How electrifying transportation will spur economic recovery & long-term success, A webinar hosted by TAEBC & LA Cleantech Incubator

You’re invited to a TAEBC Zoom webinar featuring Los Angeles Cleantech Incubator (LACI) to discuss the status of a $150 billion federal stimulus proposal to strengthen our nation’s transportation infrastructure and what it could mean for Tennessee. RSVP HERE!

Featured Speakers include:

  • Michael Swords, VP of Government Affairs & International Relations, LACI
  • Michelle Kinman, Director of Transportation, LACI
  • Cortney Piper, Executive Director, TAEBC

There will be a 15 minute presentation by the organizers followed by Q&A from the audience. 

TAEBC signed on to this proposal in July as we can again look to the advanced energy sector for economic recovery. This presentation will cover what this investment could mean for Tennessee as state leaders eye Tennessee becoming the top spot for the country’s EV supply chain and implement statewide electrification plans.

Zoom links and dial-in information will be shared at a later date.

This national coalition represents leaders from multiple states and DC requesting zero emissions vehicle manufacturing and innovation, infrastructure deployment, public and active transit, job training, high-quality workforce standards, and support for related startups and small business, prioritizing those started by underrepresented founders.

New findings show this proposal could create up to 2.3 million jobs across the U.S. boosting employment in all sectors, with 1.4 million jobs expected to build out our nation’s zero emissions transportation infrastructure alone.

National coalition requests $150 billion in federal transportation electrification stimulus, projects to create over two million jobs

(Originally published on Los Angeles Cleantech Incubator)

A growing national coalition of cleantech companies and organizations representing business, labor, and startup innovation has joined the call for the Transportation Electrification Partnership (TEP)‘s $150 billion federal stimulus proposal.

These investments in the nation’s transportation infrastructure would be in direct response to the economic and health crisis caused by the COVID-19 pandemic.

Spearheaded by TEP & the Los Angeles Cleantech Incubator (LACI), the national coalition currently represents leaders (including TAEBC) from 14 states and DC requesting zero emissions vehicle manufacturing and innovation, infrastructure deployment, public and active transit, job training, high-quality workforce standards, and support for related startups and small business, prioritizing those started by underrepresented founders.

New findings show TEP’s proposal could create up to 2.3 million jobs across the U.S. The research from economic advisory firm HR&A estimates the proposed $150 billion in stimulus investment would boost employment in all sectors, with 1.4 million jobs expected to build out our nation’s zero emissions transportation infrastructure alone.

The TEP federal stimulus proposal calls for:

  • $25 billion investment in the assembly and adoption of electric and zero emissions vehicles along with supply chain development (e.g., producing domestic lithium for batteries, etc.);
  • $85 billion for EV charging and related infrastructure investment;
  • $25 billion for zero emissions public transit, active transit and safe streets;
  • $12.5 billion for workforce development, safety standards and job training; and
  • $2.5 billion in innovation ecosystems for cleantech startups and related small businesses, prioritizing those created by underrepresented founders.

Guest Blog: Capital to fill the Early-Stage Valley of Death

By Jetta Wong, Senior Advisor at Los Angeles Cleantech Incubator

In 2007 the National Academy of Sciences released the seminal report, Rising Above the Gathering Storm, to Congress focused on how the United States needs a coordinated effort in science and technology to create high-quality jobs and solve some of our most pressing societal challenges. It stated that “Research sows the seeds of innovation. The influence of federally funded research in social advancement – in the creation of new industries and in the enhancement of old ones – is clearly established.”

Jetta Wong presenting at TAEBC’s Lunch and Learn.

While this enhancement has been clearly established, the process and ability to easily commercialize federally funded research has not been established. The federal government has an obligation, not to mention a congressional mandate, to see that federally funded R&D is utilized. Yet, so many of us that work in R&D know that the pre-commercial valley of death between early-stage R&D project to prototype, and then on to pilot demonstration is a valley too great for most scientists, engineers, startups or entrepreneurs to address on their own. They must look to additional federal funding, which may be drying up, or to the private sector to further develop their science project into a commercial product.

Luckily, the State of Tennessee and the federal government have been taking steps to support early-stage innovators and the commercialization of technologies. Building off of the great work that was going on in Tennessee through its REVV program and the New Mexico Small Business Assistance Program, the federal government launched an innovative pilot program called Small Business Vouchers. This was designed to increase small business access to DOE’s national labs to develop and prototype the small business’ technologies. SBV has held three rounds of selections, connecting 144 small businesses with 12 national labs for a total of $22 million taxpayer dollars.

Yet, most startups have never even heard of a Department of Energy National Laboratory, let alone one of its great new programs. To better support startups and entrepreneurs, the Department of Energy also funded the Incubatenergy Network which is focused on accelerating the transition to a sustainable economy through national coordination of incubator resources supporting entrepreneurs focused on clean energy innovation and deployment. Organizations like Greentown Labs, Clean Energy Trust and many others help companies tap into a variety of resources, like the National Labs, that could help entrepreneurs bridge the early valley of death.

The Los Angeles Cleantech Incubator (LACI) is also one of those organizations. It is focused on creating an inclusive green economy. It was started in 2011 by the City of Los Angeles and has grown to be the hub of cleantech innovation in the whole region. It supports 40+ portfolio companies, which also benefit from the strong community of pro bono advisors and resources provided through LACI’s network. One way that LACI is helping to close the pre-commercial valley of death is by developing a scalable method to make low-cost microloans to early-stage hardware companies. It is focused on expanding investment from U.S. banks and Community Development Financial Institutions’ (CDFIs) into early-stage cleantech companies. This will help open up critical working capital to companies that are positioned for growth, but do not have access to traditional loans.

Other cities, like the City of Fremont California, are also in the game of early-stage innovation. In July of this year, the Fremont City Council approved a contract to develop a feasibility study for an innovation center on a plot of land owned by the City, adjacent to its new public transportation hub and across the street from Tesla’s assembly facility. LACI will lead a multi-disciplinary team to conduct this analysis. Fremont has a history of innovation, especially in manufacturing, and is at the cross-section between significant investor dollars, strategic R&D companies, advanced manufacturing, and strong universities and national laboratories.  Solving the early-stage finance and resource gap for startups may be the critical component that Fremont and other cities can catalyze to grow their community’s innovation ecosystem.

TAEBC Lunch & Learn features Jetta Wong with the Los Angeles Cleantech Incubator

The Tennessee Advanced Energy Business Council held an engaging lunch & learn at UBS The Siler-Rhea Group’s office location in Downtown Knoxville.

The event included Jetta Wong, Senior Advisor at the Los Angeles Cleantech Incubator serving as keynote speaker.

Jetta has over 14 years of experience developing programs and policies that support energy and environment technologies. Prior to joining LACI, Jetta Wong established the Office of Technology Transitions for the United States Department of Energy and served as its first Director. In that capacity, she assisted the private sector, state and local governments, universities, laboratories and other stakeholders and engaged with the Department on the commercialization of new technology.

She spoke about the status of cleantech, several cleantech accomplishments within the Department of Energy, and the organization she works for the Los Angeles Cleantech Incubator.

“Cleantech is here to stay, and it’s not just because we want it to but the numbers are there,” said Wong.

She talked about how wind and solar are now competitive in several parts of the country, and that the audience should continue to think about how cleantech can continue to be competitive.

“Since 2008 distributed PV, utility-scale PV, wind power, and batteries have decreased in cost, and that’s what we need to see because that’s what innovation is all about,” said Wong.

She stressed the importance of economics and again that the cleantech sector is here to stay. She also talked about how the U.S. is in competition with China when it comes to cleantech. It’s been recently announced that China will invest $360 billion by 2020 in renewable energy, averaging $120 billion a year.

“We also need to be thinking about how we can bring private capital back into clean energy,” said Wong.

For more on Jetta’s presentation, visit TAEBC’s Facebook page.

Technov865 to showcase latest UTRF, ORNL technologies

Technov865 is promising a full line-up of the latest tech coming out of East Tennessee from Oak Ridge National Laboratory and the University of Tennessee Research Foundation.

The event will be held Tuesday, September 19 from 2:30 p.m. to 6:00 p.m. EST at The Square Room in Market Square in Downtown Knoxville.

It will be an exclusive opportunity to meet and hear from the inventors, and the event will also feature several speakers with unique perspectives on innovation.

Jetta Wong, Senior Advisor at the Los Angeles Cleantech Incubator (LACI), will serve as featured keynote speaker.

Jetta has over 14 years of experience developing programs and policies that support energy and environment technologies. Prior to joining LACI, Jetta Wong established the Office of Technology Transitions for the United States Department of Energy and served as its first Director. In that capacity, she assisted the private sector, state and local governments, universities, laboratories and other stakeholders and engaged with the Department on the commercialization of new technology.

If you’re interested in attending Technov865, click here.

Along with the inventors, leaders from TVA, UTRF, and ORNL will speak about the exciting innovation and technology happening at their organizations including:

  • Joe Hoagland, TVA’s Vice President of Stakeholder Relations
  • Stacey Patterson, Interim University of Tennessee Vice President for Research
  • Tom Rogers, Director of Industrial Partnerships & Economic Development at ORNL
  • Mike Paulus, Director of the Technology Transfer Office at ORNL

The Innovation Crossroads’ innovators will also be presenting during this event. Innovation Crossroads is a program based at ORNL that matches aspiring energy entrepreneurs with the experts, mentors, and networks in technology-related fields to take their world-changing ideas from R&D to the marketplace.

Anna Douglas with SkyNano Technologies, Mitchell Ishmael with Active Energy Systems, and Matthew Ellis and Samuel Shaner with Yellowstone Energy were selected to transform their ideas into clean energy companies with financial support from the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE). These three teams will be giving presentations during Technov865.

The Tennessee Advanced Energy Business Council and Launch Tennessee provide non-exclusive business mentoring services to the Innovation Crossroads innovators.

Anna Douglas will also be pitching on Startup Day 2017 happening September 21, 2017 at the U.S. Cellular Stage at the Bijou Theatre. She will be competing for up to $15,000 in cash prizes, including the Startup Day 2017 Crowd Favorite Prize presented by SunTrust Bank.