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Blog Category: i6 Green Challenge

Acting Secretary Blank Highlights Competitions As a Tool For Improving American Competitiveness

This morning, Acting Secretary Rebecca Blank spoke before the Department of Energy’s National Clean Energy Business Plan Competition. The competition is part of the Obama administration's Startup America Initiative, the White House campaign to inspire and promote entrepreneurship. Launched in December 2011, the National Clean Energy Business Plan Competition included six regional competitions that served as platforms for college students to present business plans that transform great clean energy ideas into great businesses. The goal of building regional networks of student-focused businesses, as well as its inclusion of corporate leaders in the clean energy and venture capital sectors, builds squarely on existing partnerships with the Department of Commerce to spur domestic innovation and entrepreneurship.

Blank told the audience, which included the six regional winning teams, that the key to America’s success is innovation. . . new products, new processes, new ways of thinking.  Since the 1940s, over two-thirds of America’s economic growth has been directly related to increased productivity due to innovationthat’s both new products and new production processes.

Obama Administration Applauds Opening of Innovation Hub in Gainesville, Florida

View of incubation hub lobby from balcony

Guest blog post by U.S. Assistant Secretary of Commerce for Economic Development John R. Fernandez

U.S. Senator Bill Nelson, Gainesville Mayor Craig Lowe, and University of Florida President J. Bernard Machen, all gathered for the opening of the Florida Innovation Hub on January 11, 2012. I was proud to address the large crowd that was here to support the unveiling of a new tech business incubator that will help entrepreneurs, innovators, and start-up companies commercialize their research and bring it into the marketplace.

As Florida seeks to diversify beyond tourism and agriculture, and transition to a more innovation-based economy, the $8.2 million grant that the Department of Commerce’s Economic Development Administration (EDA) invested in the University of Florida in Gainesville to build this facility will promote a more diverse economy in the state. It will lead to the creation of new higher-skill, living-wage jobs that are vital to the prosperity of this region. This incubator is expected to create 300 jobs and generate $30 million in private investment.

Investments in the Seattle Region’s Innovation Clusters Spur Economic and Job Growth

Deputy Assistant Secretary for Economic Development Matthew Erskine with i6 Green Seattle winners from Puget Sound Regional Council, South Seattle Community College and Cleantech Open.

Guest blog post by Matthew S. Erskine, U.S. Deputy Assistant Secretary of Commerce for Economic Development

The Seattle region is noted as one of our nation’s hotbed of innovation and entrepreneurship with world-class cleantech, health sciences, biotechnology and advanced manufacturing clusters. It is home to the headquarters of companies like Microsoft, Amazon and Starbucks and its regional assets are fueling job growth.

This week, I traveled to Seattle to spotlight Obama administration investments to advance these critical innovation clusters, promote entrepreneurship and small business development and create the jobs and industries of the future.

I met with the leaders of the Washington Clean Energy Partnership, awardees of the i6 Green competition. This collaboration between the Puget Sound Regional Council, South Seattle Community College, Cleantech Open and the Innovate Washington Foundation will work to foster collaboration between industry and institutions of higher education to expand the clean energy cluster.  This will spur the creation of new jobs, companies and export opportunities in the market for energy efficient technologies.

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

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