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The Inventions and Innovation Program provides financial assistance at two levels: up to $40,000 or up to $200,000 -- depending on the stage of development -- for establishing technical performance and conducting early development of innovative ideas and inventions. Ideas that have a significant energy savings impact and future commercial market potential are chosen for financial support through a competitive solicitation process. In addition to financial assistance, this program offers technical guidance and commercialization support to successful applicants.
Inventions and Innovation Program grants are restricted to U.S. applicants, with special consideration provided to individual inventors and small businesses. This program is conducted as part of the mission of the Office of Energy Efficiency and Renewable Energy. Its mission is to develop and promote the adoption of cost-effective renewable energy and energy efficiency technologies within the building, industrial, transportation, and power sectors for the benefit of economic competitiveness, energy security, and environmental quality of the nation.
Projects within the focus of the Office of Industrial Technologies -- Agriculture, Aluminum, Chemicals, Forest Products, Glass, Metalcasting, Mining, Petroleum, and Steel -- will be provided special funding consideration.
See the OIT website for additional details including Inventors Assistance Source Directory to locate organizations that provide assistance to inventors and entrepreneurs.
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