The three agencies have teamed up to introduce yet another “innovation” competition (PDF)–in this case it’s to support “innovative ideas to drive technology commercialization and entrepreneurship.”

The 6 in i6 apparently refers to the six teams that will receive $1 million awards for their projects from the Economic Development Administration (EDA) and an additional $6 million that is set aside for related funding through the NIH and NSF Small Business Innovation Research (SBIR) program.

The deadline for applications to EDA’s part of the program is July 15, 2010. A conference call is scheduled for potential applicants on May 17th.

More information is available at EDA’s i6 site.