$30M in grants is up for grabs from the the U.S. Department of Energy (DOE) for small businesses with big clean technology ideas. This particular grant program has a broad renewable energy focus and is accepting applications from small companies working on everything from algae biofuels and geothermal projects to solar, wind, hybrid cars, and nuclear power. A single company can land up to $3M for research, development and deployment over a 3 year period.
The DOE is particularly searching for projects that can be commercialized and scaled up for industrial application. And if the applicant can show that their invention can create jobs or impact manufacturing in America, consider it bonus points. Like many of the other grants we’ve written about, this $30M program also falls under the American Recovery and Reinvestment Act, aka federal stimulus dollars.
“Small businesses are engines of job creation and innovation, and we need their ingenuity and entrepreneurial spirit to drive a clean energy economy,” said Energy Secretary Steven Chu. “By helping America’s small businesses bring these innovative technologies to market, we will spur economic growth and help reduce the country’s energy use.” The application deadline for the program is August 4th, so if your small business has an idea that will change the world…. don’t delay in sending in your application.