DOE Announces Funding for Small Business Innovation Research

April 12th, 2012 | Category: Industry News

The Energy Department announced up to $9 million available this year to fund approximately 50 small businesses to advance innovative energy efficiency and renewable energy technologies. According to the announcement, this initiative will help small businesses with promising ideas that could improve manufacturing processes, boost the efficiency of buildings, reduce reliance on oil, and generate electricity from renewable sources to bring new clean energy solutions to market faster. This effort is part of the Obama Administration’s strategy to drive innovative clean energy technologies into the market and help spur economic growth, diversify the nation’s energy portfolio, and create skilled jobs for American workers.

The Office of Energy Efficiency and Renewable Energy (EERE) is offering this funding through the Department’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, which allow federal agencies with large research and development budgets to set aside a fraction of their funding for competitions among small businesses. Small businesses that win awards in these programs keep the rights to any technologies they develop and are encouraged to commercialize them.

According to the announcement, the funding opportunity includes eight broad topics and 30 subtopics in areas including advanced manufacturing, energy-efficient buildings, biomass, hydrogen and fuel cells, solar energy, and wind and water power technologies. The Energy Department will fund selected small businesses with one-year awards of up to $150,000 to explore the feasibility of innovative clean energy concepts. Awardees with successful projects will have the opportunity to compete for more than $1 million in follow on funding.

Additional information is available on the EERE’s Funding Opportunity Exchange website¬†under Reference Number DE-FOA-0000715.¬†

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