Fraunhofer CSE TechBridge, Greentown Labs Team Up to Advance Innovative Energy Technologies

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Connecting industry leaders with groundbreaking startup companies can have a great impact on bringing new technologies to market. To help facilitate the connection among stakeholders, Fraunhofer CSE’s TechBridge Program and Greentown Labs have joined forces to create the PROPEL Program, a 6-month prototype development and partnership-readiness program to develop and refine high-quality technologies for potential adoption by corporate strategic partners. The program, sponsored by Shell GameChanger, will focus on technologies that enable distributed, self-powered sensing and control for large-scale industrial applications.

The PROPEL program will offer startup companies technical guidance through TechBridge, and incubation space and business guidance through Greentown Labs. This unique blend of offerings addresses some of the key challenges startup companies face in the development and commercialization of their technologies. The PROPEL program will launch with a request for proposals in early April 2015. Startup companies from around the world are encouraged to submit; up to five teams with complementary technologies will be selected and hosted at Greentown Labs in Somerville, MA for the incubation period.

“One of TechBridge’s main goals is to help early-stage companies de-risk their technologies, thereby increasing their chances for private investment and strategic partnerships,” said Dr. Johanna Wolfson, TechBridge Program Lead at Fraunhofer CSE. “The PROPEL program offers a unique opportunity for startup companies by combining access to Boston’s innovation community, incubation services at Greentown Labs, and the industry expertise of Fraunhofer.”

As part of the PROPEL program, TechBridge will guide the evaluation and selection of participants, who will then have access to Fraunhofer’s technical expertise to advise on prototype development, system integration, and product validation during the incubation period. Greentown Labs will provide the startups with lab space and access to equipment, software, and business resources offered to its community. Combining the offerings of both TechBridge and Greentown Labs, the PROPEL Program will give participants the education, mentorship, and guidance needed to rapidly grow their networks and companies.

“Strategic partnerships, along with funding, play a critical role in a startup’s acceleration from prototype to pilot,” said Emily Reichert, Ph.D., CEO of Greentown Labs. “We’re excited to partner with a fellow Massachusetts-based clean energy leader to help these startup companies develop their technologies not only to see the great impact they’ll make, but to also continue expanding our state’s innovation ecosystem.”

Learn more about the PROPEL Program at www.propelprogram.com

To find out more about Fraunhofer CSE and the TechBridge Program, visit www.cse.fraunhofer.org

To find out more about Greentown Labs visit www.greentownlabs.com

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