The Startup Act Has Promising Implications for Clean Energy Innovation

March 20, 2012

Last December, U.S. Senators Jerry Moran (R-KS) and Mark Warner (D-VA) unveiled the Startup Act. At the time, Senator Warner described the bipartisan legislation as including “new tools that will renew the focus on tech startups and help unleash the next wave of American entrepreneurs.” Although the bill has slowly been making its way through committee, it received renewed media attention last week when Senator Moran went to the South by Southwest festival to drum-up support. Given the continued economic recession, it is not surprising that the Startup Act has thus far been mostly promoted as a potential job creator. Nevertheless, the bill actually has several provisions that would greatly benefit the national clean energy innovation agenda.