U-Launch grants available to accelerate cutting-edge energy efficiency and renewable energy technologies

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With a $1 million award from the DOE, an alliance of clean tech organizations have formed U-Launch to enable cutting-edge energy efficiency and renewable energy technologies to progress out of university labs and into commercial development. U-Launch will provide grants and venture creation services up to $100,000 and also connect the university labs with incubators and experienced entrepreneurs. Applications are being accepted on a rolling basis with the first award announcements expected in early 2011.  New England-based U-Launch is one of five "innovation ecosystem" proposals funded by the DOE around the country.

Quick Take: We've fretted that today's brightest young innovators are busy building iPhone apps. Programs like this may help entice them into the smart grid industry.

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