Washington, DC –(ENEWSPF)—August 5, 2011. U.S. Secretary of Energy Steven Chu yesterday announced that an Iowa based start-up company has been selected to participate in the Department of Energy’s “America’s Next Top Energy Innovator” challenge. Iowa Powder Atomization Technologies (IPAT) has signed a technology license agreement to use technologies developed by Ames Laboratory to produce fine titanium powder that can be used to improve military, biomedical and aerospace components, and can possibly be used in artificial limbs like those used by wounded veterans returning from Iraq and Afghanistan less expensive. The “America’s Next Top Energy Innovator” challenge is part of the Obama Administration’s efforts to jump start entrepreneurship and innovation and allows start-up companies streamlined access to technologies developed at America’s 17 national laboratories for a reduced upfront fee of just $1,000.
“This is a great example of what can happen when we unleash the American innovation machine and allow entrepreneurs to turn a great idea into a business opportunity,” said U.S. Energy Secretary Steven Chu. “By making it easier, faster and cheaper for start-ups to license groundbreaking technologies we can move innovative ideas to the marketplace – creating jobs and growing our economy.”
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