New Startups Join Argonne’s Entrepreneurship Program

LEMONT, Ill.--(BUSINESS WIRE)--Four new innovators recently joined Chain Reaction Innovations (CRI), the Lab-Embedded Entrepreneurship Program (LEEP) at the U.S. Department of Energy’s (DOE’s) Argonne National Laboratory, as part of the program’s seventh cohort.

Each innovator will collaborate with a host scientist at Argonne while embedded full-time at the laboratory. Innovators plan to develop clean-energy startups that reduce greenhouse gas emissions and increase U.S. competitiveness in emerging energy technologies. The goal of innovators and the CRI program is to support the country’s equitable clean energy economy and its goal of net-zero carbon emissions by 2050.

CRI’s impact is far-reaching as it celebrates its seventh year of embedding entrepreneurs at Argonne. CRI’s first cohort graduated in June 2019, amassing millions in investment. The combined total raised by CRI startups through July 2023 is over $427 million, and the program has helped create 641 U.S. jobs to date.

"I'm thrilled to welcome our new CRI entrepreneurs, who will help us solve complex energy challenges with their cutting-edge startups," said Argonne Director Paul Kearns. "Our partnership with these innovators exemplifies how our laboratory accelerates the science and technology that drive U.S. prosperity and security."

The new innovators in Cohort 7 and their projects are:

• Tim Fairley-Wax, Biomembrane Filtration: Unlocking Energy Recovery from Waste Streams
• Alexis Peña, Man-Made Bioengineered Protein-Based Fibers to Replace Petroleum-Derived Textiles
• Rawand Rasheed, Retrofit Dehumidifier for Substantial Air Conditioner Energy Reduction
• Laura Stoy, Recycling of Coal Fly Ash for Rare Earths and Concrete

"CRI is a unique program that provides unparalleled access to a national lab and the regional innovation ecosystem. The CRI team and I are excited to support this group of talented innovators at the start of their entrepreneurial journeys,” said Dick Co, CRI’s Director.

Innovators were selected following a national solicitation process and two-part pitch competition with judging from local, regional, and national industry experts, scientists and engineers.

CRI is supported by Argonne and the following DOE entities:

• The Office of Energy Efficiency and Renewable Energy’s Advanced Materials and Manufacturing Technologies Office and Industrial Efficiency and Decarbonization Office
• The Office of Fossil Energy and Carbon Management
• The Office of Science
• The Advanced Scientific Computing Research (ASCR) program

Learn more about the Cohort 7 innovators and their technologies.

Applications for CRI’s next cohort will open on October 15, 2023.