New Energy Nexus
Name of Service: CalSEED Program
Description of Product / Service:
CalSEED supports early-stage entrepreneurs in delivering projects that respond to clean energy, efficiency, or storage needs while considering equity of access and benefit, ensuring these technologies are working to serve California’s most vulnerable populations. As the first step in California’s innovation pipeline, the program incubates energy concepts and readies them for investment and deployment by providing: Targeted professional development services including mentorship with seasoned professionals, legal counsel, expert guidance, and training to support technology refinements, market development, and commercialization. Direct, non-dilutive grant-based funding to advance clean energy innovations to commercialization ($150K for Concept Awards, and a $450K Prototype Award to winners of the annual Business Plan Competition). Access to key accelerator and incubator programs and test facilities. Enhanced access to private capital.