David Jaramillo writes in Cipher about the importance of helping startups bridge the Valley of Death.
- After a project is demonstrated in lab tests it must navigate a long and hard process to reach commercialization, which is referred to as the Valley of Death.
- Helping startups bridge the Valley of Death can be done in both the public and private sectors.
- The government can help by streamlining permitting and continuing to fund basic research and development.
- Meanwhile the private sector and incubator organizations can provide funding to these startup projects to help them reach commercialization.
“As scientists bring new products across the Valleys of Death and disrupt incumbent technologies, we stand a chance not only of solving some of the world’s toughest problems, but of coming out the other side with energy abundance.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
