This is an excerpt from EERE Network News, a weekly electronic newsletter.

September 21, 2011

Innovation Ecosystems Spur Rapid Growth for Startups, Entrepreneurs

Startups are engines of job creation. It is entrepreneurs in innovative fields like clean energy who will build the new industries of the 21st century. To accelerate high-growth entrepreneurship across the nation and move cutting-edge clean energy technologies from the lab to the marketplace, DOE launched the Innovation Ecosystem Initiative a year ago.

As part of this initiative, five projects led by universities and nonprofits in five distinct geographic regions across the United States were awarded a total of $5.3 million over three years to encourage rapid market penetration of innovative clean energy research and development activities. One of the selected projects leading the way is Clean Energy Trust. The Chicago-based nonprofit connects entrepreneurs, researchers, and early stage clean energy businesses across the Midwest with expertise and capital. See the Energy Blog post.