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PowerBridgeNY is a Collaborative Effort
Across Downstate Institutions, with $10 Million in Funding from NYSERDA
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Overview OBJECTIVE AWARDS SELECTION PROCESS ELIGIBILITY CRITERIA
To turn cleantech innovations from academic research labs into strong businesses in New York State OBJECTIVE AWARDS Validation Phase Up to $150K in tranche funded for technical proof-of-concept & business validation Support from Mentors & student teams Ignition Phase $50K for company launch & marketing Annual applications open October 1 and are due November 1 Pre-proposal > full proposal > pitch day External judging committee (VCs, industry, entrepreneurs) Based on commercial potential SELECTION PROCESS Cleantech Innovations Based on IP from one of the partner institutions Not for “basic research” Have identified an entrepreneurial lead (EL) ELIGIBILITY CRITERIA
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Guideline on “Eligible Technologies”*
CURRENTLY ELIGIBLE CURRENTLY NOT ELIGIBLE Transportation Fuel Production and/or Delivery Electricity Delivery, Management & Storage Energy Efficiency (Transportation, Buildings, etc.) Renewable Energy Generation Carbon Capture Sustainable Agriculture Water Efficiency Green Chemistry Waste/Pollution Remediation Nuclear Compressed Natural Gas & LNG Hydrofracking Clean Coal Technologies must have a cleantech application. Areas of interest include but are not limited to energy efficiency, renewable energy generation, carbon capture, sustainable agriculture, water efficiency, green chemistry and waste/pollution remediation. *Please if you are unsure of your eligibility.
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Other Eligibility Requirements
UNIVERSITY IP EL IDENTIFIED NO BASIC RESEARCH Invention Disclosure submitted before pre-proposal No patent application required Joint ownership w/another university is acceptable Entrepreneurial Lead Cannot be both TL & EL No business experience required Can be anyone Salaries for ELs not at the home institution are “subcontracts” Often EL = graduate student Lab prototype complete before application End result should be commercial prototype Ready to be sold to or tested by customers
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All judging is done externally by our diverse panel of Judges, which includes representatives from the government, industry, utilities and venture capital firms.
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Past & Current Judges Andrea Ruotolo Andrew Reid* Ben Sampson
*Returning for Cycle 5 Andrea Ruotolo Senior Research Associate NYS Smart Grid Consortium Andrew Reid* Senior Scientist Con Edison Ben Sampson GE Ventures Blake Stevens Vice President Harris & Harris Group Chris Cavanagh* Director National Grid David Cruikshank* Partner Arch Ventures David Dorsey Associate Osage University Partners David Wells Kleiner Perkins NY Edward Greer* Manager DOW Chemical Company Frank Martino VP, Operations Columbia University Facilities Jake Berlin Founder Rethink Energy Jean-Noel Poirier Managing Partner Inventic Performance Chemicals John Lee Analyst Josh Gould Utility of the Future Kristin Barbato VP, Customer Energy Solutions NYPA Margarett Jolly Director, R&D Mark Johnson Smart Cities Chief Schneider Electric Mike Shimazu Senior Advisor NYSERDA Parker White* Director, Commercial Real Estate Hannon Armstrong Rick Robertson Senior Director Serena Lee Project Manager Shirley Speakman Cycle Capital Steve Kloos True North Ventures Past & Current Judges
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Sample Evaluation Criteria
Include… Technical Feasibility and Benefits Commercial Potential Energy savings, amount of renewable energy produced, or amount of pollution avoided/cleaned Market need and size Competitive landscape Innovativeness of the proposed solution Demonstrated early-stage proof-of-principle Strength of intellectual property Ability to execute within available budget (indirect cost rate included) Feedback from mentor Qualifications of the team Commitment of the team
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We assign at least one Mentor per team
We assign at least one Mentor per team. In total, we have a roster of 100+ potential Mentors & Advisors who come from a variety of backgrounds and may have experience with startups, industry, investing and more.
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Average Application Numbers Weekly Web-Ex Check-ins: Oct-Dec
28 Pre- proposals 12 Full Proposals 9 Pitches 5 Full Awardees 1 Partial Awardee Application Process EARLY DEC Full proposal teams selected JAN 31 Bootcamp Finale (4-week) NOV 1 Pre-proposals due JAN 7-9 Bootcamp kicks off MAR 15 Proposals due APR 24 Pitch Day All activities done jointly EARLY APR Pitch teams selected FEB 25-26 Bootcamp Finale (8-week) MID MAY Projects begin NOV DEC JAN FEB MAR ARP Mentors & Advisors assigned Weekly Web-Ex Check-ins: Oct-Dec Mock Pitch Day Negotiate Milestones
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Our Methodology NSF Innovation Corps (I-Corps) Business Model Canvas
Way to find a viable business model for a startup Lectures and “skills labs” in combination with active customer discovery Focus on getting out of the building and conducting 100 customer interviews Bootcamp for applicants (optional, but strongly encouraged): 4 or 8 weeks starting in January In-person kickoff (2-3 days) and finale (2 days) with weekly meetings (~2 hours) in between Our Methodology Business Model Canvas Awardees required to update monthly Tool used to track learnings and frame project Completed BMC will serve as basis for investor pitch and business plan
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A Month in the Life EL spends 40-60 hours on the project
Conduct customer interviews Update & annotate BMC based on interviews Meet w/ PBNY to discuss progress Attend a Skills Lab or other required event Work with Mentor at least 4-5 hours Prepare quarterly reports & milestone deliverables
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Previous Successes $14.8M Additional Funding Raised
23 Prototypes Completed 17 Companies Incorporated 9 SBIR/STTR Awards 9 Pilots Initiated Previous Successes Yingchao (Alex) Yu Cornell University Lionano – Advanced Li-ion battery anode material with 3X capacity, 4X lifetime, 3X charging rate, reduced cost $1M Phase 2 SBIR award $9M Series A Alan West Columbia University Ironic Chemicals – chemicals and fuels from electricity and CO2 $500K DOE grant based on a pivot conducted under PBNY Saeed Jazebi NYU Polytechnic School of Engineering HIGHEST (HIGH Efficiency Shielded Toroidal) Transformers – helps distribution network operators save energy SBIR Phase 1 award Mariusz Bojarski NYU Polytechnic School of Engineering Resonant power inverters optimized for highly efficient wireless charging of electric vehicles Exclusively licensed to HEVO Power Jorge Gonzalez CUNY WeatherWatt – Weather-Driven Energy Forecasting System for Commercial Buildings and Energy Managers in Urban Areas Pilot test under way at one of the CUNY campuses Ron Tabbitas Stony Brook University mEAN Technologies - Higher Power Density PEM Fuel Cells Using Nanotechnology Completed third-party performance validation
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FAQ What do I have to do to apply?
File an invention report with your home institution’s tech transfer office Have a team member eligible to receive funding through the university Is there a bias towards short-term vs. long-term projects? No as long as milestones are met What does PowerBridgeNY expect in return for funding? No equity stake nor revenue share No impact on the IP ownership Can a team apply with more than one application? Yes, but if more than one pre-proposal is invited to submit a full proposal, the team must select only 1 project to submit What can I do to make my application better? Participate in I-Corps Get a head start on the customer discovery with the free “How to Build a Startup” course How can the funds be spent? 35% indirect cost rate No subcontracts in excess of 1/3 of the total budget Can be used for facility fees and services (PBNY will try to subsidize) Not intended for equipment >$25K Can lease large equipment All equipment purchased will be owned by the home institution Not intended for marketing materials (e.g. sales brochures, website) or legal fees (these are for Ignition Grant) What if a project is not selected as one of the final awardees? Can the team reapply? Yes, if feedback is addressed Where can I find more information? Application materials Process information FAQ
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Questions? Reach out at info@powerbridgeny.com
or contact your Campus Representative. Sign up to get program updates at Institution Campus Rep Campus Rep Tech Transfer Website Brookhaven National Laboratory Lee Cheatham City University of New York John Blaho Columbia University Satish Rao CornellTech Fernando Gomez-Baquero NYU Chris Snyder Oil.med.nyu.edu/faculty-students Stony Brook University Donna Tumminello
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Appendix: Cycle 1 Awardees
Genggeng Qi Cornell University Pilot production of high-efficiency sorbents for cost-effective carbon capture Yingchao (Alex) Yu Cornell University Advanced Li-ion battery anode material with 3X capacity, 4X lifetime, 3X charging rate, reduced cost Appendix: Cycle 1 Awardees Alan Lyons CUNY Antireflective superhydrophobic self-cleaning films: Reliable materials to increase efficiency of solar panels Mariusz Bojarski NYU Polytechnic School of Engineering Resonant power inverters optimized for highly efficient wireless charging of electric vehicles Saeed Jazebi NYU Polytechnic School of Engineering HIGHEST (HIGH Efficiency Shielded Toroidal) Transformers to help distribution network operators for saving energy Marc Diaz-Aguilo NYU Polytechnic School of Engineering Cable transient ampacity (C.TrAm) software to monitor temperature of electric cables Yiannis Andreopoulos CUNY Battery replacement module for HVAC sensors John Kymissis Columbia University PlugSTRATE: A low cost, wireless monitor for energy use analysis Roger Anderson Columbia University Using machine learning to reduce electricity lost in T&D of electricity for utilities, microgrids, and in buildings Kartik Chandran Columbia University Increasing energy efficiency of wastewater treatment facilities Lei Zuo Stony Brook University Vibration energy harvester to power trackside electrical railroad infrastructures more efficiently and inexpensively than incumbents Alan West Columbia University Chemicals and fuels from electricity and CO2
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Appendix: Cycle 2 Awardees
Ardavan Yazdanbakhsh CUNY Energy Efficient Recycling of Fiberglass Waste for Reuse in Construction Filip Mlekicki NYU Polytechnic School of Engineering Sensor Technology for Groundwater Monitoring Reducing Energy, Lowering Cost, Enhancing Data Quality Jorge Gonzalez CUNY Weather-Driven Energy Forecasting System for Commercial Buildings and Energy Managers in Urban Areas Ken Birnbaum NYU Polytechnic School of Engineering Evolving New Algal Strains to Reduce Production Costs in the Biofuel and Nutraceutical Industries Ron Tabbitas Stony Brook University Higher Power Density PEM Fuel Cells Using Nanotechnology
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Appendix: Cycle 3 Awardees Baris Kovan Devinder Mahajan Jeffrey Laut
NYU Tandon School of Engineering Harmonic Mitigating Power Transformer Devinder Mahajan Stony Brook University Catalytic Removal of Hydrogen Sulfide Contamination From Gases Jeffrey Laut NYU Tandon School of Engineering A Clean and Sustainable Robot for Aquatic Applications Nanfang Yu Columbia University Cool roof coatings that reduce production costs by 50% and AC costs by 20% Ray Sambrotto Columbia University Energy Efficient, Biologically Mediated Breakdown of Organic Pollutants
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Appendix: Cycle 4 Awardees
Chris Castro CUNY A dual-purpose wind/hydro turbine Mark Ebrahim CUNY High efficiency solar power pack for outdoors and off-grid renewable energy applications Onur Cakmak Columbia University Evaporation-driven generators for hydro-electric to increase electricity and water revenues Steven Skiena Stony Brook University Reducing energy and maintenance costs in rail freight transportation through video analysis and forecasting
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Appendix: Cycle 5 Awardees Battery Fingerprint Tech
NYU Tandon School of Engineering PI: Alexej Jerschow MRI-based technology that can diagnose a battery’s health without destroying the battery Brooklyn BioScience NYU Tandon School of Engineering PI: Jin Montclare An engineered enzyme that breaks down pesticides into products that can be easily removed with water LazarOn NYU Tandon School of Engineering PI: Nikhil Gupta Optic Sensors to detect abnormalities in Wind Turbines SolarClear Stony Brook Univrsity Self-cleaning technology that removes dust from Solar Panels Wind-Rider City University New York Robots that provide visual and contact-based inspection of Wind Turbines
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