GFO-20-301 – BRIDGE 2020: Bringing Rapid Innovation Development to Green Energy

Purpose: The purpose of this solicitation is to competitively award follow-on funding for the most promising energy technologies that have previously received an award from an eligible California Energy Commission (CEC) program or United States federal agency. BRIDGE 2020 seeks to 1) help start-up companies minimize the time between when their successful publicly-funded project ends and new public funding becomes available; and 2) mobilize more early-stage capital in the clean energy space by providing non-dilutive, matching investments in promising clean energy companies alongside investors and commercial partners. This provides increased support for the most promising clean energy technologies that have already attracted interest from the market as they are developed and continue their path to market adoption. Eligible projects must fall within the following project groups: (Total funding available: $10 million); or (Total funding available: $10 million); or (Total funding available: $10 million); or (Total funding available: $10.5 million); or (Total funding available: $10.5 million) As mentioned previously, the purpose of this solicitation is to help clean energy start-up companies bridge the gap from their previous public funding awards to private investment. As a result, this solicitation has special requirements including: Eligible Applicants: Open to all private, for-profit entities and individuals that have previously received a funding award from an eligible CEC program or U.S. federal agency that provides energy research for applied research of the technology identified in the proposal. The below entities are not eligible to be prime applicants: Public and private universities National Labs Utilities Private non-profit research organizations End-use customers of the proposed technology Eligible Geographies: Not applicable Matching Funding: Match funding is required in the amount of at least 50% of the requested grant project funds. Applicants must be able to demonstrate that they can meet the minimum match requirement. Eligible Match Funding Types The match funding must be one of the following investment types: Angel Investment Corporate Strategic Investment Foundation Investment Venture Capital Investment Examples of non-Eligible Match Funding Types Government grants ‘In-Kind’ match

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  angela.hockaday@energy.ca.gov