Entrepreneurs Invited to Submit Energy Ideas

Presidential hopeful and New Mexico governor, Bill Richardson today solicited applications for the newly created Energy Innovation Fund as part of the Governor’s commitment to make New Mexico “The Clean Energy State.”

“The fund will accelerate the innovation and adoption of clean energy technologies in our state and ask New Mexico entrepreneurs to put forward their ideas,” said Governor Bill Richardson.

Under Governor Richardson’s leadership, New Mexico has already taken great strides in clean energy – requiring that at least 20% of electric utility power supply come from renewable sources by 2020, creating the Renewable Energy Transmission Authority (RETA), and providing tax credits for the use of alternative fuels.

The Energy Innovation Fund (EIF) created during New Mexico’s 2007 Legislative session, will help to accelerate the development of innovation to enable faster commercial adaptation of clean energy technologies in the state. This year, the focus of the EIF is biofuels and concentrating solar power.

Applications for funding must:
• Relate to achieving New Mexico goals in clean energy
• Be an innovative project
• Have the potential for a significant impact on New Mexico
• Include partnerships between private and public sectors, with at least one of the principals in the project being a New Mexico entity.

Applications for the New Mexico Energy Innovation Fund are now being accepted, through June 19, 2007. Project funding will be considered in the amount of $200,000 and above.

To download an application or for more information:
http://governor.state.nm.us/priorities-energy.php?mm=4

See the Source:
Office of New Mexico Governor Bill Richardson

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