About Technology Commercialization Fund (TCF)
Authorized by the Energy Policy Act of 2005, the Technology Commercialization Fund (TCF) is a nearly $30 million funding opportunity that leverages the R&D funding in DOE’s applied energy programs to further development of promising National Laboratory energy technologies with the potential for high impact. TCF funds are matched with funds from private partners to support the commercialization of technologies. The TCF provides an opportunity to bolster partnerships between DOE’s National Labs and private industry.
The goal of the TCF is two-fold. First, it is designed to increase the commercial impact and number of National Laboratory-developed energy technologies transitioned into commercial development. Second, the TCF enhances the outcomes of the Department’s technology transitions initiatives with a competitive and proactive approach to lab-industry partnerships.
The TCF strengthens DOE’s technology transitions efforts in three key areas:
- National Lab Technology Maturation: DOE’s National Laboratories have consistently identified a lack of sufficient resources available to develop technologies to a stage that will attract private sector interest. In many cases, DOE or other public funding may support R&D activities up to an early technology readiness level, but it expires before the technology is matured to a point where a business will enter into a cooperative R&D agreement or license the technology.
- Strategic CRADA Approach to Increase Commercial Impact: The TCF provides an opportunity to take a more proactive approach to applied program office support for lab-industry collaboration. Through the TCF, the applied program offices and National Laboratories can pursue a strategic, competitive approach to commercializing technologies. Potential benefits of this approach include:
- Creating a stronger incentive for National Laboratories to identify their most promising technologies and industry partners for commercialization,
- Empowering a broader set of potential industry partners to engage with the National Laboratories, and
- Enabling the program offices to identify technologies and industry partners with higher potential for commercial impact in support of their technology roadmaps.