Obama Administration Announces Launch of i6 Green Challenge to Promote Clean Energy Innovation and Economic Growth
U.S. Energy Efficiency & Renewable Energy
The U.S. Department of Energy joined with the U.S. Commerce Department's Economic Development Administration (EDA) and its Office of Innovation and Entrepreneurship today to announce the opening of the $12 million i6 Green Challenge, which will also be conducted in partnership with the U.S. Department of Agriculture, the U.S. Environmental Protection Agency, the National Science Foundation, and Commerce's National Institute of Standards and Technology and U.S. Patent and Trademark Office.
The funding will support awards for six teams around the country with the most innovative ideas to drive technology commercialization and entrepreneurship in support of a green innovation economy, increased U.S. competitiveness and new jobs. The Department of Energy will invest up to $2 million to support the $12 million multi-agency i6 Green Challenge, which will establish or expand Proof of Concept Centers across the U.S. In order to be eligible for DOE funding, applicants will be required to demonstrate innovation in the areas of renewable energy, energy efficiency, or green building technology.
"Investments in small business innovation through the i6 Green Challenge will play an important role in strengthening U.S. competitiveness and supporting economic development and job growth around the country. These centers will help companies test their innovations, a critical step in commercializing next generation clean energy technologies," said U.S. Energy Secretary Steven Chu.
"Initiatives like the i6 Green Challenge support the President's vision for out-innovating the rest of the world by moving great ideas from the lab to the marketplace to spur the development of 21st century jobs and industries," U.S. Commerce Secretary Gary Locke said. "We know that in the last 30 years, nearly all net new jobs were created by startups, and they will continue to play a critical role in our nation's economic prosperity."
Click here to read the full release.
Submitted by Anonymous on Mon, 2011-03-14 09:59