SOURCE: Ewing Marion Kauffman Foundation

Ewing Marion Kauffman Foundation

March 01, 2010 08:00 ET

Kauffman Foundation Launches Online 'Energy Innovation Network' to Help Scale New Energy Economy

New Web Site Will Close Gap Between Energy Innovations and Increasing Consumer Demand

WASHINGTON, DC--(Marketwire - March 1, 2010) -  With more than $80 billion already invested in U.S. clean energy development and another $150 billion being proposed, this emerging industry has been tagged as essential to jump-start the economy and create new jobs. Yet significant barriers plague this highly regulated, complex sector that prevent it from making the kind of progress that such high expectations demand.

Knowing that entrepreneurs can accelerate the clean energy revolution if given access to the right networks, the Ewing Marion Kauffman Foundation today launched the Energy Innovation Network (www.energyinnovationnetwork.org) at the Energy Innovation Summit co-hosted by the Kauffman Foundation and the Advanced Research Projects Agency-Energy. The Energy Innovation Network will provide links to technologies, entrepreneurs, finance, buyers and policymakers to make the pathway for energy entrepreneurs more transparent.

"Few industries have had to overcome the high capital requirements, regulatory hurdles and variety of stakeholders that clean energy is facing," said Lesa Mitchell, vice president of Advancing Innovation at the Kauffman Foundation. "While there may be an energy innovation imperative, there is no energy innovation mechanism. The Energy Innovation Network will help close the gap between demand and delivery."

The online network will match researchers, entrepreneurs, buyers, investors and decision-makers to support high-growth energy businesses. It also will provide policymakers with information that will help them develop programs that can support clean energy entrepreneurship.

"Using their connections through the Energy Innovation Network, entrepreneurs will be able to address policy, finance and market structure issues early in their business development, which will help them scale sooner and more quickly," said Kimberly de los Santos, Kauffman Foundation program advisor. 

Energy Innovation Network is designed to close the innovation gap between energy research and the market by:

  • Connecting entrepreneurs with researchers who can develop new technologies
  • Linking startups with energy buyers
  • Helping corporations find energy partners
  • Informing states that want to enact policies that will encourage clean energy development
  • Enabling regions to scale state-level innovation strategies

About the Kauffman Foundation
The Ewing Marion Kauffman Foundation is a private, nonpartisan foundation that works to harness the power of entrepreneurship and innovation to grow economies and improve human welfare. Through its research and other initiatives, the Kauffman Foundation aims to open young people's eyes to the possibility of entrepreneurship, promote entrepreneurship education, raise awareness of entrepreneurship-friendly policies and find alternative pathways for the commercialization of new knowledge and technologies. It also works to prepare students to be innovators, entrepreneurs and skilled workers in the 21st century economy through initiatives designed to improve learning in math, engineering, science and technology. Founded by late entrepreneur and philanthropist Ewing Marion Kauffman, the Foundation is based in Kansas City, Mo., and has approximately $2 billion in assets. For more information, visit www.kauffman.org, and follow @kauffmanfdn on Twitter.

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