Initiative includes translational funding, mentorship, and programming to foster commercialization of innovations by researchers in engineering and the physical sciences
The new initiative is designed to help speed up the translation of innovations from University labs into startups that bring to market products and services addressing climate change, alternative energy, sustainability, and other global challenges.
What is an Accelerator?
A startup accelerator is a company that provides support, both financially and as an educational mentorship, to startup companies. Multiple startup companies typically will be involved with the accelerator as they work to accelerate the early stages of their companies.
The learning curve for startups usually takes years, but an accelerator program attempts to teach it all in a few months. Accelerator companies usually take an equity percentage of the startup in exchange for investing money and time into the business.
What Type of Companies are Accelerators For?
Accelerators are for startup companies that are looking to receive both financial and educational mentorship from experts in their fields.
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The FINANCIAL Long-lasting, quick-charging batteries are essential to the expansion of the electric vehicle market, but today’s lithium-ion batteries fall short of what’s needed they’re too heavy, too expensive and take too long to charge.
According to Harvard University, for decades, researchers have tried to harness the potential of solid-state, lithium-metal batteries, which hold substantially more energy in the same volume and charge in a fraction of the time compared to traditional lithium-ion batteries.
“A lithium-metal battery is considered the holy grail for battery chemistry because of its high capacity and energy density,” said Xin Li, associate professor of materials science at the Harvard John A. Paulson School of Engineering and Applied Science (SEAS). “But the stability of these batteries has always been poor.”