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PowerBridgeNY is a Collaborative Effort Across Downstate Institutions, with $10 Million in Funding from NYSERDA.

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Presentation on theme: "PowerBridgeNY is a Collaborative Effort Across Downstate Institutions, with $10 Million in Funding from NYSERDA."— Presentation transcript:

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2 PowerBridgeNY is a Collaborative Effort Across Downstate Institutions, with $10 Million in Funding from NYSERDA

3 PROCESS OVERVIEW OBJECTIVE AWARDS SELECTION PROCESS
To turn cleantech innovations from academic research labs into strong businesses in New York State OBJECTIVE 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 AWARDS 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

4 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 that do not explicitly fall into the “eligible” category may still be eligible. Please if you have questions about your eligibility.

5 OTHER ELIGIBILITY REQUIREMENTS
University IP EL Identified Not Basic Research Invention Disclosure submitted before pre-proposal No patent application required Joint ownership with another university is acceptable Entrepreneurial Lead cannot be both EL & TL (Technical Lead) No business experience required Salaries for ELs not at the home institution are “subcontracts” EL is often a PhD/postdoc Lab prototype complete before application End result should be commercial prototype ready to be tested by customers in the field

6 All judging is done externally by our diverse panel of Judges, which includes representatives from the government, industry, utilities and venture capital firms. JUDGES

7 Past & Current Judges Andrea Ruotolo Andrew Reid* Ben Sampson
*Returning for Cycle 6 Andrea Ruotolo Senior Research Associate NYS Smart Grid Consortium Andrew Reid* Senior Scientist Con Edison Ben Sampson GE Ventures Blake Stevens Associate Vice President Alexandria LaunchLabs 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

8 SAMPLE EVALUATION CRITERIA
Technical Feasibility and Benefits Commercial Potential Energy savings, amount of renewable energy produced, or amount of pollution avoided/cleaned Demonstrated early-stage proof-of-principle Ability to execute within available budget (indirect cost rate included) solution Qualifications of the team Market need and size Competitive landscape Innovativeness of the proposal solution Strength of intellectual property Feedback from mentor Commitment of the team While both categories are important, the Judges tend to focus more on the commercial potential, as those are the aspects of a project that are not always immediately evident.

9 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. MENTORS

10 Weekly Web-Ex Check-ins: Oct-Dec
APPLICATION OVERVIEW EARLY DEC Full proposal teams selected FEB 25-26 Bootcamp Finale (8-week) EARLY APR Pitch teams selected MID MAY Projects begin Mentors & Advisors assigned Weekly Web-Ex Check-ins: Oct-Dec Negotiate Milestones Mock Pitch Day NOV 1 Pre-proposals due JAN 7-9 Bootcamp kicks off MAR 15 Proposals due APR 24 Pitch Day JAN 31 Finale (4-week) JAN FEB MAR ARP NOV

11 THE METHODOLOGY NSF Innovation Corps (I-Corps)
Way to quickly eliminate business models that will not work for a startup to narrow down to one that has strong potential Core element is customer discovery: speaking with actual potential customers and users in the marketplace to fully understand the needs of a customer before developing a solution to meet those needs Answers are not in the lab but out of the building! Weekly lectures on a business topic of the week to provide foundation for customer interviews PBNY Bootcamp will use this methodology 4 or 8 week options starting in early January In-person kickoff (3 days) and finale (1-2 days) with weekly video meetings (~2 hours) in between Business Model Canvas (BMC) Tool used to track learnings and frame business model Contains 9 boxes that each represent a key element of a business plan A completed BMC can serve as a basis for a pitch and business plan Teams will update weekly during the Bootcamp and monthly as awardees

12 A MONTH IN THE LIFE EL spends 40-60 hours on the project
Conduct customer interviews Update Business Model Canvas based on interviews Meet with PBNY to discuss progress Attend a Skills Lab Work with mentor 4-5 hours Work on milestone deliverables & quarterly report

13 $14.8M Additional Funding Raised 17 Companies Incorporated
PREVIOUS SUCCESSES $14.8M Additional Funding Raised 9 SBIR/STTR Awards 23 Prototypes Completed 9 Pilots Initiated 17 Companies Incorporated Allied Microbiota Columbia University Energy Efficient, Biologically Mediated Breakdown of Organic Pollutants $150K Phase 1 SBIR award Semifinalist in 76West Accepted into CEBIP incubator Mark Ebrahim CUNY High efficiency solar power pack for outdoors and off-grid renewable energy applications Completed in-field test Have first order submitted Lionano Cornell University Advanced Li-ion battery anode material with 3X capacity, 4X lifetime, 3X charging rate, reduced cost $1M Phase 2 SBIR award $9M Series A Manifold Robotics NYU Tandon School of Engineering A Clean and Sustainable Robot for Aquatic Applications Made first sale in 2018 Accepted into New Lab incubator

14 FREQUENTLY ASKED QUESTIONS
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

15 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

16 CYCLE 1 AWRDEES AdvancedH20 Grid Symphony ARL Designs
Columbia University PI: Kartik Chandran Increasing energy efficiency of wastewater treatment facilities Grid Symphony Columbia University PI: Roger Anderson Using machine learning to reduce electricity lost in T&D of electricity for utilities, microgrids, and in buildings ARL Designs CUNY PI: Alan Lyons Antireflective superhydrophobic self-cleaning films: Reliable materials to increase efficiency of solar panel HIGHEST Transformers NYU PI: Francisco de Leon HIGHEST (HIGH Efficiency Shielded Toroidal) Transformers to help distribution network operators for saving energy CYCLE 1 AWRDEES C.TrAm NYU PI: Francisco de Leon Cable transient ampacity (C.TrAm) software to monitor temperature of electric cables Ironic Chemicals Columbia University Pis: Alan West & Scott Banta Chemicals and fuels from electricity and CO2 DFM Power Corporation NYU PI: Dariusz Czarkowski Resonant power inverters optimized for highly efficient wireless charging of electric vehicles Lionano Cornell University PI: Hector Abruna Advanced Li-ion battery anode material with 3X capacity, 4X lifetime, 3X charging rate, reduced cost EcoNell Cornell University PI: Emmanuel Giannelis Pilot production of high-efficiency sorbents for cost-effective carbon capture NoEnergyWasted CUNY PI: Yiannis Andreopoulos Battery replacement module for HVAC sensors plugSTRATE Columbia University PI: John Kymissis PlugSTRATE: A low cost, wireless monitor for energy use analysis Energy Harvesting Technology Stony Brook University PI: Lei Zuo Vibration energy harvester to power trackside electrical railroad infrastructures more efficiently and inexpensively than incumbents

17 CYCLE 2 AWRDEES ChromoSense WeatherWatt EvoXL Yazdan Industries
NYU PI: Masoud Ghandehari Sensor Technology for Groundwater Monitoring Reducing Energy, Lowering Cost, Enhancing Data Quality WeatherWatt CUNY PI: Jorge Gonzalez Weather-Driven Energy Forecasting System for Commercial Buildings and Energy Managers in Urban Areas CYCLE 2 AWRDEES EvoXL NYU PI: Ken Birnbaum Evolving New Algal Strains to Reduce Production Costs in the Biofuel and Nutraceutical Industries Yazdan Industries CUNY PI: Ardavan Yazdanbakhsh Energy Efficient Recycling of Fiberglass Waste for Reuse in Construction MEAn Technology Stony Brook University PI: Miriam Rafailovich Higher Power Density PEM Fuel Cells Using Nanotechnolo

18 CYCLE 3 AWRDEES Allied Microbiota MetaRe Harmony Transformers NanoSulf
Columbia University PI: Ray Sambrotto Energy Efficient, Biologically Mediated Breakdown of Organic Pollutants CYCLE 3 AWRDEES MetaRe Columbia University PI: Nanfang Yu Cool roof coatings that reduce production costs by 50% and AC costs by 20% Harmony Transformers NYU PI: Francisco de Leon Harmonic Mitigating Power Transformer NanoSulf Stony Brook University PI: Devinder Mahajan Catalytic Removal of Hydrogen Sulfide Contamination From Gases Manifold Robotics NYU PI: Maurizio Porfiri A Clean and Sustainable Robot for Aquatic Applications

19 CYCLE 4 AWRDEES Railon StarWind Sun Hunter Solar-Hygro Technologies
Stony Brook University PI: Steve Skiena Monitoring safety and environmental compliance in rail freight transportation through video analysis and forecasting StarWind CUNY PI: Yiannis Andreopoulos StarWind is a dual-purpose wind/hydro turbine Sun Hunter CUNY PI: Yuhang Ren High efficiency solar power pack for outdoors and off-grid renewable energy applications Solar-Hygro Technologies Columbia University PI: Ozgur Sahin Evaporation-driven generators for hydro-electric to increase electricity and water revenues

20 CYCLE 5 AWRDEES Battery Fingerprint Tech SolarClear
NYU PI: Alexej Jerschow MRI-based technology that can diagnose a battery’s health without destroying the battery CYCLE 5 AWRDEES SolarClear Stony Brook University PI: Alexander Orlov Self-cleaning technology that removes dust from Solar Panels Brooklyn BioScience NYU PI: Jin Montclare An engineered enzyme that breaks down pesticides into products that can be easily removed with water. Wind-Rider CUNY PI: Jizhong Xiao Robots that provide visual and contact-based inspection of Wind Turbines LazarOn NYU PI: Nikhil Gupta Optic Sensors to detect abnormalities in Wind Turbines

21 IGNITION GRANT AWARDEES
Allied Microbiota Columbia University PI: Frana James Energy Efficient, Biologically Mediated Breakdown of Organic Pollutants IGNITION GRANT AWARDEES MetaRe Columbia University PI: April Tian Cool roof coatings that reduce production costs by 50% and AC costs by 20% CarbonSul Columbia University PI: Tim Kernan CarbonSul is a platform bioprocess technology that creates sustainable chemicals using oil and gas waste and byproducts. Manifold Robotics NYU PI: Jeff Laut A Clean and Sustainable Robot for Aquatic Applications Concertio Cornell Tech PI: Tomer Morad Concertio (formerly DatArcs) is cutting data center equipment expenditure and energy costs by making better use of existing hardware


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