A program in New Hampshire between the state and its university has made $500,000 available for entrepreneurs who can capitalize on the creation of clean technology jobs, according to published reports.

Now in its second year, the Green Launching Pad joins University of New Hampshire with the New Hampshire Office of Energy and Planning is focused on creating energy-related jobs. The newly-available funding for green development was announced Monday.

"As we emerge from this recession, New Hampshire also has the opportunity to lead the nation in the development of the clean technology sector," UNH President Mark W. Huddleston told Foster's Daily Democrat. "This second round of Green Launching Pad funding for clean tech entrepreneurs supports this effort and speaks to the University of New Hampshire's commitment to working with the state and private business to grow jobs and stimulate economic development in New Hampshire."

The program's first year saw 71 companies apply for funding. Five of the companies that were selected for funding were from New Hampshire. The governor emphasized the importance of encouraging investment where the economic recession has had strong impact.

"The Green Launching Pad is one such investment, helping to nurture companies that are creating technologies of the future - technologies that will reduce pollution, reduce energy costs and grow the jobs of tomorrow," Governor John Lynch told the publication.