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White House Offers $1 Million Innovation Prize

The U.S. Department of Commerce's i6 Challenge gives innovative thinkers the chance to win up to $1 million in prize money. The government wants to find better ways to commercialize new technology.

"How well America moves ideas out of the research lab and into the marketplace will help determine whether we remain the most competitive and vibrant economy in the world," says Secretary of Commerce Gary Locke. "And we want to hear the best ideas from entrepreneurs, investors, universities, foundations, and nonprofits across America."

The i6 Challenge is part of the Obama administration's Strategy for American Innovation, which encourages government agencies to use prizes, challenges, and awards to help spur the competitiveness of U.S. industry. Six winners will be chosen, and could have an opportunity to work with National Institutes of Health and National Science Foundation Small Business Innovation Research program grantees.

Applications must be submitted to the Department of Commerce by July 15.

From Information Week
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Abstracts Copyright © 2010 Information Inc., Bethesda, Maryland, USA


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