Ed. Note: This was originally posted on the Department of Energy blog.
Secretary Chu announced a new program today, called “America’s Next Top Energy Innovator,” to reduce the cost and paperwork for start-up companies to purchase the Department’s many thousand unlicensed patents and start bringing more of these new energy technologies to the U.S. marketplace. “Our goal is simple,” said Secretary Chu, “unleash America’s innovation machine and win the global race for the clean energy jobs of the future.”
Starting on Monday, May 2, entrepreneurs will be able to apply for any of these patents by submitting a business plan for how they propose to use them. Best of all, within the scope of this challenge, a portfolio of up to three patents will cost an upfront fee of just $1,000 – a total savings of $10,000 – $50,000. More→