Search NASA⌕ Search

SEARCH · Search NASA

Results for “BUSINESS”

Search indexed NASA NTRS and DOE OSTI research on propulsion, heat transfer, battery materials and energy systems. Follow report and document links to the original sources.

Quote a phrase for an exact phrase match. Source license links do not imply unrestricted reuse.

At least 19 records
All sourcesNASA NTRSDOE OSTI
DOE OSTI2020

Linkages between Policy and Business Innovation in the Development of China’s Energy Performance Contracting Market

China has a large and growing energy performance contracting (EPC) market, which has played a significant role in driving energy efficiency retrofits and improvements This paper evaluates how policies and business innovations have worked synergistically to expand China’s EPC market. We analyze the interconnected roles of four key factors: incentive policies, China’s Five-Year Plans, and business innovations in diversifying contract models and strengthening measurement and verification. We use multiple data sources for the analysis, including detailed information on business choices in 21 pilot projects, industry-wide surveys, and policy information. Our study indicates that supportive policies were important for the initial market development. As the market was established and continued to grow, the private sector started to take initiatives to address the issues that are left out of the policies, which helped overcome certain market barriers and enabled the sustainable growth of the market. Future policies could incorporate the successful innovations from the businesses to ensure long-term development of China’s EPC market. Understanding these policy and business drivers in a holistic way is critical to understanding how China was able to leverage its relatively small policy investments into much larger transformation of its existing buildings and industrial facilities through energy efficiency retrofits. This in turn can be informative for other countries seeking to achieve large-scale energy efficiency improvements.

Zhou, Yuanrong↗
DOE OSTI2013

The business of high performance: The USC Darla Moore School of Business

The University of South Carolina (USC), a public university in Columbia, South Carolina, partnered with the U.S. Department of Energy (DOE) to develop and implement solutions to build a new, low-energy educational building. The new Darla Moore School of Business (DMSB) will consume at least 50% less energy than requirements set by Energy Standard 90.1-2007 of the American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE), the American National Standards Institute (ANSI), and the Illuminating Engineering Society of North America (IESNA) as part of DOE's Commerical Building Partnerships (CBP) program. 4 Lawrence Berkeley National Laboratory (LBNL) provided technical expertise in support of this DOE program.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗
DOE OSTI2016

Scaling up the energy service company business: market status and company feedback in the Russian Federation

Many energy efficiency professionals have proposed using Energy Performance Contracts (EPCs) as a mechanism to improve public sector energy efficiency in countries with restrictive government budgets. However, in practice, most middle-income countries have used this mechanism only in a limited way. Russia offers an interesting case study because of its huge energy savings opportunities, increasing energy prices, robust political backing for public sector energy efficiency, and evolving legislation that supports EPCs. In 2009, the Russian Federation launched a program to reduce the energy intensity of the country’s large public sector, which accounts for 9 percent of Russia’s total energy consumption. To achieve energy efficiency goals, Russia experimented with its public procurement rules, adjusting them to encourage EPCs. We conducted structured interviews with Energy Service Companies (ESCOs) in Russia and supplemented them with online research. Our review shows that, to date, nearly 50 ESCOs signed about 150 contracts in public facilities. Most ESCO contracts in Russia are for 5 years, and they generally are small (under $100,000). ESCOs in Russia face a challenging environment, which leads to smaller projects. ESCOs also are concerned about costly and risky tender procedures, uncertainty regarding repayment from public facilities, the inability to expand projects, and financing. We discuss these challenges and propose potential solutions at policy and company levels. The ESCOs feedback regarding Russia’s experimental model can inform the country’s program for public sector energy efficiency and offer lessons for other countries attempting to develop the EPC mechanism.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2019

Comprehensive analysis of technical efficiency of business establishments in Santa Barbara County: Evaluation of spatial and aspatial stochastic frontier models

One of the main objectives of land-use and transport models is to accurately describe the organization and composition of the regional economy. However, these models currently lack the integration of competitiveness and performance of the regional economy, which in-turn is dependent on performance and efficiency of business establishments in the region. In this study, we present a framework that integrates the aspects of economic efficiency of business establishments within the context of land-use and transport models. For this purpose, we comprehensively assess the impacts of both internal and external attributes of business establishment on its efficiency. In this process, we specifically focus on aspects of incorporating locational characteristics using two frameworks - (a) measuring locational attributes using link-based multiple centrality indicators (L-MCI) and (b) measuring neighborhood effects of business establishments through spatial proximity that account for co-location and competition. We make use of the stochastic frontier modeling framework to investigate the factors impacting business establishment-level output measured as sales per unit area. Specifically, the aspatial stochastic frontier (ASF) model incorporates L-MCI measures as covariates and the spatial stochastic frontier (SSF) model incorporates neighborhood effects of business establishments through network distance measured using the roadway network for Santa Barbara County.Overall, the empirical results suggest that there exist significant inefficiencies across all business establishment types that are mainly impacted by internal attributes of the business. For example, larger and older business establishments are more efficient than business establishments that are smaller in size and younger in age. Furthermore, the results also suggest that locational impacts are better captured using the ASF specification when compared with SSF specification. For instance, the spatial correlation estimate (from SSF) although statistically significant, is very weak. Thereby, indicating a lack of spatial structure in technical efficiency of businesses manifested in the form of co-location and competition. In contrast, the ASF model captures spatial structure of technical efficiency thoroughly with inclusion of the L-MCI measures. This indicates that L-MCI measures have varying levels of impact on efficiency (positive or negative) depending on its relative location in the region. For instance, retail trade businesses have higher levels of revenue (or sales per unit area) when located along links in a grid-network like structure e.g. downtown areas. Additionally, businesses in professional services have no impact on their efficiency based on the configuration and structure of the regional transportation network. However, results from both specifications indicate that there exist major benefits on efficiency of business establishments from local competition for retail trade and healthcare services.

Ravulaparthy, Srinath↗
DOE OSTI2019

Panel Session 68: Small Business Procurement and Contracting Opportunities Within the DOE Complex and USACE FUSRAP Program

This panel session was held in the Panel Zone in the Exhibit Hall and focused on small business procurement and contracting opportunities within the DOE Complex as well as the US Army Corps of Engineers (USACE) National Formerly Utilized Sites Remedial Action Program (FUSRAP) projects. Each panelist provided a general overview of their respective organization, small business goals and the success in meeting those goals. They further discussed recently awarded procurement, upcoming opportunities and provided additional contact information for individual small business program managers within their organization. This panel was open to all WM participants, including Exhibitors. This panel session focused on small business procurement and contracting opportunities within the DOE Complex and the USACE FUSRAP Program. The DOE and USACE contract directly with small businesses and encourage prime contractors to obtain goods and services from small and disadvantaged businesses (Tier 2) and often tie these goals to contract award fee. Goods and services being considered for these procurements include decontamination and decommissioning, remediation, transportation and disposal of radioactive waste, health physics, emergency response planning and training, lab services, R and D products, waste treatment, maintenance, A/E and professional consulting. This panel complemented Session 21 and Session 48, US DOE Spring Quarterly Forum, and Session 88 on Doing Business with the DOE. Presentations proposed include: 1 - Small Business Procurement and Contracting Opportunities Within the DOE Complex (Aaron Deckard, US DOE (USA)); 2 - Small Business Procurement and Contracting Opportunities Within the DOE Complex (William Badger, AECOM (USA)); 3 - Engineering the Extraordinary (Lisa Tribuce-Leoung Tat, Bechtel National, Inc. (USA)); 4 - Fluor Small Business Procurement and Contracting Opportunities (Debra Sampson, Fluor Government Group (USA)); 5 - HII Technical Solutions Division Small Business Opportunities (Kela Lofton, HII Nuclear Inc. (USA)); 6 - U. S. Army Corps of Engineers Radiological Remediation Work (Nicki Fatherly, USACE (USA))

12 MANAGEMENT OF RADIOACTIVE AND NON-RADIOACTIVE W↗
DOE OSTI2012

Consolidation and Centralization of Waste Operations Business Systems - 12319

This abstract provides a comprehensive plan supporting the continued development and integration of all waste operations and waste management business systems. These include existing systems such as ATMS (Automated Transportation Management System), RadCalc, RFITS (Radio Frequency Identification Transportation System) Programs as well as incorporating key components of existing government developed waste management systems and COTS (Computer Off The Shelf) applications in order to deliver a truly integrated waste tracking and management business system. Some of these existing systems to be integrated include IWTS at Idaho National Lab, WIMS at Sandia National Lab and others. The aggregation of data and consolidation into a single comprehensive business system delivers best practices in lifecycle waste management processes to be delivered across the Department of Energy facilities. This concept exists to reduce operational costs to the federal government by combining key business systems into a centralized enterprise application following the methodology that as contractors change, the tools they use to manage DOE's assets do not. IWITS is one efficient representation of a sound architecture currently supporting multiple DOE sites from a waste management solution. The integration of ATMS, RadCalc and RFITS and the concept like IWITS into a single solution for DOE contractors will result in significant savings and increased efficiencies for DOE. Building continuity and solving collective problems can only be achieved through mass collaboration, resulting in an online community that DOE contractors and subcontractors access common applications, allowing for the collection of business intelligence at an unprecedented level. This is a fundamental shift from a solely 'for profit' business model to a 'for purpose' business model. To the conventional-minded, putting values before profit is an unfamiliar and unnatural way for a contractor to operate - unless however; your objective is to build a strong, strategic alliance across the enterprise in order to execute an unprecedented change in waste management, transportation and logistical operations. The success of such an initiative can be achieved by creating a responsible framework by enabling key individuals to 'own' the sustainability of the program. This includes the strategic collaboration of responsible revolutionaries covering application developers, information owners and federal stakeholders to ensure compliance, security and risk management are 'baked' into the process and sustainability is fostered through continued innovation by both technology and application functionality. This ensures that working software can adapt to changing circumstances and is the principle measure of the success of the program. The consolidation of waste management business systems must be achieved in order to realize efficiencies in information technology portfolio management, data integrity, business intelligence and the lifecycle management of hazardous materials within the DOE enterprise architecture. By identifying best practices across the enterprise and aggregating computational and application development resources, you can provide a unified, holistic solution serviceable from a single location while being accessed from anywhere. The business impact of integrating and delivering a unified solution would reduce costs to the Department of Energy within the first year of deployment with increased savings annually. (author)

12 MANAGEMENT OF RADIOACTIVE AND NON-RADIOACTIVE W↗
DOE OSTI2022

Supply sunspots and shadows: Business siting patterns and inequitable rooftop solar adoption in the United States

Entrepreneurs in certain industries tend to locate new businesses in relatively affluent areas. Preferences to site businesses in affluent areas can reduce low-income household access to certain products. Some argue that business siting patterns could explain inequitable consumption patterns, though such causal claims are often empirically weak. Here, we explore whether business siting patterns partly explain inequitable adoption of rooftop solar photovoltaics in California. We show that solar business formation drives an immediate and sustained increase in local solar adoption, including in low-income areas. However, solar business siting patterns have only weak impacts on solar adoption equity. The data show how solar businesses headquartered in low-income areas nonetheless install solar for relatively affluent customers. Customer-level adoption inequity partly offsets the potential equity gains of siting more businesses in low-income areas. We discuss how the emergent nature and unique business model of rooftop solar help explain these nuanced results.

14 SOLAR ENERGY↗
DOE OSTI2018

Productive Use of Energy in African Micro-Grids: Technical and Business Considerations

Demand for electricity from small industry and businesses, which is defined as the productive use of energy (PUE), is a key success factor for micro-grids. Because of the typically low energy usage of residential customers, without linkage to and support for these energy users, micro-grids are likely to struggle to reach the critical revenue needed for financial viability. This report is a resource entrepreneurs and developers can use to understand the technical and business model challenges related to PUE in smaller micro-grids. It focuses on small agricultural processing, and small industrial and commercial loads. This report examines best practices for promoting PUE and the business models used by developers. It starts with background information and a literature review followed by a discussion of key enterprise considerations for productive use (PU) including: value chain and business case analysis, enterprise development and training, appliance financing, and developers running PU businesses. Unlike many other reports on PUE, this report is based on application specific data. The report is also unique in that it provides actual customer demographics and load profiles. This report considers PUE from both business and technical perspectives, and it considers the interests of both the micro-grid operators and the microenterprises and entrepreneurs they serve. It looks at the service levels required by different PUs and the technical characteristics and challenges of different types of PU equipment. The report also includes examples of business cases for some of the most important PU opportunities, including milling, ice making, carpentry, egg incubation, and water treatment. This report is a resource that entrepreneurs, governments, and non-governmental organizations can use to help design programs to meet their individual goals of PUE in micro-grids and economic development in rural Africa. It can also be used by developers, engineers, and other organizations designing micro-grids to inform their technical and business decisions and to improve system design, reduce risk, and increase success with adding PU loads to both new and existing micro-grids.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2026

Working with Small businesses

Fermilab acquires goods and services in a manner consistent with the U.S. Department of Energy’s small business policies. This includes subcontracting with Small Businesses, Small Disadvantaged Businesses, Woman Owned Businesses, Veteran Owned Businesses, Service Disabled Veteran Owned Businesses and Historically Underutilized Business Zone certified businesses.

Fermilab, Fermilab↗
DOE OSTI2024

The Building Business Network (B-Biz): Addressing Gaps in the High-Performance Building Technology Market, Especially for Underserved Customers

Increased market intelligence and business model innovation is needed to build contractor confidence in high-performance building technologies in order to increase the speed and scale of adoption to meet the U.S. Department of Energy's building stock decarbonization goals. Although there have been important innovations in energy efficiency, affordability, and decarbonization of building technologies, consumers are not purchasing these technologies at the necessary speed and scale partially due to a gap in institutional understanding around barriers contractors face in providing and servicing these technologies. Small businesses in this market must mitigate risk around high-performance building technologies, limiting their opportunities in the market and impacting the rate of adoption. The Building Business Network (B-Biz) aims to provide high-performance building technology solutions to underserved customers by collaborating with local small businesses that provide and service high-performance building technologies in communities with the lowest rates of adoption. This research explores the current market, the importance of business models, and the opportunity to utilize small businesses to address market gaps in underserved communities.

B-Biz↗
DOE OSTI2022

A business approach to climate adaptation in local communities

Climate change poses risks to the assets and operations of businesses. They can anticipate, prepare for, and adapt to the potential impacts of climate change by focusing on modifying their own internal operations. But businesses can find additional opportunities to adapt by examining their relationships with local governments. Businesses provide critical services to the communities in which they are located, and also benefit from services provided by the local governments. This symbiotic relationship is an important consideration for businesses as they work to adapt to a changing climate. By thinking broadly about how working with local governments can influence their resilience, businesses may be able to uncover additional adaptation opportunities and enhance their adaption efforts in ways they may not be able to achieve on their own. Here, this paper includes two case studies of businesses that pursued adaptation efforts with local, state, or federal government officials to provide real-world context for the symbiotic relationships that exist between the private and public sectors in communities.

54 ENVIRONMENTAL SCIENCES↗
DOE OSTI2014

Light Water Reactor Sustainability Program: Digital Technology Business Case Methodology Guide

The Department of Energy’s (DOE’s) Light Water Reactor Sustainability Program aims to develop and deploy technologies that will make the existing U.S. nuclear fleet more efficient and competitive. The program has developed a standard methodology for determining the impact of new technologies in order to assist nuclear power plant (NPP) operators in building sound business cases. The Advanced Instrumentation, Information, and Control (II&C) Systems Technologies Pathway is part of the DOE’s Light Water Reactor Sustainability (LWRS) Program. It conducts targeted research and development (R&D) to address aging and reliability concerns with the legacy instrumentation and control and related information systems of the U.S. operating light water reactor (LWR) fleet. This work involves two major goals: (1) to ensure that legacy analog II&C systems are not life-limiting issues for the LWR fleet and (2) to implement digital II&C technology in a manner that enables broad innovation and business improvement in the NPP operating model. Resolving long-term operational concerns with the II&C systems contributes to the long-term sustainability of the LWR fleet, which is vital to the nation’s energy and environmental security. The II&C Pathway is conducting a series of pilot projects that enable the development and deployment of new II&C technologies in existing nuclear plants. Through the LWRS program, individual utilities and plants are able to participate in these projects or otherwise leverage the results of projects conducted at demonstration plants. Performance advantages of the new pilot project technologies are widely acknowledged, but it has proven difficult for utilities to derive business cases for justifying investment in these new capabilities. Lack of a business case is often cited by utilities as a barrier to pursuing wide-scale application of digital technologies to nuclear plant work activities. The decision to move forward with funding usually hinges on demonstrating actual cost reductions that can be credited to budgets and thereby truly reduce O&M or capital costs. Technology enhancements, while enhancing work methods and making work more efficient, often fail to eliminate workload such that it changes overall staffing and material cost requirements. It is critical to demonstrate cost reductions or impacts on non-cost performance objectives in order for the business case to justify investment by nuclear operators. The Business Case Methodology (BCM) addresses the “benefit” side of the analysis—as opposed to the cost side—and how the organization evaluates discretionary projects (net present value (NPV), accounting effects of taxes, discount rates, etc.). The cost and analysis side is not particularly difficult for the organization and can usually be determined with a fair amount of precision (not withstanding implementation project cost overruns). It is in determining the "benefits" side of the analysis that utilities have more difficulty in technology projects and that is the focus of this methodology.

46 INSTRUMENTATION RELATED TO NUCLEAR SCIENCE AND ↗
DOE OSTI2015

Pilot Project Technology Business Case: Mobile Work Packages

Performance advantages of the new pilot project technologies are widely acknowledged, but it has proven difficult for utilities to derive business cases for justifying investment in these new capabilities. Lack of a business case is often cited by utilities as a barrier to pursuing wide-scale application of digital technologies to nuclear plant work activities. The decision to move forward with funding usually hinges on demonstrating actual cost reductions that can be credited to budgets and thereby truly reduce O&M or capital costs. Technology enhancements, while enhancing work methods and making work more efficient, often fail to eliminate workload such that it changes overall staffing and material cost requirements. It is critical to demonstrate cost reductions or impacts on non-cost performance objectives in order for the business case to justify investment by nuclear operators. The Business Case Methodology (BCM) was developed in September of 2015 to frame the benefit side of II&C technologies to address the “benefit” side of the analysis—as opposed to the cost side—and how the organization evaluates discretionary projects (net present value (NPV), accounting effects of taxes, discount rates, etc.). The cost and analysis side is not particularly difficult for the organization and can usually be determined with a fair amount of precision (not withstanding implementation project cost overruns). It is in determining the “benefits” side of the analysis that utilities have more difficulty in technology projects and that is the focus of this methodology. The methodology is presented in the context of the entire process, but the tool provided is limited to determining the organizational benefits only. This report describes a the use of the BCM in building a business case for mobile work packages, which includes computer-based procedures and other automated elements of a work package. Key to those impacts will be identifying where the savings are “harvestable,” meaning they result in an actual reduction in headcount and/or cost. The report describes the specific activities conducted with a partner utility to examine the various work activities associated with mobile work packages to determine what time savings and error rate reductions are available. The report summarizes these findings in the form of a business case for the technology.

21 SPECIFIC NUCLEAR REACTORS AND ASSOCIATED PLANTS↗
DOE OSTI2016

A Business Case for Nuclear Plant Control Room Modernization

This paper presents a generic business case for implementation of technology that supports Control Room Modernization (CRM). The analysis presented in two forms; 1) a standalone technology upgrade, and 2) a technology upgrade that is built upon and incremental to a prior business case created for Mobile Work Packages (MWP). The business case contends that advanced communication and networking and analytical technologies will allow NPP to conduct control room operations with improved focus by reducing human factors and redundant manpower, and therefore operate with fewer errors. While some labor savings can be harvested in terms of overtime, the majority of savings are demonstrated as reduced time to take the plant off line and bring back on line in support of outages. The benefits are quantified to a rough order of magnitude that provides directional guidance to NPPs that are interested in developing a similar business case. This business case focuses on modernization of the operator control room and does not consider a complete overhaul and modernization of a plants instrument and control systems. While operators may be considering such an investment at their plants, the sizable capital investment required is not likely supported by a cost/benefit analysis alone. More likely, it is driven by obsolescence and reliability issues, and requires consideration of mechanical condition of plant systems, capital depreciation, financing, relicensing and overall viability of the plant asset over a 20-year horizon in a competitive market. Prior studies [REF] have indicated that such a modernization of plant I&C systems, alone or as part of a larger modernization effort, can yield very significant reductions in O&M costs. However, the depth of research and analysis required to develop a meaningful business case for a plant modernization effort is well beyond the scope of this study. While CRM as considered in this study can be easily integrated as part of grander plant modernization effort, it can also be considered as a stand-alone project, implemented as a supervisorial layer over and above existing systems. CRM is enabled by a suite of technologies, which are described in further detail in the body of this report. They include: • Modernized control room with interactive displays • High-bandwidth wireless networks • Mobile devices • Component identification technology • Mobile wireless video cameras • Smart or task based operator displays • Computer-Based Procedures (CBP)/Automated Mobile Work Packages (MWP) • Intelligent plant configuration • Advanced data analytics An analysis was conducted to determine how these technologies might impact outage operations at an NPP. The analysis concluded that outage management capabilities would be improved with application of these technologies, and result in annual benefits for the plant. These improved capabilities were identified and described in further detail in this report. • Reduction in need redundant manpower (verification, etc) • Improved critical path shutdown and restart duration during outages • Reduction in human factors and errors • Remote watches • Paperless outage coordination • Bulk work optimization

21 SPECIFIC NUCLEAR REACTORS AND ASSOCIATED PLANTS↗
DOE OSTI2022

Healthy Buildings Guide for Small Businesses: A Quick Reference to Improve Indoor Air Quality (Restaurants Excluded)

Indoor air pollutant concentrations can be higher than those outdoors, putting occupants at risk. These pollutants come from a variety of sources: materials used to build and furnish indoor spaces, retail products and services, and occupants themselves. Ventilation, temperature, and humidity also affect indoor air quality. It is important to consider the documented benefits of healthy indoor environments at any time – not just during a public health crisis – and it is key to consider the indoor air quality where we do business as well as at home. Small businesses vary in size, services, products, ownership style, and building mechanical systems, yet all benefit from healthy indoor spaces for employees and customers. This guide provides steps, in conjunction with public health guidance, that small businesses can take to improve and maintain indoor air quality. Small businesses often have unique ownership structures – the building owner and business owner can be different parties – so this guide addresses both building and business owner action items. There are many ways to pursue healthy indoor air, including eliminating, minimizing, and/or controlling the contaminants we bring in, and removing or diluting any existing contaminants through ventilation, filtration, air cleaning, and/or disinfection. Best results are achieved through a comprehensive approach combining various strategies, including those discussed in this guide.

air filtration↗
DOE OSTI2019

Panel Session 21: Small Business Contracting with the US DOE

This panel session provided a fast paced, high energy and thought-provoking session on how to do business with the US DOE. Charles Smith, the Director, of the US DOE Office of Small and Disadvantaged Business Utilization (OSDBU) provided an overview of DOE OSDBU's best practices. Representatives from the Office of EM and the NNSA will give attendees insight on how to market and seek opportunities within their program offices, sites and laboratories. Also featured current DOE, small business Presidents, shared best practices on how to engage with DOE, find and win contracts. Presentations proposed include: 1 - Doing Business with the U.S. Department of Energy (Charles R. Smith, US DOE OSDBU (USA)); 2 - Small Business Contracting with the US DOE (Tamara Miles, US DOE (USA)); 3 - Small Business Contracting with NNSA (Greg Gonzales, US DOE NNSA (USA))

12 MANAGEMENT OF RADIOACTIVE AND NON-RADIOACTIVE W↗
DOE OSTI2020

Session 059 - Panel: Small Business Procurement and Contracting Opportunities within the US DOE Complex and USACE FUSRAP Sites (R1.7)

This panel session focused on small business procurement and contracting opportunities within the DOE Complex and USACE FUSRAP Sites. The federal government encourages prime contractors to obtain goods and services from small and disadvantaged businesses (Tier 2) and often tie these goals to contract award fee. Goods and services being considered for these procurements include decontamination and decommissioning, remediation, transportation and disposal of radioactive waste, health physics, emergency response planning and training, lab services, R and D products, waste treatment, maintenance, A/E and professional consulting. Panelists with presentations: Small Business Procurement and Contracting Opportunities within the US DOE Complex and USACE FUSRAP Program (Aaron Deckard; Subcontracting Opportunities with the DOE Primes (William Badger); Bechtel National, Inc. Small Business Opportunities (Lisa Tribuce-Leoung Tat); Small Business Procurement and Contracting Opportunities (Gina Joiner); Small Business Procurement and Contracting Opportunities - Flour (Katy Burnau); Environmental WORK, Formerly Utilized Sites Remedial Action Program (FUSRAP) (John Busse)

12 MANAGEMENT OF RADIOACTIVE AND NON-RADIOACTIVE W↗
DOE OSTI2012

Business Plan Competitions and Technology Transfer

Business plan competitions are used in many industries to stimulate interactions between startup companies and potential investors, inducing investment in those companies and fueling technology transfer into the marketplace. However, no empirical studies have tested the effectiveness of these competitions at helping companies raise funding and become a successful business entity. We use a difference-in-differences model to estimate the effect of participation in the National Renewable Energy Laboratory’s (NREL) Industry Growth Forum (IGF), a clean technology business plan competition. We find that companies that present at the IGF on average raise $\$$4.4M (p<0.01) more than those that applied and were not selected to present. We find no significant effect from company location and proximity to investors, which suggests that the business clusters’ effect on a company’s success may be limited. Presenting companies exhibit increased investment syndication compared to the rest of the clean technology industry; for example, an IGF presenter with $\$$9M in funding may have twice the number of investors as typical clean technology startups that raised the same amount of funding but did not present at the IGF. These findings suggest that business competitions can help nascent companies raise financing and help venture capitalists find investment opportunities, and may serve as an effective policy tool to facilitate the growth of clean technology companies, industries, and technology transfer.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗