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Friday, September 17, 2010

USA invests billions in new energy Research and VCs take manufacturing to China

US Secretary of Energy Steve Chu is concerned that the research funded by state might instead produce manufacturing efforts overseas while the US economy failed to capitalize on DOE’s investment. Billion dollar question "how to ensure that innovative research funded through entities like the new Advanced Research Projects Agency-Energy (ARPA-E) is taken up by venture capitalists and companies to effect economic transformation in the US".

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