Success Stories
We consistently review and update our primary metrics (cumulative since ’93):
- New business formations: 105
- Funding events: $1.078 billion
- Job creation: 12,699
Since clients do not pay fees or compensation to TVC of any kind, these are TVC’s primary success metrics. Return on our invested time with clients is paramount. While we’d like to help as many entrepreneurs as we can, we are selective and look for those with commercialization potential—that means evaluating many of the same criteria that investors use (team, technology, pain, market size, customer traction, etc.). Since we work with early stage companies, we select clients based on their potential, and help entrepreneurs drive toward each milestone. When they line up with what investors have told us they’re seeking, we’ll make the introduction.
Hyperion receives Tech Development Award
August 30, 2008
Technology Development Award presented to Hyperion Power Generation for its Small, Transportable, Grid-Appropriate Nuclear Power Reactor
LOS ALAMOS, N.M., September 30, 2008 - Hyperion Power Generation (HPG), developer of the Hyperion small, transportable, nuclear power module (http://www.HyperionPowerGeneration.com) has been honored with the Notable Technology Development award for technology transfer projects presented by the U.S. Federal Laboratory Consortium (FLC). The annual awards recognize exemplary work by federal laboratories, private businesses, and state and local government. The award, which went to HPG's CEO John R. Grizz Deal and Hyperion's inventor, Dr. Otis "Pete" Peterson, was presented at the FLC's Mid-Continent / Far West Regional awards dinner on September 11 in Denver, CO.
"This recognition is indeed important to us," said Deal. "We strongly believe in the strength of the U.S. laboratory system - in the ability of the many talented people quietly working away to provide solutions to some of our planet's key problems. As a technology transfer project, we have the opportunity to showcase the lab system's rich history of scientific contribution and assist in garnering the attention it needs in order to continue the essential work it has provided thus far, and can provide in the future. Ours is but one example of the many success stories wherein great U.S. lab-invented technology is released to the open market and commercialized to benefit the U.S. economy, and indeed mankind."
Hyperion Power Generation, which is a sponsor of the U.S. Department of Commerce's Nuclear Energy Summit on October 8 in Washington, D.C., has licensed the Hyperion Power Module intellectual property portfolio for commercialization through the technology transfer program at Los Alamos National Laboratory where it was invented by Dr. Peterson.
Proliferation-resistant, the HPM meets all of the Global Nuclear Energy Partnership's stringent criteria for the safe and secure deployment of small "grid-appropriate" nuclear reactors for distributed power. Each unit produces 70 megawatts of thermal energy, or 27 megawatts of electricity when connected to a steam turbine. That amount is enough to provide electricity for 20,000 average-size American-style homes or the industrial equivalent.
Inherently safe, the HPM utilizes the energy of low-enriched uranium fuel and will be licensed by the U.S. Nuclear Regulatory Commission. The company has already received commitments for ten HPMs, priced at around $25 million each, for various locations. Three factories spread across the globe are planned by the company to produce and ship the approximately 4,000 units of the first design.
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