PowerBridgeNY is no longer accepting applications.
After being in operation since 2013, the PowerBridgeNY program will come to an end in September 2020 with its final cohort of Cycle 6 awardees issued in May 2019.
PowerBridgeNY was designed for scientists and entrepreneurs seeking to accelerate the commercialization of their cleantech. The accelerator helped technologists to determine product-market fit, de-risk their technologies by building early prototypes, and to validate their technology through customer and industry interactions. Teams received up to $150K to conduct 100 Customer Discovery interviews and develop a prototype or conduct in-field testing to move the technology closer to commercialization via a startup (preferable) or license. During the accelerator, teams participated in a series of workshop events and monthly check-ins using the NSF I-Corps/Lean LaunchPad Methodology to identify their initial business model and technical requirements for their minimum viable product. PowerBridgeNY also subsidized the cost of necessary services, provided industry Mentors, and arranged pro bono office hours with experts in law, finance, grant writing, and more. Learn more about the benefit the program has had for awardees below and through the PowerBridgeNY 5 Year Impact Report originally published in 2018 after the awarding of the Cycle 5 teams.
- 6 cycles administered
- 165 applications received
- 38 teams funded
- $4.6M in funding awarded by PowerBridgeNY to teams
- $40M awarded to teams in grants and investments from other sources after participating in PBNY
- Roughly 1/2 of the teams are still actively pursuing commercialization
It’s been great working with the whole team of PowerBridgeNY. The amount of learning and experience I have collected from the start of the program has been invaluable to me. I am very grateful to all the members of PBNY, mentors, judges, and Prof.Orlov to giving me this wonderful opportunity. Looking back, I can remember my first presentation for PB and I-corp Bootcamp over which I have significantly improved over the course of one year.
– Shrish Patel, Entrepreneurial Lead of Cycle 5 awardee SolarClear
Starting out with no entrepreneurial experience, PowerBridgeNY was invaluable in providing the guidance and steps needed to understand who our customers will be, what problems they have, and what value our technology can deliver to help solve those problems.
–Jeff Laut, Entrepreneurial Lead of Cycle 3 awardee Manifold Robotics
I hold [PowerBridgeNY] as the highest standard of Pitch Competitions. I really feel like [the PBNY administrators] all have nailed the application process, and I always point people to [them] as the example. The fact that [they] are continuing to learn and refine is also impressive. [They] all have done an excellent job.
– Blake Stevens, Associate Vice President, Head of Alexandria LaunchLabs – NYC