Water Power Innovation Network
ID: 355154Type: Posted
Overview

Buyer

Golden Field Office (DOE-GFO)

Award Range

$100K - $1M

Eligible Applicants

Unrestricted

Funding Category

Energy

Funding Instrument

Cooperative Agreement

Opportunity Category

Discretionary

Cost Sharing or Matching Requirement

Yes

Original Source

https://grants.gov/search-results-detail/355154

Additional Information

https://eere-exchange.energy.gov/
Timeline
    Description

    The U.S. Department of Energy's Golden Field Office is offering a funding opportunity titled "Water Power Innovation Network," aimed at fostering entrepreneurship and innovation in water power technologies, including marine energy and hydropower. This initiative seeks to establish new or expand existing incubator and accelerator programs that support business development and commercialization in these sectors, contributing to the Biden Administration's clean energy goals. With a total funding amount of approximately $4.8 million, the program anticipates awarding up to eight grants, with initial awards of around $100,000 for a 6-9 month period and potential follow-on funding of up to $1 million for 2-3 years based on performance. Interested applicants must submit concept papers by August 28, 2024, and full applications by October 23, 2024. For further inquiries, contact the grantor at wptofoa@ee.doe.gov or visit the EERE Exchange Website for more details.

    Point(s) of Contact
    wptofoa@ee.doe.gov
    Files
    Title
    Posted
    DE-FOA-0003323 - Water Power Innovation Network FOA.pdf
    EERE_T_540.117-01_Funding_Opportunity_Announcement_(FOA)_WPIN_DE-FOA-0003323_0002_FINAL.docx
    The U.S. Department of Energy's (DOE) Office of Energy Efficiency and Renewable Energy (EERE) has announced a funding opportunity announcement (FOA), "Water Power Innovation Network," aimed at advancing entrepreneurship and innovation in water power systems, with a total funding of approximately $4.8 million. This FOA supports the establishment of new or expanded incubator and accelerator programs that facilitate business development in marine energy and hydropower sectors, contributing to the Biden Administration's clean energy and climate change goals. Applicants must submit concept papers by August 28, 2024, to qualify for full applications, which are due by October 23, 2024. The FOA outlines a two-budget-period plan, granting up to $100,000 for the initial period and approximately $1,000,000 for the subsequent phase, contingent upon performance assessments. Proposals must include strategies for fostering diversity, equity, inclusion, and accessibility (DEIA), and emphasize collaboration with stakeholders. A team partner list facilitates project partnerships, and concept papers will be evaluated for alignment with FOA objectives. Overall, this initiative seeks to strengthen the U.S. water power innovation ecosystem while supporting economic growth and environmental sustainability.
    EERE_T_540.117-01_Funding_Opportunity_Announcement_(FOA)_WPIN_DE-FOA-0003323_FINAL TO POST.docx
    Funding_Opportunity_Announcement_(FOA)_WPIN_DE-FOA-0003323_000002.pdf
    The U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy (EERE) has issued a Funding Opportunity Announcement (FOA) for the "Water Power Innovation Network," aiming to allocate approximately $4.8 million to foster entrepreneurship and innovation in water power technologies, including marine energy and hydropower. The FOA encourages applicants to develop incubator or accelerator programs that assist small businesses and entrepreneurs in these fields, focusing on incubation, commercialization support, and networking opportunities. Key deadlines include the submission of concept papers by August 28, 2024, and full applications by October 23, 2024, with awards expected in December 2024. The funding structure features two budget periods, with up to 8 initial awards of around $100,000 for a 6-9 month period, and potential continuation funding of $1 million for 2-3 years after a competitive down-select process. Eligibility is limited to domestic entities, including educational institutions, for-profits, and non-profits. The initiative also emphasizes diversity, equity, and inclusion in application processes, encouraging participation from historically underserved communities. The FOA aligns with the Biden Administration's goals for clean energy and climate resilience by supporting innovative solutions in the energy landscape.
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