In a previous post,
I wrote about the U.S. Department of Energy's (DOE) Energy Innovation
Portal, an online tech transfer tool designed to link energy
technologies developed by U.S. national laboratories and other research
institutions with potential licensing and commercialization partners.
Last month, Energy Secretary Steven Chu announced the "America's Next
Top Energy Innovator" challenge, a plan to encourage transfer of these
technologies by reducing the cost and simplifying the process for
obtaining an option agreement to license them.
In particular, DOE will establish a standard set of licensing terms
for startups to reduce the upfront time and cost of negotiating and
processing licenses and provide faster access to the technologies.
Starting on May 2, 2011, DOE will post its streamlined template
option agreement online for entrepreneurs to submit to the
laboratories. Applicants have to identify the technology of interest
and submit a business plan to be considered for the program.
From May 2 through December 15, 2011, the total upfront cost of
licensing DOE patents will be reduced to just $1,000 for a portfolio of
up to three patents. According to the DOE press release, this
represents a savings of $10,000-50,000 on average in upfront fees.
Other license terms, such as equity and royalties, will be negotiated
on a case by case basis and will kick in only if the licensee company
becomes commercially successful.
Any of the over 15,000 unlicensed patents and patent applications
held by the national laboratories will be available for licensing under
For more information on the program see the press release here, and for information on the available technologies see the Energy Innovation Portal.
View more from Green Patent Blog
For more information about LexisNexis products and
solutions connect with us through our corporate