The Department of Commerce will award $1 million each to six winners of the i6 Green Challenge to advance commercialization of green technologies.
The winners can also receive up to $6 million in additional funding and technical assistance the Departments of Agriculture and Energy, the Environmental Protection Agency, the National Science Foundation, and Commerce’s National Institute of Standards and Technology and the Patent and Trademark Office (USPTO).
The winners will support emerging technology-based businesses as they demonstrate the market potential of their innovations, making themselves attractive to investors and increasing in employees.
First announced at the White House launch of Startup America in January, i6 Green follows last year’s inaugural i6 Challenge, which focused on accelerating high-growth entrepreneurship in the United States. This year’s competition focuses on promoting Proof of Concept Centers methodologies, which support all aspects of the entrepreneurship process.