DOE Awards $5.3 Million to Support the Development of University-Based Technology Commercialization
Link submited on September 16, 2010 10:06 by Admin Admin
Author: Department of Energy
Source: Department of Energy
Interest: U.S. Department of Energy Secretary Steven Chu announced today the selection of five projects to build and strengthen "innovation ecosystems" that will accelerate the movement of cutting-edge energy efficiency and renewable energy technologies from university laboratories into the market. This is the first time the Department is funding this type of university-based commercialization effort. The ecosystems will foster collaborative environments, bringing together key players from universities, the private sector, the federal government and Department of Energy National Laboratories to identify and develop new clean energy technologies and help them succeed in the marketplace. The projects will receive a total of $5.3 million in federal funding over three years, which will be leveraged with grantee investments to support $9 million in total projects.