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Venture Capitalist Firm Selected for NREL's Entrepreneur-in-Residence Program

February 27, 2008

Through a competitive solicitation, the U.S. Department of Energy (DOE) has selected the venture capitalist firm Kleiner, Perkins, Caufield & Byers to sponsor an entrepreneur at NREL under its new Entrepreneur-in-Residence Program. The entrepreneur will help identify opportunities for spin-off companies based on NREL-developed technologies. The entrepreneur will then help develop business plans for these promising technologies using a "venture-friendly" license agreement.

"While NREL has great networks within the venture capital community, the entrepreneur will bring different experience and skills directly into the laboratory," said Tom Williams, director of NREL's Technology Transfer Office.

Sandia National Laboratories and Oak Ridge National Laboratory are also participating in this pilot program.

For more information, read the DOE press release.