02 Apr '11, 7pm

Feds Invite Startups to Be America's Next Top Energy Innovator

Feds Invite Startups to Be America's Next Top Energy Innovator

The Obama Administration is offering a deal to America's entrepreneurs: With a strong business plan and $1,000, startup companies that qualify can get an option agreement to license some 15,000 patents and patent applications for groundbreaking energy technology developed by the country's 17 national laboratories. Starting May 2 and continuing through December 15, the Department of Energy is cutting upfront fees and streamlining the paperwork for the licensing of national lab patents and patent applications. The deal offered through the "America's Next Top Innovator" challenge represents a big cut in price and red tape. Typically, the upfront fees run $10,000 to $50,000. Energy Secretary Steven Chu announced the limited-time offer this week. "America's entrepreneurs and innovators are the best in the world," Chu said in a statement. "We're challenging them to create new bu...

Full article: http://www.greenbiz.com/news/2011/04/02/feds-invite-start...

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