with Charlotte and the Research Triangle Park. To date, Joules has graduated over 40 startups, created 100+ jobs in North Carolina, and generated over $15m in local investment. For more information, contact Bob Irvin ([email protected]) or visit https://www.joulesaccelerator.com/.
About the Research Triangle Cleantech Cluster
The Research Triangle Cleantech Cluster (RTCC) was established in 2012 as a public-private partnership to accelerate the growth of the Research Triangle’s cleantech economy by bringing together government, academia, and industry leaders. RTCC focuses its work in three strategic areas: talent attraction and development, business growth and marketing, and community and industry engagement. The Research Triangle region is home to more than 1,800 cleantech companies developing solutions in smart cities, the Internet of Things, smart grid, transportation, and water, advanced manufacturing, renewables, and energy efficiency. For more information, contact Susan Sanford ([email protected]) or visit http://www.researchtrianglecleantech.org/.
Research Triangle Cleantech Cluster