Administration Announces $12 Million i6 Green Investment
October 5, 2011
The Obama Administration announced on September 29 the six winners 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) to help speed up commercialization based on new research. They will also get up to $6 million in additional funding and technical assistance from DOE, the U.S. Department of Agriculture, the U.S. Environmental Protection Agency, the National Science Foundation, and Commerce's National Institute of Standards and Technology and United States Patent and Trademark Office.
The winning projects include: Iowa Innovation Network i6 Green Project in Ames, Iowa; Proof of Concept Center for Green Chemistry Scale-up, Holland, Michigan; iGreen New England Partnership; Igniting Innovation Cleantech Acceleration Network in Orlando, Florida; Louisiana Tech Proof of Concept Center, Ruston, Louisiana; and the Washington Clean Energy Partnership Project, Washington State.
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 concentrates 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 seed money, as well as making available a variety of mentors who can offer critical guidance to innovators. See the DOE press release and the i6 Challenge website.