This blog will focus on and discuss business and legal issues important to entrepreneurs as they develop products and services, seek capital, expand and exit the market. In addition, this blog will discuss federal and state economic development incentives and finance programs that are geared towards incentivizing affordable housing, renewable energy, historic preservation, small business start up and job creation.
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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