Chevron Studio Cohort 4 Application
Want to learn more about Chevron Studio and the Cohort 4 application process?
Register now for our upcoming informational webinar.
Can't make it to the March 4 webinar? Watch a recording of the February 19 webinar.
Intellectual Property Orientation Webinars
Want to learn more about the Cohort 4 intellectual property (IP)?
Sign up for an IP orientation webinar.
Chevron Studio is a one-of-a-kind program designed to help entrepreneurs build companies by linking them with world-class, early-stage technologies developed at universities and federal national labs. The program provides assistance to entrepreneurs to help them scale-up and commercialize these technologies. Chevron Studio is currently focusing on technologies in the following areas:
- Carbon utilization
- Energy storage systems
- Hydrogen and renewable energy
- Solutions for a circular economy.
Developed as a partnership between Chevron Technology Ventures and the National Renewable Energy Laboratory, Chevron Studio brings together research institutions to collaborate and enable affordable, reliable, and lower-carbon energy for all.
Chevron Studio is composed of three phases: Discovery, Scale-Up, and Field Trial.
Phase 1: Discovery
Applicants must apply to enter into the Discovery Phase. The award for the Discovery Phase supports the evaluation of selected entrepreneurs' chosen IP and the development of engagement, business, and scale-up plans, a final report, and a pitch presentation over a 3-month period. At the end of the Discovery Phase, selected entrepreneurs attend a Pitch Day where they present their final report to the Chevron Studio Joint Steering Committee with the goal of advancing to the Scale-Up Phase.
Phase 2: Scale Up
Entrepreneurs selected to advance from the Discovery Phase to the Scale-Up Phase will form companies and, over the next 12 to 24 months, work with a university or federal national lab to scale up and demonstrate these technologies at a minimum viable commercial scale. At the end of the Scale-Up Phase, the companies are expected to raise external financing.
Phase 3: Field Trial
Selected companies that advance from the Scale-Up Phase to the Field Trial Phase may be offered an opportunity to conduct field trials at a Chevron or related facility to demonstrate the scalability of their respective innovations and value propositions.