Otherlab
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | N/A | Grant | |
* | $150k | Grant | |
* | $230k | Grant | |
$2.6m | Grant | ||
Total Funding | $3.0m |
Recent News about Otherlab
EditOtherlab is a pioneering research and development lab that focuses on creating groundbreaking technologies in the energy, robotics, manufacturing, and education sectors. The company operates similarly to an accelerator incubator but with a unique twist: it develops its own internal ideas and nurtures them from the initial research and development phase to forming internal entities, eventually spinning them out as independent companies. Otherlab serves a diverse range of clients, including government agencies and Fortune 500 companies, helping them understand energy infrastructure and build transformational technologies aimed at achieving 100% decarbonization.
The business model of Otherlab involves securing research and design contracts, followed by raising follow-on capital to support the growth and development of its spin-out companies. Over the past decade, Otherlab has raised over $70 million in research and design contracts and amassed $100 million in follow-on capital, successfully spinning out 12 companies.
Otherlab's notable projects include developing a modular, scalable kelp farm with Trophic and UNH, creating a rapidly deployable emergency isolation unit in partnership with the University of Nebraska Medical Center, and developing new wind system architectures supported by ARPA-E ATLANTIS Program. These projects highlight Otherlab's commitment to innovation and its ability to address pressing global challenges.
Keywords: R&D lab, energy, robotics, manufacturing, education, decarbonization, spin-out companies, kelp farm, emergency isolation unit, wind systems.