What does the stimulus package mean for the entrepreneur or new start-up in the clean technology field. Allan Yogasingam of the Green SupplyLine ponders that it could be awhile before any organizations see funds, if government practices haven't changed...
It seems like you can't pick up a newspaper, turn on CNN or surf to you favorite internet news page (hopefully this one or at least EETimes) without hearing about President Obama's "shot" to the proverbial economic "arm" that is the stimulus package that was passed by the Senate last week. With respect to clean technology, many provisions and funds were allotted to this growing and burgeoning field as the USA takes a renewed (apologies for the pun) approach to innovation by focusing their efforts in developing clean and green solutions for the energy situation and the reliance on fossil fuels.
Is it all good news though for the clean tech industry? Not necessarily. First, I'll preface this blog by establishing that I haven't taken the time to read the stimulus package in its entirety. That being stated, a recent article in Newsweek titled "When Not to Jump on the Stimulus Bandwagon" brought to light that if you're a start-up or an entrepreneur with a earth-changing idea, you might want to look to other options before taking a seat in line for government funds. Regardless of what part of the world you're in, everyone can agree on one thing.governments thrive on documents and red tape. Yes, the funds are there and available, but is your idea or struggling start-up going to have the time and patience to wait it out for government to cut you a check? Now again, I'm making this comment on grounds of previous experiences myself and others have had when it comes to getting money from government. Processes may be different with respect to the stimulus package and over the next few months, I intend to find out if they are. Hopefully, they aren't going to use the college loan process that I had to use 10 years ago as the backbone.
Over the next few weeks, the writers of EETimes and the Green SupplyLine will be taking an in-depth look at what the stimulus package means for engineers and designers. I, personally, will be coming at it from a "clean tech" point of view. Stay tuned!