; (B) leveraging technologies by supporting new product development that supports regional economic development; and (C) administering prize competitions to accelerate private sector competition and investment. (2) Activities (A) In general The Foundation may solicit and accept gifts, grants, and other donations, establish accounts, and invest and expend funds in support of the activities and programs described in subparagraphs (B) through (D). (B) Studies, competitions, and projects The Foundation may conduct and support studies, competitions, projects, and other activities that further the purpose of the Foundation described in paragraph (1). (C) Fellowships and grants (i) Award The Foundation may award fellowships and grants for activities relating to research, development, prototyping, maturing, or commercializing of energy technologies. (ii) Form of award A fellowship or grant under clause (i) may consist of a stipend, health insurance benefits, funds for travel, and funds for other appropriate expenses. (iii) Selection (I) In general The Foundation shall award a fellowship or grant under clause (i) based on the technical and commercialization merits of the proposed project. (II) Input In selecting recipients of a fellowship or grant under clause (i), the Foundation may consult with potential recipients regarding the ability to carry out various projects that would further the purpose of the Foundation described in paragraph (1). (iv) Federal laboratories A Federal laboratory that applies for or accepts a grant under clause (i) shall not be considered to be engaging in a competitive procedure. (D) Supplementary programs The Foundation may carry out supplementary programs— (i) to conduct and support forums, meetings, conferences, courses, and training workshops consistent with the purpose of the Foundation described in paragraph (1)