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DOE is Looking for "America's Next Top Energy Innovator"
The Department of Energy announced the "America's Next Top Energy Innovator" Challenge — a new initiative intended to give startup companies and entrepreneurs the opportunity to obtain an option agreement to license one or more of the 15,000 energy-related technologies developed by the National Laboratories. Participating entrepreneurs will pay a $1,000 upfront fee for portfolios of up to three patents — a savings of $10,000 to $50,000 on average in upfront fees. Interested entrepreneurs can visit DOE's Energy Innovation Portal to view an extensive list of available technologies. Entrepreneurs must identify the technology of interest and submit a business plan between May 2, 2011, and December 15, 2011, to be eligible for the discounted rate. DOE also is reducing the required advanced payment requirement to use the facilities at any of the National Laboratories to 60 days. Previously, companies were required to make an advanced payment that covered the first 90 days of research work. Read the press release...