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Department of Energy Launches "America's Next Top Energy Innovator"

Department of Energy Launches "America's Next Top Energy Innovator"

As part of the Obama Administration's Startup America Initiative (http://www.whitehouse.gov/issues/startup-america), U.S. Energy Secretary Steven Chu today announced the "America's Next Top Energy Innovator" challenge, which will give start-up companies the opportunity to license groundbreaking technologies developed by the National Laboratories for $1,000 and build successful businesses. As part of this effort, the Department is reducing both the cost and paperwork requirements for start-up companies to obtain an option agreement to license some of the 15,000 patents and patent applications held by our 17 National Laboratories.

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