Deadline: 19 February 2024
The IgniteX Carbon Dioxide Removal (CDR) Accelerator is providing startups developing new technologies engineering services and support as they work to commercialize their technologies.
IgniteX is partially supported by The U.S. Department of Energy Office of Fossil Energy and Carbon Management via the Direct Air Capture (DAC) Pre-Commercial Energy Program for Innovation Clusters (EPIC) Prize.
How much funding is Black & Veatch providing to companies selected as part of IgniteX?
There are multiple types of support provided by Black & Veatch to participating start-ups:
- Up to $35,000 in non-dilutive grant funding to cover travel expenses for program participation and in-kind professional services from Black & Veatch.
- Potential $50,000 – $100,000 in equity investment funding if desired by start-up (see next question).
- All participants will receive other program benefits including (but not limited to) marketing, public relations, mentorship, networking, education, and participation in the showcase event.
- Additionally, Black & Veatch may provide co-marketing and sales development support including go-to-market planning, joint marketing, customer identification and introductions, joint business development (including grant support), and proposals for services.
What do IgniteX program participants receive from Black & Veatch?
Black & Veatch has the experience, flexibility, and culture of innovation necessary to tailor support to the specific needs and technology of your start-up. They continue to work with most IgniteX participants long after the 12-week program. Examples of how Black & Veatch supports program participants includes (but is not limited to) the following:
- Engineering and design support
- Co-submittals for grant applications
- Contracting services
- EPC partnership services
- Procurement/supply chain support
- Technology piloting opportunities on the project or client sites
- Early adopter purchases of your software, equipment, or services from
- Joint marketing and development
- Introductions to clients, suppliers, and investors
- Direct financial investments
Criteria
- Black & Veatch is seeking applications from startups focused on developing CDR Hard-Tech. Applicants can be developing any array of technological or engineering solutions that improve the cost-effectiveness, scalability, efficiency, or co-benefits of CO2 capture from the environment through engineered processes.
For more information, visit Black & Veatch.
