Renewable energy startups benefit from low cost licensing opportunity
The Department of Energy launched its America’s Next Top Energy Innovator program as part of the Obama Administration's Startup America Initiative. The program will:
- Deliver streamlined template option agreement online for entrepreneurs to submit to Laboratories;
- Make 15,000 unlicensed patents and patent applications held by the National Laboratories available;
- Reduce the total upfront cost of licensing DOE patents;
- Delay royalty payments until the company grows and achieves commercial success;
- Establish a standard set of terms for licensing agreements;
Here are some DOE technology commercialization success stories (PDF). …
… “The program allows startups to license up to three National Laboratories patents for just $1,000 each, between May 2 and Dec. 15.
Normally those patents cost from $10,000 to $50,000 to obtain. The plan would also simplify the technology-licensing process …” …
Via MIT News: Department of Energy Startup Licensing Program.
US Department of Energy Secretary Steven Chu discusses the United States energy situation at the Energy Innovation Summit.
Secretary Steven Chu's slides on the clean energy innovation race (slides).
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Category: DOE