Last Friday was the last day of the Federal 2011 fiscal year, and award announcements were flying out of DC all afternoon. Several caught our attention including the announcement of the six winners of i6 Green Challenge, which is part of the Obama administration’s Startup America initiative.
The i6 Green Challenge is an initiative designed to leverage federal dollars and cost-share dollars to “drive technology commercialization and entrepreneurship in support of a green innovation economy, increased US competitiveness and new jobs.”
Translation: This is funding to prime the venture capital pump. Venture capitalists tend not to invest in early stage R&D, preferring to jump in later in the process after research demonstrates a promising, realizable commercial product.
To read the full, original article click on this link: Feds fund six clean energy 'proof of concept' centers | Ceramic Tech Today
Author:Eileen De Guire
