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Fusion Cluster Program

$250,000
Closed
WA
Grant Description

The Washington Department of Commerce (COMMERCE) is seeking proposals for the Innovation Cluster Accelerator Program (ICAP), specifically focusing on Fusion Cluster development. This grant is designed to strengthen industry ecosystems and accelerate economic growth within Washington State by establishing it as a global leader in key industry sectors, supporting tech transfer and commercialization, accelerating new start-ups and scale-ups, growing businesses, and creating high-value jobs. The program also aims to increase export opportunities and promote diversity, equity, and inclusion in business ownership and the workforce. COMMERCE has budgeted up to $242,500 for this project, with a preference for awarding contracts under $150,000 to Small or Veteran-Owned Businesses. The primary beneficiaries of this grant are fusion-related industry-led clusters or consortia interested in participating in Fusion Cluster development. The overarching impact goal is to develop a robust Fusion Cluster and produce a legislative report with recommendations for promoting and developing fusion energy in Washington State. This initiative leverages Washington State's existing high concentration of fusion energy companies, fostering "co-opetition" to solve shared industry problems through a dedicated fusion working group. The program's priorities and focuses include establishing Washington as a global leader in fusion energy, supporting technological innovation and commercialization, and fostering business growth and job creation across the state. A significant focus is also placed on developing a legislative report, indicating a strategic approach to influence policy and create a supportive regulatory environment for the fusion energy sector. The grant emphasizes long-term economic development and aims to expand the program over the coming decade to achieve its ambitious goals. Expected outcomes include a stronger fusion industry ecosystem, an increase in tech transfer and commercialization activities, a rise in new start-ups and scale-ups, and the creation of high-value jobs throughout Washington. Measurable results will likely include the number of businesses grown, increased export opportunities, and progress in diversity, equity, and inclusion metrics within the business ownership and workforce. The overall theory of change is that by strategically investing in and fostering collaboration within the fusion energy sector, Washington State can solidify its position as a global leader, drive economic growth, and create sustainable, high-value employment opportunities.

Funding Details

Award Range

Not specified - Not specified

Total Program Funding

$250,000

Number of Awards

Not specified

Matching Requirement

No

Eligibility

Eligible Applicants

Nonprofits

Geographic Eligibility

All

Key Dates

Application Opens

August 1, 2024

Application Closes

August 12, 2024

Contact Information

Grantor

Washington State Department of Commerce

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Categories
Business and Commerce
Energy
Science and Technology
Diversity Equity and Inclusion
Recreation