Next Top Energy Innovation program

Latest Program that Could Create New Solar Energy

The new Next Top Energy Innovation program of America will be launched on March 29 by the Department of Energy (DOE) can create new solar and optional energy stars.  The program will give confidence to startup companies and entrepreneurs to license copyrights developed at national laboratories, similar to the National Renewable Energy Laboratory (NREL), and carry the technologies to market.  The accessible copyrights consist of technologies similar to a Solar Energy Storage, Transportation and Conversion patent developed at the Lawrence Berkeley National Laboratory.   The technology obtains an organometallic compound that replies to sunlight by turning into a higher energy organometallic compound, which could be stored and transported to a location where it can be released and utilized as thermal energy.  After releasing the energy, the material regresses back to the first compound for use again.

Over 15,000 patented technologies and patent applications will be accessible to the public for $1,000 each under the program.

“This represents a savings of $10,000 to $50,000 on average in upfront fees,” the DOE said. In addition, the DOE is simplifying the paperwork involved with applying for the patents.

“The plan is to review how effective the pilot program is in facilitating new company creation and encouraging entrepreneurs to spin out Lab technologies,” said DOE spokesperson Tiffany Edwards.

At present, there is no unified application among all the national labs. The DOE is establishing a template agreement that all of the national research centers can use.

Next Top Energy Innovation program

“If we find that the template agreement is well received and accomplishes its goal, the Department will encourage the Labs to continue to use it,” Edwards said.

The basic template pact will be available on May 2.  Entrepreneurs and startups will be qualified to apply for a license by submitting the agreement, identifying the technology they want and submitting the business plan for consideration from then on until December 15.  The applications are to be reviewed by the DOE, and as well the choosing of the licensing winners based on results.  The winners will get to be involved in other DOE programs such as the SunShot Initiative.

Edwards said, “This initiative will in no way inhibit a startup’s ability to participate in any other DOE program.”

The White House said the winners will be showcased at the third Annual ARPA-E Energy Innovation Summit showcase in 2012 as this could help promote the resulting projects.

The said summit could entice investors and innovators who could boost and help in attaining a firmer footing.  As part of the Obama Administration’s Startup America initiative, the program aims to stoke the entrepreneurial spirit of the US citizens in a bid that shall create more developments and high-growth firms in the country.

photo credit: mnn.com