Monday, April 9, 2012

Department of Energy Small Business Technology Transfer Program

The Department of Energy is making available up to $9 million for roughly 50 energy efficiency and renewable energy projects through the Department’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, which help small businesses develop technologies with a strong potential for commercialization and job creation. SBIR and STTR programs are funded by federal agencies with large research and development budgets that set aside a fraction of their funding for competitions among small businesses. Small businesses that win awards in these programs keep the rights to any technologies they develop and are encouraged to commercialize them. The programs help small businesses bring innovative technologies to market that help spur economic growth and diversify the nation's energy portfolio.

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