NEXUS-NY Blog


NEXUS-NY Portfolio Companies Raise Millions in Funding

NEXUS-NY portfolio companies continue to attract attention after graduating our clean energy proof-of-concept accelerator.

These clean energy companies have ventured on to raise millions in funding. We caught up with a few of our talented founders to get the latest on their successes.

Molecular Glasses closes $200,000 seed round; Wins 2nd grant from the Department of Energy for OLED testing 

2016 was a big year for Molecular Glasses Founder, Mike Molaire. His team moved into the Eastman Business Park and incorporated their business, which develops organic light-emitting diode (OLED) materials that work like semiconductors. These materials can be used to manufacture lower-cost and higher-performance TVs, smartphones, tablets and lighting devices.

While participating in the NEXUS-NY accelerator Mike began discussing funding opportunities with Rochester-based venture capital firm, Excell Partners. At the end of the program, executives at Excell expressed an interest in working with Molecular Glasses, and began the due diligence process.

Mike’s goal was to raise $400,000. With Excell’s investment requiring 50% matching from other investors, Mike first had to raise $200,000 from individual investors, friends and family. Excell recently started a new MWBE fund sponsored by NY state to support women and minority-owned businesses. Eligibility for that fund requires MWBE certification.

“With Excell’s assistance, we were able to complete this process successfully,” said Molaire. “At the end of December 2016 we secured a $100,000 match and were able to close on the first $200,000. We are now working toward closing the next $200,000 by the end of March. We have a $50,000 match already committed.”

Molecular Glasses will use its first round of seed funding to support patent activities and manage day-to-day operations. Currently, Molecular Glasses has five pending U.S. and twelve international patent applications. Mike says this is an important part of the company’s strategy.

“Our IP is very strong, and needs to be protected both nationally and internationally,” he added. Most of the people we are dealing with in this space are international companies from the far east, Europe, Japan and China. It’s important we maintain our patents.”

Last year Molecular Glasses was also awarded a grant from the Department of Energy, which helped the company fund its benchmark work. OLEDWorks in Rochester produced the 90 OLED devices under contract with the DOE. Mike says having his materials tested in a DOE certified laboratory provided credibility to the benchmark results, specifically 6 to 15x improvement in device lifetime.

“We took full advantage of this resource,” said Molaire. “We’re now working with OLED chemical suppliers, device manufacturers and independent nonprofit centers in Europe and Asia under nondisclosure agreements to continue this process.”

Mike continues to explore various grant options that will assist in the development of the technology. He says it will be exciting to supply these companies with samples so they can conduct their own tests using his materials. Mike believes this process to will be completed within the next 3-4 months.

American Fuel Cell Closes First Seed Round

Together with the support of High Tech Rochester, Excell Partners and independent investors from the Finger Lakes region, American Fuel Cell has closed its first seed round.

American Fuel Cell (AFC) is a premier supplier of individually tailored Membrane electrode Assemblies (MEA) for multiple Fuel Cell Applications. Through uniquely tailored chemical formulations, system level optimization expertise and high speed, thin film manufacturing machinery, AFC is producing high quality, low cost MEAs specific to any fuel cell application.

AFC Cofounder and CEO Dan O’Connell says the seed funding will be used to bring on additional resources and gear up for volume production. This includes acquiring new capital assets and purchase of raw materials. AFC is also looking for Process and Quality engineering talent, as well as those skilled at final assembly.

“The support American Fuel Cell is getting from the area is amazing. Between High Tech Rochester, Excell Partners, Greater Rochester Enterprise, NYSERDA, M&T Bank, Pathstone, SUNY Alfred State and RIT, we’re leveraging academia, industry, and state resources to expand our industry connections and take huge strides in extending our testing capability,” said O’Connell. “We consider ourselves very fortunate to be tapped into the local startup scene and bringing R&D/Manufacturing jobs back to NY state.”

In addition to closing this seed round, AFC has numerous funding opportunities in the pipeline that will accelerate research into the next generation MEA technology.

Ecolectro wins $150,000 with the Grants for Growth initiative 

Gabriel Rodriguez-Calero first heard about Grants for Growth from the Cornell network. As a co-Founder and CEO of Ecolectro, his mission is to advance his business by putting Ecolectro’s materials into the hands of customers early on in the material design process.

“Before applying to a funding source, I like to learn more about the objectives of each program,” explained Rodriguez-Calero. “If there are milestones associated with the program, if the funds can be used for manufacturing and business development, and how the funding can help Ecolectro reach more clients and potential customers.”

Gabriel says Grants for Growth was a perfect fit for what he’s aiming to accomplish. Ecolectro has developed structurally robust and highly conductive polymer membranes for a large range of applications, including hydrogen generators and fuel cell systems. Having already received $12,500 from the Grants for Growth program, Ecolectro was able to do material characterization and better understand the physical properties of their materials. The research also allowed the Ecolectro team to fine tune their value proposition for potential clients. Ecolectro has now moved on to Track 2 of the Grants for Growth program.

“We get a certain amount first, and as we hit milestones we unlock additional amounts of funding,” added Rodriguez-Calero.

In 2017, Ecolectro is busy making materials and doing evaluation work with customers, as well as reaching out to more clients. This process involves talking to clients and finding more potential synergy with system integrators that can use Ecolecto’s materials in their devices.

Ecolectro has recently opened an investment round. The team remains busy shipping samples and working through collaborative efforts with customers. Gabriel says Ecolectro is receiving a lot of customer interest.

“I love doing this. It’s pretty great,” he said. “I came to the university (Cornell) to work on things that had applications beyond pure research. That’s exactly what we are doing at Ecolectro!”

Other NEXUS-NY portfolio companies making big strides include:

  • Lionano recently closed its Series A;
  • Micatu won $1 million in the 76West Clean Competition, and ChromaNanoTech received a $250,000 prize;
  • Conamix received seed funding from Excell Partners, with the help of High Tech Rochester;
  • AMBIS Technologies partnered with CASE-RPI and the Mmofra Foundation in Ghana for a pilot testbed project;
  • And Dimensional Energy took home first place at Columbia University’s Energy Symposium 2017 Venture Showcase

Since the start of our clean energy accelerator, NEXUS-NY has worked with 30 participants, engagements from which 18 startup companies have been formed. With our help, numerous university licenses have been received, and each of the NEXUS-NY portfolio companies have completed, or are in the process of completing, successful pilot/customer evaluations.

We’re now working with 9 new NEXUS-NY portfolio companies in our 2017 cohort. Here’s a look at the next generation clean energy talent from across New York.

Stay updated on clean energy news, events and funding opportunities. Sign up for NEXUS-NY newsletters. You can also follow us on Twitter and LinkedIN.

9 New Clean Energy Technologies Chosen to Power the Next Generation

Meet the 2017 NEXUS-NY Research Teams

NEXUS-NY’s proof-of-concept accelerator is ready for another year of helping to catalyze the commercialization of research-derived clean energy technologies. After months of meetings at colleges and universities across NYS, the NEXUS-NY team has selected 9 rockstar clean energy innovations that have major potential to power innovation, and fuel the future.

Here’s your first look at the promising early-stage clean energy technologies NEXUS-NY will invest in, and mentor in 2017.

Active Energy Storage (Cornell) – Thermomechanical energy storage
AES technology intelligently manages different sources of thermal energy to inexpensively store electricity. This helps incorporate renewable resources into the power grid. Diurnal temperature swings can further enhance storage efficiency when storing electricity as thermal energy. AES technology represents a step forward over conventional pumped-heat electricity storage units.

Levon Atoyan | NEXUS-NY ResearcherEntrepreneur Lead: Levon Atoyan
Graduate Research Assistant and PhD candidate of Electrical, Computer Engineering at Cornell University. He is a participant in Technology Entrepreneurship at Cornell. Levon received a Bachelor of Engineering from McGill University. Publications include: Helical Plasma Striations in Liners in the Presence of an External Axial Magnetic Field and Early time studies of cylindrical liner implosions at 1 MA on COBRA.

Mitchell Ishmael | 2017 NEXUS-NY ResearcherTechnical Lead: Mitchell Ishmael
Tester Lab Research Assistant and PhD candidate of Materials Sciences & Engineering, Thermodynamics & Energy Storage at Cornell University. Mitchell is a recipient of a Commercialization Fellowship. He received a Bachelor of Engineering from Rose-Hulman Institute of Technology in Chemical Engineering. He’s interested in understanding heat capacity of fluid mixtures under supercritical conditions.

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Alta Films (formerly CQuest Partners LLC) (Clarkson) – Carbon nanosheets for energy storage
Alta Films is commercializing the next-generation, renewable energy storage technology for supercapacitors, lithium-ion batteries and beyond. Alta Films holds several of Dr. Mitlin’s patents related to producing a unique graphene-like carbon nanosheet material from low cost agricultural products.

David Hessler | 2017 NEXUS-NY ResearcherEntrepreneur Lead: David Hessler
Numerous consulting assignments including Innovation Advisor, and EIR with the NYS Energy Research & Development Authority (NYSERDA); Business Advisor with MicroGen Systems; Board Member with the Reh Center for Entrepreneurship at Clarkson University; and Advisory Board Member with the iCLEAN Incubator. David received an MBA and MSE from the University of Michigan, and a BSME from Clarkson University.

Dr, David Mitlin | 2017 NEXUS-NY ResearcherTechnical Lead: Dr. David Mitlin
Professor and GE Chair in Oil and Gas Systems at Clarkson University jointly in the Departments of Chemical/Biomolecular and Mechanical Engineering. He has published over 130 peer-reviewed journal articles and presented over 80 keynote talks. David holds 3 U.S. patents, is an Editor for the Journal of Materials Science and serves on the Board of Review for Metallurgical and Materials Transactions. PhD from Berkeley.
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FirePower (Syracuse) – Flame-assisted fuel cells for micro-CHP
FirePower seeks to create cleaner combustion through the combined use of fuel cell and combustion theory and technology by reducing the formation of nitrogen oxides (NOx) in combustion processes. The concept utilizes a two-stage combustor, also known as a rich-burn, quick-mix, lean-burn or RQL combustor, with a fuel cell integrated between the fuel-rich and fuel-lean combustion zones. This flame-assisted fuel cell generates electrochemical power at high efficiency, as well as heat for a range of applications including combined cycles, space heating, and jet engines.

Ryan Milcarek | 2017 NEXUS-NY ResearcherEntrepreneur Lead: Ryan Milcarek
Lab Manager at the Combustion and Energy Research Laboratory, and PhD candidate of Mechanical and Aerospace Engineering Syracuse University. Ryan earned a Graduate Research Fellowship from the National Science Foundation and an ASHRAE Graduate Grant-In-Aid, Life Member Club designation. His various publications include Micro-tubular Flame-assisted Fuel Cell Stacks.

Dr. Jeongmin Ahn | 2017 NEXUS-NY ResearcherTechnical Lead: Dr. Jeongmin Ahn
Associate Professor of Mechanical and Aerospace Engineering at Syracuse University, and affiliated with the Combustion and Energy Research Laboratory (COMER). Jeongmin’s current research includes Solid Oxide Fuel Cells (SOFCs). He was elected as Fellow of ASME, and received the Sustainable Aviation Research Society Science Award. He has nearly 200 publications.

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LuX (SUNY Poly) – Thin film crystallization for PV
LuX is developing and commercializing technology to provide highly crystalline, roll-to-roll semiconductor films for photovoltaic and LED industries. This exciting platform technology is adaptable to a range of valuable materials and will disrupt the typical tradeoffs of cost and quality for high throughput manufacturing.

Graeme Housser | 2017 NEXUS-NY ResearcherEntrepreneur Lead: Graeme Housser
PhD candidate at SUNY Polytechnic Institute’s Colleges of Nanoscale Science and Engineering. Graeme is also a Graduate Student Intern at U.S. Photovoltaic Manufacturing Consortium (PVMC). Prior to this, he was a Site Engineer at Suncor Energy. His several publications include Demonstration of PV Modules with Lightweight Mounting Systems on Commercial Rooftops.

 

Technical Lead: Shane McMahon
Phd Candidate and Research Assistant at SUNY Polytechnic Institute’s Colleges of Nanoscale Science and Engineering. Shane received the Presidential Scholar Honorary Alumni Speaker award at Siena College (2016) and a $500,000 NYSERDA Bench to Prototype Grant (2015). Shane’s publications include Textured (111) Crystalline Silicon Thin Film Growth on Flexible Glass by E-beam Evaporation.

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MicroEra Power (RIT Venture Creations) – Combined SOFC/IC engine system for distributed power generation
MicroEra Power is developing a highly efficient Enhanced Generator System, combining a natural gas engine and solid oxide fuel cell (SOFC). MicroEra Power envisions an energy management platform to provide backup power generation, peak-shaving, Demand Response, and the efficiency benefits of combined heat and power (CHP), and combined heat and cooling power (CHCP).

Eleanor Rusling | 2017 NEXUS-NY ResearchersEntrepreneur Lead: Eleanor “Ellie” Rusling
CEO of MicroEra Power, housed in RIT’s Venture Creations Incubator. Board Member of Highland Hospital Foundation, Secretary of AHEAD Energy, 501c3 and Exec. Director of their Clean Energy Commercialization Center. As an experienced entrepreneur, Ellie has skills in technologies to market, grant writing, and investor relations. BA from Smith College and MS from the University of Rochester.

James Grieve | 2017 NEXUS-NY ResearcherTechnical Lead: M. James Grieve
CTO of MicroEra Power and Chairman of AHEAD Energy, 501c3. He is also a Board Member of the NH3 Fuel Association. James was a Chief Scientist for Delphi Corporation, and a Powertrain Systems Engineer for General Motors. He has 30 years of automotive engineering experience with emission controls, engine management systems, solid oxide fuel cells (SOFC), hybrid vehicles and alternative fuels. James received his MBA from IESE Business School. He is named on over 40 patents.

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Printed Solar (RIT) – Solution Processed Solar Cells
Printed Solar is developing a fully solution processed photovoltaic device that can be scalably manufactured using roll-to-roll techniques. Their solar cells outperform silicon in low light, enabling them to provide sufficient energy for low power electronic devices in ambient conditions.

Dmitry Liapitch | 2017 NEXUS-NY ResearcherEntrepreneur Lead: Dmitry Liapitch
Dmitry received a Master of Engineering from the Rochester Institute of Technology. He is now pursuing a Master of Science from the Golisano Institute for Sustainability. Dmitry is also a professional Physics tutor and a former Research Fellow with the National Wildlife Federation. He was a finalist in RIT’s Tiger Tank in 2016 for his proposal on WoW Energy Systems.

 

James Sinka | 2017 NEXUS-NY ResearcherTechnical Lead: James Sinka
James is a materials scientist and entrepreneur specializing in perovskite photovoltaics with deep interests in sensing technology. He is pursuing a Bachelor’s Degree in Chemistry from the Rochester Institute of Technology. Projects include The Characterization of Novel Donor Materials for OPV by Cyclic Voltammetry, which reveals the electric potentials at which an analyte is oxidized and reduced.

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SelfArray (RPI) – Directed self-assembly tech for LED & PV
SelfArray is an SBIR Phase I startup spun our of research conducted within LESA at RPI. SelfArray’s directed self-assembly (DSA) manufacturing technology uses magnetic levitation and vibration to rapidly arrange massive numbers of LED chips into a pixel-array for display applications. The company’s DSA technology differs fundamentally from both the widely accepted pick-and-place and the emerging transfer printing/stamping manufacturing methods, overcoming many issues associated with those technologies. DSA’s approach enables scalable, fast, and accurate self-assembly of micro-scale LEDs arrays at low capital and labor cost for the manufacturing of energy efficient LED direct view displays.

Mark Durniak | 2017 NEXUS-NY ResearcherEntrepreneur Lead: Dr. Mark T. Durniak
PhD in Materials Science and Engineering at RPI. As a Sandia National Laboratory Excellence in Engineering Research Fellow at RPI, Mark was first to grow and achieve green luminescence from cubic GaN/GaInN. Published in Compound Semiconductor Magazine and Advanced Electronic Materials. He now focuses on characterizing magnetic directed-self-assembly of mm-scale LED chips for display and lighting applications.

Clinton Ballinger | 2017 NEXUS-NY ResearcherTechnical Lead: Clinton Ballinger
Clint is an Executive Entrepreneur in Residence at Rensselaer Polytechnic Institute where he teaches and leads an NSF-funded I-Site program. He’s also an EIR with IgniteU NY, Strategic Advisor for Buzz Media Solutions and CEO of Evident Thermoelectrics. Prior to this, Clint was an Adjunct Professor at RPI and a Senior Scientist at Lockheed Martin. He received a PhD in Nuclear Engineering from the University of Michigan.
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Suny Clean Water (UB) – Solar powered water purification
Suny Clean Water has developed an inexpensive solar sill that uses sunlight to purify dirty water up to four times faster than current commercial versions. Research shows this process is 88% efficient at channeling the energy in sunlight into evaporating water. The technology will allow people to generate their own drinking water much like they generate their own power using rooftop solar panels.

Matthew Singer | 2017 NEXUS-NY ResearcherEntrepreneur Lead: Matthew Singer
Matthew is pursuing a PhD in Electrical Engineering from the University at Buffalo Graduate School. He has held engineering internships at Siemens and Crestron Electronics. Matt has also participated in GRoW Home at UB, which is part of the U.S. Department of Energy Solar Decathlon, an international competition with the goal of educating the public about energy-saving residential designs.

Chenyu Li | 2017 NEXUS-NY ResearcherTechnical Lead: Chenyu Li
Former Research Assistant with the Nano-optics and Biophotonics Lab at University of Buffalo and the Quantum-Dot Materials and Devices Research Group at Tianjin University. Master of Science in Electrical Engineering from the State University of New York at Buffalo. Chenyu’s projects include fabricating plasmonic super solar light absorber, building surface plasmon resonance detector and fabricating quantum dots anode.

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Tacus Technologies (Cornell) – Energy harvesting solutions
Tacus Technologies has developed a piezoelectrically powered RF Transponder that leverages a 3D-printed plastic structure to achieve low frequency sensitivity and a broadband response. By using a mechanical switching mechanism for transmission, Tacus has eliminated the use of traditional CMOS IC’s and achieved a zero-power sleep state. Tacus seeks to commercialize the technology in remote areas where there is no power readily available or in environments where replacing batteries for wireless nodes is too costly.

Entrepreneur Lead: Donald McCullough
Former Entrepreneurial Lead with the NYCRIN I-Corps Regional Cohort. Don graduated from the ILR School at Cornell University in 2015 and Wake Forest University School of Business in 2016 with a MA in Management. While at Wake Forest, he served as a graduate consultant for Cigna Healthcare and Vulcan Materials. Don was also a Student Ambassador, and a member of the Beta Gamma Sigma International Honor Society.

Sahil Gupta | 2017 NEXUS-NY ResearcherTechnical Lead: Sahil Gupta
Former Entrepreneurial Lead with NYCRIN I-Corps Region Cohort, Graduate Research Assistant with SonicMEMS Laboratory at Cornell, and Engineer for Boeing. Sahil received a Master of Engineering from Cornell, and placed first in the Hilton Head MEMS Shark-Pup Tank Entrepreneurship Competition. Publications include Vibration powered RF-Transponder for Sensing Low Frequency Motion Events.

 

In Phase I of the NEXUS-NY accelerator, each team will now work with world class mentors and industry experts to identify market opportunities for their clean energy technologies, including developing comprehensive business plans and conducting customer discovery.

We’re excited to continue assisting these entrepreneurs and scientists propel their amazing technologies forward. Join us by signing up for NEXUS-NY newsletters. We’ll release updates on the teams, and more details on events leading up to Demo Days in Rochester, NY and New York City.

Overcoming Hurdles On the Track of a Clean Energy Future

Survey of top 25 U.S. research universities uncovers missing links in technology transfer process

With $70 billion spent and approximately half of U.S. basic and applied research taking place at US research universities, one might guess that the inventors and founders have the necessary resources to succeed. But a recent survey conducted by NEXUS-NY’s clean energy proof-of-concept center reveals that this is not the case.

“We surveyed the top 25 research universities in the U.S. and found there is limited to no available proof-of-concept funding, a lack of business and entrepreneurial expertise, and poor understanding of customer-solution fit,” says Doug Buerkle, Executive Director of NEXUS-NY.

By answering if the technology can be translated into a product that solves a compelling problem, proving the technology works, and helping companies acquire a customer base to validate business interest, NEXUS-NY aims to help scientific founders overcome these hurdles.

“We’ve found it doesn’t take a lot of money to move the needle for a given tech when it accompanies the structure and support provided by NEXUS-NY. People are the key, and customer engagement can’t start too early. But it can be harmful if done improperly,” added Buerkle.

For the past three years NEXUS-NY has been focused on providing the money and resources to catalyze the commercialization of clean energy innovations discovered by New York researchers. In that time, the clean energy seed accelerator has helped form 18 companies; half of which have gone on to raise $16.4 million in additional funding. Four NEXUS-NY graduates have also achieved some initial customer revenue.

3 NEXUS-NY graduates speak about the obstacles of research-derived tech transfer in Upstate NY

During a panel discussion hosted by the Inaugural Licensing Executives Society (LES) Western New York Chapter, three cofounders of NEXUS-NY portfolio companies shared the unique challenges associated with commercializing research-derived innovations. The discussion included how these founders have pushed forward, and explored suggestions as to how regional communities can work more effectively to overcome existing hurdles.

Be transparent throughout the university tech transfer process

Dr. Ryne Raffaelle is the VP of Research at the Rochester Institute of Technology and cofounder of Cellec Technologies.

Cellec Technologies uses patented carbon nanotube (CNT) technologies to increase the performance of high-end lithium ion batteries by 40% for defense and intelligence applications.

Given his position as VP of Research with RIT, spinning out a company that he would be associated with would probably set a new record in terms of possible of conflict of interests.

A core challenge for us was Cellec’s collaboration with RIT’s Battery Prototyping Center. Although this state funded center exists to support the emerging battery industry, it falls within my organizational responsibilities at the university. There was only one way to avoid conflict of interest – tell everyone, and make sure there is plenty of independent oversight,” says Dr. Raffaelle.

In addition to startup founders working with their university, Ryne also suggests working together as a region. RIT has been an NSF I-Corps site for many years, having recently teamed up with Cornell and the University of Rochester on a successful NSF I-Corps node proposal. This new node will provide another resource for scientists who hope to develop technologies, products and processes that benefit society. Ryne believes getting involved with collaborative programs like I-Corps is a great way to harness resources from outside a founder’s university and learn from others.

Universities can help the transition by waiting for profitability

Dr. Jon Owejan is an Assistant Professor of Mechanical Engineering at SUNY Alfred State and the cofounder of Phase Innovations.

Phase Innovations is developing a low-cost, advanced air conditioning system without chemical refrigerants, and which uses less energy than conventional systems.

Jon feels, to help catalyze commercialization of research startups, universities should treat tech transfer as licensing agreements that don’t kick in until the company is making money.

“Inventors of research-based technology are highly trained individuals. They could go elsewhere and make significant salaries. Instead they are committed to building something, and that commitment should be valued as part of a partnership with the universities,” says Dr. Owejan.

Jon recognizes that universities are not nonprofits, and just as they charge other companies and government agencies to use their facilities, founders should be prepared to negotiate a percentage of their business as part of this process.

Funding people is the key to moving technology forward

Dr. Gabriel Rodríguez-Calero is the cofounder of Ecolectro, a polymer company derived from Cornell University.

Ecolectro has developed structurally robust and highly conductive polymer membranes for a range of applications, including electrolysis and fuel cell systems, which are produced for less cost and promise double durability.

After finishing his PhD, Gabriel decided to start a company based on a polymer technology developed at the Energy Materials Center at Cornell University. During this time he began postdoc research at a half time capacity, until he realized the full scope of challenges in growing a business.

“I needed to be full time to find ways to move the business quickly, and to find a ready supply of resources. This includes having the necessary funds to produce enough product samples to meet market demands and pay partners – but even so, these funds are often available for technology development, not for people,” says Dr. Rodríguez-Calero.

Nasir Ali is the cofounder of nonprofit Upstate Venture Connect and an angel investor with the Seed Capital Fund of CNY. He says while certain grants may only focus on funding the technology, venture capitalists and investors will fund an inventor’s salary because they are investing in people. “What percentage of your raise goes into having a roof over a founder’s head is directly related to being able to develop the product to the next level,” says Ali.

NEXUS-NY prepares for another year of taking university research to market

Interviews are being conducted for NEXUS-NY’s 2017 Cohort, and participants will be announced soon. Sign up for NEXUS-NY newsletters to stay informed on the latest clean energy technologies in Upstate NY, solving big problems for real customers.

Two NEXUS-NY Graduates Win 76West Clean Energy Competition

Micatu Inc (NEXUS-NY Cohort 1) received the $1 million grand prize in the 76West Clean Energy Competition. Six winners out of 175 applicants were awarded funding to help develop clean energy technologies, grow their businesses, create jobs and advance New York’s clean energy economy.

Micatu makes an optical sensor that gives highly accurate voltage readings so utilities can reduce energy use, thereby reducing greenhouse gas emissions. CEO Michael Oshetski says this is a win for the entire region as Micatu plans to create more high-paying jobs for Upstate NY.
ChromaNanoTech Wins 76West Clean Energy CompetitionChromaNanoTech (NEXUS-NY Cohort 2) was awarded a $250,000 prize. Based in Binghamton, NY with research derived from Binghamton University, ChromaNanoTech produces a dye that keeps windows transparent, but blocks ultraviolet radiation so buildings stay cooler and air conditioning loads are reduced. Dr. Bill Bernier accepted the prize on behalf of his team.

Other clean energy startups who won prizes include Charge CCV (C4V), Besstech, DatArcs and Global Thermostat.

Applications for 76West Round 2 are open. The deadline to apply is March 13, 2017.