The Department of Energy announced on Wednesday its choice of three venture capital firms to send promising clean-tech entrepreneurs to collaborate with national laboratories.
The government's new Entrepreneur in Residence plan is designed to speed the development of the green technology sector.
"Government has to cultivate the conditions for these technologies to thrive," U.S. assistant secretary of energy Alexander Karsner told attendees of the Cleantech Forum in San Francisco. "We felt very strongly we had to build bridges over the commercialization valley of death."
The venture capitalists include Kleiner, Perkins, Caufield, and Byers to … Read more