DOE Labs Committed to Maximizing the
Impact of Federal Investments in Science

In support of “Startup America,” a White House initiative to celebrate, inspire, and accelerate high-growth entrepreneurship throughout the nation, DOE Laboratories are engaging in a new initiative to support the creation of high-growth companies. DOE Laboratories are committed to maximizing the economic and social impact of the federal investments made in basic and applied science. DOE seeks to attract entrepreneurs and small businesses to consider Laboratories‘ current patent portfolios and new technologies when starting or growing a business. This initiative seeks to reduce transaction costs typically associated with acquiring an Option, such as upfront fees, patent reimbursement cost and the time to negotiate an agreement.

This mission to promote entrepreneurship is a core component of President Obama‘s national innovation strategy for achieving sustainable growth and quality jobs. The core goals of Startup America are to increase the number and scale of new high-growth firms that are creating economic growth, innovation, and quality jobs; celebrate and honor entrepreneurship as a core American value and source of competitive advantage; and inspire and empower an ever-greater diversity of communities and individuals to build great American companies.  Read more.

-This article was provided by the U.S. Department of Energy Office of Energy Efficiency and Renewable Energy.-