U.S. Department Of Energy Offers Small Businesses Grants For Technology

The U.S. Department of Energy is offering grants to small businesses that will create jobs and stimulate economic growth.

Small businesses are now able to receive money from the Recovery Act and FY 2010 budget for commercialization of promising new technologies.  

According to U.S. Energy Secretary Steven Chu, the amount from the Recovery Act and FY 2010 budget for  the small businesses grants is $30 million nationwide.

This funding is adding to the efforts of the Small Business Innovation Research program and the Small Business Technology Transfer program.

These programs are supporting small businesses that will have an important role in a clean energy economy in the future.

The SBIR and the STTR are also developing near-term clean energy technologies.

Department of Energy has awarded Phase II grants to small businesses in the past, but this is the first time they have offered Phase III grants.

Small businesses that were awarded the Phase II grants from the SBIR and the STTR are eligible for this grant.

The projects that the DOE is encouraging to apply are developed technologies that have a strong commercialization, potential for job creation and will have an impact on U.S. manufacturing.

Companies that are awarded the grant may receive up to $3 million over three years to be able to research, develop and deploy new technologies.

Applications are being accepted currently for biomass technologies, buildings technologies, fuel cell technologies, geothermal technologies -- high temperature tools and sensors, industrial technologies, solar technologies -- lowering the cost of photovoltaics through Innovative augmentation, wind technologies, fossil energy, electricity delivery and energy reliability and nuclear energy.

The deadline to apply is Aug. 4 by 8 p.m.

For more information, go to DOE's website.

Writer: Mandy Erfourth
Source: U.S. Department of Energy news release

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