Lawrence Tech launches $100,000 critical materials innovation challenge
The program will identify, evaluate, commercialize and scale breakthrough technologies that strengthen the US critical materials and rare earth element automotive supply chain.
The Centrepolis Accelerator at Michigan’s Lawrence Technological University (LTU) has launched the Critical Materials Manufacturing Technology Accelerator (CMMTA), a national initiative aimed at commercializing and scaling breakthrough technologies that strengthen the United States’ critical materials and rare earth element (REE) automotive supply chain.
Funded in partnership with the United States Council for Automotive Research (USCAR), the program is centered around the Critical Materials Manufacturing Technology Innovation Challenge, which seeks the world's most promising technologies capable of reducing U.S. dependence on foreign sources of critical materials. Selected companies will receive a $100,000 grand prize and support services for commercialization, including pilot projects, product engineering, and connections to automotive, defense, and industrial customers.
USCAR executive director Dr. Steven Przesmitzki emphasized the importance of the initiative in strengthening the domestic supply of critical materials essential for the automotive industry.
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