There is no shortage of technological development aimed at cleantech solutions. At academic institutions, nonprofit R&D facilities, and private and government-funded laboratories, researchers, scientists and engineers are working on innovations for alternative energy, batteries, biofuels, smart-grid and other energy-efficiency solutions, just to name a few.
The challenge for cleantech investors is identifying those inventions that can successfully address specific pain in the energy and environmental marketplaces and also offer strong potential for the market adoption that leads to successful commercialization.
Such scientific development is taking place at the U.S. Department of Energy (DOE) National Laboratories, where tens of thousands of scientists and engineers perform cutting-edge research in world-class facilities. In March 2009, the DOE announced $1.2 billion in new science funding under the American Recovery and Reinvestment Act for major construction, laboratory infrastructure, and research efforts sponsored across the nation by the DOE Office of Science, which manages 10 National Labs and funds research at another seven. (The Wall Street Journal reported on Nov. 25 that the total science office budget is now $4.76 billion.)
KEF IS A FELLOW NATIONAL ASSOCIATION OF SEED AND VENTURE CAPITAL (NASVF) BOARD MEMBER AND GETS IT.
RICH BENDIS
To read the full, original article click on this link: Taking invention from the lab to the marketplace | Cleantech Group
Author: Kef Kasdin
