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Obama Administration Announces $12 Million i6 Green Investment to Promote Clean Energy Innovation and Job Creation

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Map of all the i6 Green Investments

U.S. Acting U.S. Commerce Secretary Rebecca Blank today joined the Obama administration in announcing a national initiative leveraging resources of five federal agencies to advance clean technology commercialization. Six winners were announced today of the i6 Green Challenge, an initiative to drive technology commercialization and entrepreneurship in support of a green innovation economy, increased U.S. competitiveness and new jobs.

Projects in Florida, Iowa, Louisiana, Michigan, New England and Washington will each receive up to $1 million from the U.S. Commerce Department’s Economic Development Administration (EDA) and up to $6 million in additional funding and technical assistance from the U.S. Departments of Agriculture and Energy, the U.S. Environmental Protection Agency, the National Science Foundation, and Commerce’s National Institute of Standards and Technology (NIST) and United States Patent and Trademark Office (USPTO).

Winning i6 Green applicants will support emerging technology-based businesses as they mature and demonstrate their market potential, making them more attractive to investors and helping entrepreneurs turn their ideas and innovations into businesses.

First announced at the White House launch of Startup America in January, i6 Green follows last year’s inaugural i6 Challenge, which focused on accelerating high-growth entrepreneurship in the United States. This year's competition focuses on promoting Proof of Concept Centers methodologies, which support all aspects of the entrepreneurship process, from assisting with technology feasibility and business plan development, to providing access to early-stage capital and mentors that can offer critical guidance to innovators.  Release

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Nelson Potter

America's project of promoting entrepreneurship by the commercialization of technology is gonna create some new job. Very nice initiative taken by Obama administration. Main focus will remain in Florida, Michigan and Washington.

Green Jobs

Clean energy would be a wonderful thing, but at what cost. I think it is something that could slowly enter the market place as technology gets better, but I don't think it should be implemented full scale if it is going to be financially detrimental to the population. However, I do like the green job opportunity it presents and is certainly needed in this weak economy.