Larta Awarded Contract for U.S. Department of Energy Commercialization Assistance Program

Larta Institute, a leading accelerator for small businesses and startups in science-based innovation, announced today that its wholly-owned subsidiary, Larta Inc., has been awarded an exclusive contract by the United States Department of Energy (DOE) to manage its national Commercialization Assistance Program (CAP) for as many as 450 Small Business Innovation Research (SBIR) Phase I and II awardees per year, beginning in September 2017. In 2016, DOE granted over $224M to their SBIR recipients.

The contract furthers the organization’s mission to transform ideas into commercialized innovations that feed, fuel and heal the world, adding to its existing CAPs with the National Institutes of Health, the U.S. Department of Agriculture, the National Science Foundation, and the National Institutes of Standards and Technology.

“This engagement enables us to enhance our visibility and reach in an area that is both exciting and of great consequence to the world,” says Larta Institute founder and CEO Rohit Shukla. “We will use this new vote of confidence as a calling card in expanding our footprint in this important field, at a time when energy efficiency and alternative energy are of increasing importance,” he continued. President and COO of Larta Institute Constanza Pachon added, “we are ready and eager to work with DOE’s SBIR innovators, both those whose commercialization journey is just beginning, and those who are further refining their offerings to the marketplace.”

Larta’s energy practice is led by David Berokoff, a 37-year veteran of the energy industry with key domain expertise across many areas in the sector, and functional experience covering strategic planning, financial and economic analysis, business development and project management. Berokoff will directly lead Larta’s DOE CAP effort;…

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