ORNL welcomes Innovation Crossroads entrepreneurial research fellows
OAK RIDGE, Tenn., May 18, 2017--Oak Ridge National Laboratory today welcomed the first cohort of innovators to join Innovation Crossroads, the Southeast region's first entrepreneurial research and development program based at a U.S. Department of Energy national laboratory.
Innovation Crossroads, announced in the fall of 2016, is one of DOE's Lab-Embedded Entrepreneurship Programs that embed top technical talent within national labs as entrepreneurial research fellows with the express goal of subsequently launching businesses. The program's dual focus on early-stage R&D and entrepreneurial development enables the innovators, selected through an open merit-based process, to transform their breakthrough ideas into U.S.-based companies. The two-year fellowship provides a cost-of-living stipend, comprehensive business development plan assistance, and up to $350,000 to use on collaborative R&D at ORNL, the nation's largest science and energy laboratory.