Jump to main content.

Clean Energy Trust


Chicago, Illinois

Project Name

The Clean Energy Prize Fund


Seed Fund Support Grant (formerly known as Cluster Grants for Seed Capital Funds)

Award Amount


Matching Amount


The Clean Energy Trust (“CET”) is a Chicago-based 501(c)(3) non-profit clean energy accelerator, that serves nine Midwestern states to source breakthrough technologies that can be turned into high-growth startup companies.  CET aims to create a healthier and more sustainable environment and a more prosperous economy.  Toward that end, CET has established a Clean Energy Prize Fund (“The Fund”) that strives to foster innovation and promote economic growth by providing much needed early-stage seed capital to these startups in order to traverse the commercialization “valley of death.”  The Fund deploys seed capital to support cleantech startups located throughout the following nine Midwestern states: Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Missouri, Ohio, and Wisconsin.

CET will establish an operational support program

  • to grow the Fund's investment pool (i.e., capital that will be used to directly invest in qualified companies) from $2.3 million to at least $12 million, with the goal of raising $4 from private sources for every public dollar raised; and
  • to create a financially sustainable investment model in which returns provide capital for future investments and ongoing operational expenses.

Office of Innovation and Entrepreneurship (OIE)

Build To Scale (B2S)
formerly Regional Innovation Strategies Program (RIS)

SPRINT Challenge

STEM Talent Challenge

Accelerate R2 Network Challenge

National Advisory Council on Innovation & Entrepreneurship (NACIE)

Resource Directory Disaster Recovery Annual Reports Stay Connected
(Subscribe to EDA's monthly e-newsletter)

Facebook icon Instagram icon Twitter icon LinkedIn icon YouTube icon