Perovskite Startup Prize

After seven successful Countdown Contests starting in March 2021 and the ongoing Liftoff Contest, the Perovskite Startup Prize is officially closed.

Thank you to everyone who competed along the way. Your work is accelerating the growth of the U.S. perovskite industry and supporting the rapid development of solar cells and modules that use perovskite materials. 

Congratulations to the six finalists and one grand prize winner! Finalists each received $200,000 for building a perovskite-focused team, developing technical and business goals, and securing access to equipment and labs. The winner of the final phase, the Liftoff Contest, was awarded $500,000 plus a $100,000 technical support voucher for demonstrating substantial progress, undergoing technology validation, and solidifying a network of mentors and partners. Learn about the winning teams:  

Liftoff Winner:

• Verde Technologies Inc. (Burlington, VT):  This team is working to demonstrate a high-performing single-junction perovskite device, with the goal of developing a flexible all-perovskite tandem module for the residential solar market.

Countdown Finalists: 

• American Perovskites (San Jose, CA): This team’s innovation is industrial synthesis of a novel family of polymer hole transport materials with unbeatable reliability, optical properties, and cost.
• Beyond Silicon (Tempe, AZ): This team is developing a perovskite-on-silicon tandem cell that has the potential to surpass the efficiency limit of standard silicon solar cells.
• MujiElectric LLC (Renton, WA): This team’s innovation aims to produce and commercialize state-of-the-art high-efficiency perovskite solar cells.
• Perotech Energy (Chapel Hill, NC): This team’s innovation is developing perovskite bifacial modules using high throughput and low-cost solution processes with high stability and energy yield.
• SoFab Functionalized Inks (Louisville, KY): This team is developing high-performance inks to be used in perovskite devices.

If you’re attending RE+ in Anaheim, CA, this September, stop by the American-Made booth space! Say hi to the Verde Technologies team and learn more about their perovskite technology. They’ll be at booth #MM1226 in the Marriott Marquis ballroom.

Lastly, let’s stay in touch! Sign up for the American-Made newsletter to learn about future prize opportunities.

The American-Made Perovskite Startup Prize has opened the final Liftoff Contest application period. There are still prizes available in the Liftoff Contest, and the next submission deadline is July 11, 2024 (subject to change). Any eligible teams planning to submit to the July deadline must send a Letter of Intent by June 11 to . See the Official Rules for more details. 

As a reminder, the Perovskite Startup Prize consists of two consecutive contests—Countdown and Liftoff—that accelerate efforts to develop new, innovative perovskite solar companies with the potential to manufacture commercially viable products in the United States. Finalists of the Countdown Contest, who received $200,000 cash prize, are eligible to compete in the Liftoff Contest, where they can receive a $500,000 cash prize, plus $100,000 in technical support vouchers, if selected. 

Previous applicants should receive feedback from the expert reviewers via email to improve submissions for the next cycle of competition. In addition to the comments, we also encourage you to reach out to ADL Ventures, the Power Connector for the Perovskite Startup Prize, for additional support. The ADL Ventures team can support your submission and get you in touch with Connectors and Mentors in the American-Made Network. Contact to start getting connected. 

The Perovskite Startup Prize has selected its first Liftoff Contest grand prize winner: Verde Technologies! The team was awarded a $500,000 cash prize and a $100,000 technical support voucher to continue their journey toward commercializing their concept. 

About Verde Technologies

Verde Technologies is working with a network of national labs, research groups, and industrial partners to develop a domestically manufactured lightweight and flexible perovskite solar module. Their goal is to make these panels more efficient than foreign-sourced panels and less costly to install, resulting in a more robust solar supply chain and a lower levelized cost of energy. 

The team is leveraging their ability and knowledge to rapidly translate laboratory-scale perovskite advancements to commercially relevant manufacturing processes, in part using a novel solution processing hardware called Verde Slot Coating. 

Throughout the Countdown Phase of the Perovskite Startup Prize, the Verde team used their unique expertise in coating to successfully integrate and translate third-party intellectual property to scalable processes, complete a full-scale manufacturing trial with industrial partners, demonstrate a strong market pull for their novel perovskite solar products, and raise funding from venture capital investors. 

Congratulations to Verde Technologies! Note that there is still one more Liftoff Contest award available to Perovskite Startup Prize finalists. The next quarterly submission period is now open with the anticipated submission deadline in April 2024. Reminder that if teams are planning to apply for the April deadline, they must send a letter of intent to a month in advance of the deadline. 

All teams who submitted to the January deadline should expect to receive comments from the expert reviewers in the next few weeks. 

The American-Made Perovskite Startup Prize has opened the next Liftoff Contest application period. There are still 2-3 prizes available in the Liftoff Contest, and the next submission deadline is Jan. 11, 2024 (subject to change). Any eligible teams planning to submit to the January deadline must send a Letter of Intent by Dec. 11 to . See the Official Rules for more details. 

As a reminder, the Perovskite Startup Prize consists of two consecutive contests—Countdown and Liftoff—that accelerate efforts to develop new, innovative perovskite solar companies with the potential to manufacture commercially viable products in the United States. Finalists of the Countdown Contest, who received $200,000 cash prize, are eligible to compete in the Liftoff Contest, where they can receive a $500,000 cash prize, plus $100,000 in technical support vouchers if selected. 

Previous applicants should receive feedback from the expert reviewers via email to improve submissions for the next cycle of competition. In addition to the comments, we also encourage you to reach out to ADL Ventures, the Power Connector for the Perovskite Startup Prize, for additional support. The ADL Ventures team can support your submission and get you in touch with Connectors and Mentors in the American-Made Network. Contact to start getting connected. 

Two teams are moving on as finalists in the American-Made Perovskite Startup Prize, earning $200,000 and joining a group of four other finalists competing in the Liftoff Contest.

The latest finalists were announced today, April 11, by the U.S. Department of Energy Solar Energy Technologies Office at the Materials Research Society Spring Meeting in San Francisco. No teams have been selected as Liftoff Contest winners yet.

The teams moving on as finalists are as follows: 

• American Perovskites (San Jose, CA): This team is working with a host of players including Colorado School of Mines, TDA Research, TandemPV, and The University of Toledo. Their innovation is industrial synthesis of a novel family of polymer hole transport materials with unbeatable reliability, optical properties, and cost.
   
• Perotech Energy (Chapel Hill, NC): This team’s innovation is developing perovskite bifacial modules using high throughput and low-cost solution process with high stability and energy yield. 

This marks the final teams moving on to the Perovskite Prize Liftoff Contest. The six Countdown Contest finalists who qualified for the Liftoff Contest include: 

• American Perovskites
• Beyond Silicon
• MujiElectric LLC
• Perotech Energy
• SoFab Functionalized Inks
• Verde Technologies Inc.

During the Liftoff Contest, finalists work towards demonstrating substantial progress and validation of their technology, as well as developing a diverse network of mentors and partners to support their business and technology development. They are competing for a $500,000 cash prize and $100,000 technical support voucher.

Congratulations to the two new finalists and good luck in the Liftoff Contest!