Green Innovations

Developing renewable and clean technology companies in New York

Thursday, September 10, 2009

NYSERDA awards $1.5 million to create The Clean Tech Center

NYSERDA Awards $1.5 million to Clean Tech Center to Establish Clean Energy Business Incubator Program

The Clean Tech Center and The Tech Garden hosted The New York State Energy Research and Development Authority (NYSERDA) for a recent press conference to announce an award of $1.5 million to establish a Center for Clean Tech Entrepreneurship. The grant will fund a clean energy business incubator program that will provide business support to accelerate the successful development of early-stage, clean energy technology companies in Central Upstate New York.

Francis J. Murray, Jr., President and CEO of NYSERDA, made the award and discussed NYSERDA’s goal of fostering innovative clean energy companies and growing the clean energy industry in New York.

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The Center for Clean Tech Entrepreneurship is a NYSERDA-funded initiative based at The Tech Garden in Syracuse, NY. The Clean Tech Center is a coalition of education-industry-investor partners who work with entrepreneurs and early stage companies to provide business development and technology expertise. Specifically, the Clean Tech Center is focused on developing emerging businesses and commercializing technologies in the following sectors: Renewable Energy (Biomass, Geothermal, Hydro, Solar, Solar Thermal, Wave, Wind); Alternative Fuels (Biofuels, Biodiesel, Synfuels, Clean Fuels); System Integration (Distributed Generation / On-Site Power, Energy Storage, Enabling Transmission, Power Systems Simulation, Smart Grid Technologies); Transportation (Electric Vehicles , Fuel Cells , Hybrid Electric , Hydrogen, Advanced Battery Technologies); Buildings & Construction Technologies (Energy Efficient Construction Materials, HVAC, Lighting, Efficient Appliances, Energy Supply & Storage).

The Tech Garden serves high-technology entrepreneurs across Central Upstate New York, offering mentoring and support services in an award-winning 33,000 sq. ft. incubation facility in downtown Syracuse. It is also home to the Seed Capital Fund of CNY, an organization which assists start-ups by providing early-stage funding and investor management support.