Financial Incentives for Commercialization of Clean Energy Technologies

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On July 15, 2010, the U.S. Department of Energy (DOE) announced that it was making available $30,000,000 in federal funds for qualified small businesses to support the commercialization of “near-term clean energy technologies,” such as innovations that utilize solar, wind, biomass or fuel cell technologies and nuclear or fossil energy through the Small Business Innovation Research program and the Small Business Technology Transfer program. Applicants may receive up to $3,000,000 over three years for research and development and distribution of these and other new technologies.

Interested small business owners may find more information about this funding program on the DOE’s website here.  The deadline for filing an application with the DOE is today, August 4, 2010, at 8 p.m. (Eastern Standard Time).

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