FLoW's 2014 Winners
Turning waste from hard drives into critical resources used in the most efficient wind turbines and electric motors is REEcycle’s passion, the Texas team that won the $100,000 First Place prize at the Third Annual First Look West (FLoW) Regional competition. REEcycle’s process extracts Neodymium and Dysprosium, two precious rare earth elements, essential in manufacturing clean energy technologies, from discarded hard drive magnets. Rare Earth elements are critical to the most efficient wind turbines and electric motors – two technologies that drive the energy efficient future. Retrieving these elements makes the US less dependent on unpredictable foreign sources such as China, the world’s largest exporter of rare earth elements.
REEcycle’s advance was celebrated at an awards event held at the California Institute of Technology on May 7. Along with Second and Third Place winners graphene processor GrollTex and CinderBio, an industrial enzyme innovator, REEcycle shared $160,000+ in prize money and start-up packages that include boot camp scholarships and legal support.
In addition MuTherm took home the $5,000 Transformational Idea Award with an innovation that will boost the safety of the nation’s thousands of miles of gas pipelines. Sponsored by Caltech’s Resnick Sustainability Institute and Draper University (the entrepreneurial educational program founded by venture capitalist Tim Draper) the TIA rewards ground-breaking pre-commercial research.
FLoW's 2013 Winners
Young entrepreneurs tackling hard problems and billion dollar markets took top prizes at the First Look West (FLoW) regional finals competition held at the University of Southern California on May 7, 2013. UC Berkeley's Pyro-E won the $100,000 DOE prize and start up packages including face time with top investors and legal support.
Caltech's Chai Energy and Stanford's Dragonfly Systems claimed the $40,000 second place and $20,000 third place prize money.
Rare Earth Separation took home the inaugural $5,000 Transformational Idea Award. Sponsored by Draper University, the entrepreneurial educational program founded by venture capitalist Tim Draper, the TIA rewards ground-breaking, pre-commercial research.
FLoW's 2012 Winners
Young entrepreneurs developing energy from waste water treatment, robots for cleaning solar panels and solar cell films with 20% more efficiency took the top prizes at the First Look West (FLoW) regional finals competition. At an awards celebration held at the California Institute of Technology on May 1, Stanford Nitrogen Group, Greenbotics and Xite Solar shared $200,000 in prize money.
The FLoW competition is one of six awarded regionally as part of a three-year, $2 million DOE program. The winning teams from six regions went on to compete at a competition held at the Department of Energy in Washington, D.C. June 12 & 13, 2012.
During FLoW's first three years, the following companies were established and continue to thrive: