The Hertz Foundation Awards

Peter Strauss Award

The Peter Strauss Award was established by Harold Newman, Hertz Foundation Director and financial advisor, and a long time associate of Peter Strauss, who was a Hertz Foundation Director and a financial advisor to the Foundation for many decades. The prize includes a $5,000 award. The nominated individual must meet one or more of the following criteria:

  • Either in-school Fellow or recently graduated (< 5 years)
  • Awarded major patents
  • Established significant licensing agreements
  • Engineered a new start-up company
  • Won major national recognition for his/her inventions

Nominations for the Peter Strauss Award are accepted at the Hertz Foundation office by January 29 and should include a clear description of the entrepreneurial accomplishments of the nominee, along with three (3) testimonials by industrial or academic leaders who can attest to the importance of the nominee's work.

For more information on the award or how to nominate a Hertz Fellow, please contact Kathy Young


2017
Ian McKay
Co-founder of Open Water Power, Hertz Fellow Ian McKay, awarded the 2017 Peter Strauss Award for his outstanding work pushing the limits of battery power. McKay is the lead inventor of a revolutionary aluminum-based battery that offers 10 times the energy of lithium-ion batteries in a safe, compact design. It is ideal for use in unmanned underwater vehicles (UUVs) used by the United States Navy, as well as ocean science research and the oil & gas industry, enabling greater range and battery life with a better safety profile. The new battery design is being refined and commercialized by Open Water Power Incorporated, which McKay co-founded with Tom Milnes. The company was recently acquired by L3 Technologies and is now known as L3 Open Water Power.

2016
Max N. Mankin
Hertz Fellow Max Mankin is the co-recipient of the 2016 Strauss Award for tremendous work in revolutionizing the electric power generation and effort in finding a solution to an issue that impacts everyone around the globe: energy consumption, with the Seattle based start-up, Modern Electron, which is working towards generating inexpensive, modular, reliable electricity for use worldwide. Max co-founded Modern Electron with Hertz Fellow Tony Pan, also co-recipient of the 2016 Strauss Award.

2016
Tony Pan
Hertz Fellow Tony Pan is the co-recipient of the 2016 Strauss Award for tremendous work in revolutionizing the electric power generation and effort in finding a solution to an issue that impacts everyone around the globe: energy consumption, with the Seattle based start-up, Modern Electron, which is working towards generating inexpensive, modular, reliable electricity for use worldwide. Tony co-founded Modern Electron with Hertz Fellow Max Mankin, also co-recipient of the 2016 Strauss Award.

2014
John Frank
Hertz Fellow John Frank is the recipient of the 2014 Strauss Award for co-founding Diffeo, a technology start-up that created a new type of human language technology that applies text analytics to working notes, and for MetaCarta, a company that provides geographic information extraction and search engine products. MetaCarta was acquired by Nokia in 2010.

2012
John Stockton
Dr. John Stockton founded two companies after joining Stanford as a post doc in 2007. The first company, Entanglement Technologies, designs ultra-sensitive vapor detection using new and cutting edge technology with a variety of customers, including the Department of Defense. Entanglement Technologies received a Shell Corporation Game Changer Award in 2010. John's second company, Quantifind, is an algorithmic software-based analytical services company, serving consumer products manufacturers, scientific publishers, movie studios, and game makers. One partnership is with Elsevier to provide the first paid app for the exploration of Elsevier's massive scientific database. John serves as Chief Scientist, with twenty-one employees. John is a 2000 Hertz Fellow.

2011
Christopher Loose
Dr. Christopher Loose founded Semprus BioSciences (formerly known as SteriCoat) in 2006 to develop medical and industrial products with surface modifications to reduce infection, clotting, and fouling. The company has 28 full time employees and has raised more than $28 million in funding. Dr. Loose is a 2003 Hertz Fellow.