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