Green Innovations

Developing renewable and clean technology companies in New York

Tuesday, June 15, 2010

NYSERDA clean energy incubators convene

NYSERDA and Polytechnic Institute of New York University (NYU-Poly) recently hosted clean energy companies from across New York State for a day-long forum showcasing cutting-edge work that is developing new products and services to improve energy efficiency.  Six NYSERDA-funded clean energy business incubators also gave progress reports.

The goal of the forum was to provide a venue for entrepreneurs, investors and service providers to hear from clean-energy companies including startups and established companies with high growth potential. Technologies covered included power generation, biomass, solar photovoltaics, wind energy, energy efficiency, transportation, and energy conversion and storage.

NYSERDA President and CEO Francis J. Murray said, “This forum demonstrates New York’s leadership in the critically important field of energy efficiency technologies.  NYSERDA’s partnerships with these innovative companies will help these companies grow, create jobs, and develop the next generation of technologies to address our energy challenges of the future.”

Over the past three years, NYSERDA has allocated nearly $30 million to help clean energy and energy efficiency product manufactures and early-stage clean energy companies.  Included in this funding is $20 million to help companies increase their access to new markets, solidify business plans, raise capital and build their business infrastructure, and $9 million to establish clean energy business incubators throughout the state.

The NYSERDA-funded business incubators are located at the University at Buffalo, Rochester Institute of Technology, Tech Garden in Syracuse, College of Nanoscale Science and Engineering at the University at Albany, Stony Brook University (Long Island), and NYU-Poly.  These incubators are helping emerging clean energy technology companies and entrepreneurs through incubation, acceleration, and retention with the goal of creating new business and increased employment opportunities in the growing clean energy economy. 

NYSERDA’s clean energy business growth and acceleration opportunities encompass both direct support of clean energy companies and maintaining an infrastructure to foster entrepreneurship and growth. Direct funding programs include Manufacturing Incentives, Clean Energy Business Growth and Development, and a product commercialization pilot program. 

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