Technology Commercialization Fund

Source: IEA/IRENA Renewables Policies Database
Last updated: 5 November 2017
The Technology Commercialization Fund promotes early stage product development through prototype advancement including development, demonstration, and deployment (not scientific research). The U.S. Department of Energy (DOE) provided USD 14.3 million from FY07 to FY08. These funds were divided among seven DOE national laboratories. National laboratories often struggle to find post-research, pre-venture capital funding for innovations that are no longer considered research projects but are not sufficiently prototyped to attract private investment. This fund addresses this issue by awarding dollars that can only be spent on commercializing national laboratory intellectual property.