What is PowerBridgeNY?
With $10M in funding from the New York State Energy Research and Development Authority (NYSERDA), PowerBridgeNY’s mission is to turn cleantech innovations from the academic research labs of our six partner institutions into strong, cleantech businesses in New York State. PowerBridgeNY is two separate proof-of-concept centers (POCC), both funded by NYSERDA, collaborating as one entity. One POCC is led by Columbia University and includes Brookhaven National Laboratory, Cornell Tech, and Stony Brook University. The other POCC is led by the Tandon School of Engineering at New York University and includes the City University of New York.
The PowerBridgeNY program will come to an end in September 2020 with its final cohort of Cycle 6 awardees issued in May 2019.
PowerBridgeNY has three main initiatives:
The PowerBridgeNY accelerator is for scientists and entrepreneurs seeking to commercialize their cleantech inventions. The accelerator helps technologists determine product-market fit, de-risk their technologies by building early prototypes, and validate their technology through customer and industry interactions. Teams use awards of up to $150K to conduct 100 Customer Discovery interviews using the NSF I-Corps/Lean LaunchPad methodology and develop a prototype or conduct in-field testing. During the program, teams also attend a series of events designed to educate them on the basics of founding and operating a startup. Finally, teams receive access to industry mentors and subsidized essential startups resources, such as pitch coaching, SBIR/STTR consultants, lawyers, financial advisers, and more.
Hacking for Energy (H4E) is a graduate-level course that launched in Spring 2017 for students at Columbia University, NYU, and CUNY. Designed in the vein of Steve Blank’s Hacking for Defense course at Stanford, the purpose of H4E is to tap university talent, match them with real-world energy problems, and seed the next, best entrepreneurs in cleantech. H4E is a flipped classroom: graduate students working in interdisciplinary groups use the Lean LaunchPad entrepreneurship methodology to solve real energy challenges posed by large companies. At the end of the course during the 14 week semester. The students work closely with their Industry Host and speak with many other industry professionals to understand the context and importance of the problem before beginning to develop a solution. Learn more about Hacking for Energy on its website.
NYS Cleantech Venture Exchange (CVX) is a program to identify, match, and integrate business/executive talent in C-level roles with early stage cleantech companies. A critical aspect of commercializing technology is finding the right team members to bring technologies to market.
Contact us for an application, if you are a:
- New York State-based cleantech startup looking for a CEO or C-Level candidate
- Serial entrepreneur or experienced business professional interested in joining a cleantech startup