Tag: BioEnergySP


NEXUS-NY 2016 Demo Day

7 Clean Energy Startups Changing the World

To date, NEXUS-NY has helped launch 15 startup companies. Eight graduates have gone on to raise more than $6.5MM, and four have generated initial customer revenue.

Interested commercializing your clean energy technology? Apply to NEXUS-NY.

Now meet the graduates of the 2016 Cohort of NEXUS-NY. Each presented at our annual Demo Day in Rochester, NY after completed the NEXUS-NY clean energy seed accelerator program.

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

Ducted Turbines International (Clarkson University)
DTI is a wind turbine company working to provide the lowest cost per kWh in the small turbine market (<10kW).

MIMiC (RPI)
The Rensselaer Polytechnic Institute is developing modular, switchable heating and cooling systems that reduce building energy consumption, while increasing occupant comfort.

Dimensional Energy (Cornell University)
Dimensional Energy is breaking new ground in artificial photosynthesis by converting waste carbon dioxide into green fuels using only sunlight as an energy source.

NanoHydro (SUNY Buffalo)
NanoHydro has developed a novel, proprietary nanomaterial capable of generating hydrogen gas from water, on demand and at room temperature.

BioEnergySP
BioEnergySP is working to commercialize its patent pending industrial equipment for wastewater treatment. Its Electroactive Attached Growth (EAG) modules save energy and expand treatment capacity for municipal and energy customers.

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

About NEXUS-NY
NEXUS-NY is a clean energy seed accelerator. Each year we provide financial, business and educational support to around 10 entrepreneurial teams, which are selected through a competitive application process. Program participants are eligible to receive $50,000 or more of equity-free financial support, plus additional service from NEXUS-NY mentors and partner organizations. Our entrepreneurs come from research universities and the general community, and share several common traits:

  • They are passionate about their technology and want to start a great company
  • They want to solve big problems for real customers
  • They recognize the need to demonstrate their technology and business model though meaningful proof-of-concept prototypes and customer interactions

NEXUS-NY provides a structured customer commercialization process organized around answering three fundamental questions:

  • What is the best commercialization pathway for a given technology? Could it be through a startup?
  • Does technology work in a way that’s relevant to intended customers?
  • Will a customer actively engage to help validate the technology and business model?

The most promising graduating companies are eligible to receive follow on equity investments. NEXUS-NY is a program of High Tech Rochester (HTR) and is funded largely through a proof-of-concept center grant from NYSERDA.

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NEXUS-NY 2016 Teams Ready for Demo Day

NEXUS-NY is a clean energy seed accelerator. Each year the program provides financial, business and education support to entrepreneurial teams selected through a competitive application process.

Participants primarily come from NY research universities and share several common traits:

  1. They’re passionate about their research and want to start a great company
  2. They want to solve big problems for real customers
  3. They recognize the need to demonstrate their technology and business model through meaningful proof-of-concept prototype and customer interactions

Innovation Together - Proof of Concept CentersVIDEO: Innovating Together – Proof of Concept Centers

Mae-ling Lokko, founder of AMBIS Technologies and NEXUS-NY graduate featured by NY American Science and NYSERDA on the power mentorship through the NEXUS-NY’s proof-of-concept center.

“Our program strives to determine if someone should start a company, see if the technology actually works, and gain 3rd party validation of the technology and business model,” explained NEXUS-NY Executive Director Doug Buerkle. “In prior cohorts, many companies fell short of validation until well after the program ended. But for the 2016 teams, validation is a strong theme. Four of our graduating companies are, or will shortly be, conducting some type of customer demonstration study. This process validates the technology in a relevant environment and sends a strong signal to the rest of the market.”

Excited to showcase the 2016 participants in the NEXUS-NY program on Demo Day, here’s a racap of where the seven teams stand to date, and “Doug’s Take” on each team pitching on October 5 at the Rochester Public Market. Join us in celebrating their groundbreaking achievements! 

BioEnergySP – Saving Energy for Wastewater Treatment

BioEnergySP is a newly incorporated clean energy company that has invented novel 4th generation compartment free Microbial Fuel Cells. This patent pending industrial equipment Electroactive Attached Growth (EAG) technology saves energy for municipal and industrial customers, allowing facilities to significantly reduce operating expenses or to expand with minimal capital outlays.  Since the start of Phase 2 of the NEXUS-NY program, the leaders of BioEnergySP are excited to have built their first Pilot Scale prototype, which will be deployed in October in a New York State Wastewater Treatment Plant.

“This is an exciting milestone for our company that could not have been achieved without the mentorship and help of the NEXUS-NY program,” said Entrepreneurial Lead Adrian Cosma. “The pilot this fall will allow us to validate our technology and will get us one step closer to commercializing our technology. Recently we validated our technology in the lab, and there is the opportunity to offer tremendous value for our customers while having a positive effect on the environment.”

Doug’s Take: “Another great success story. In addition to being a 76West semifinalist, BioEnergySP has established a partnership with a leading engineering and construction firm that is going to build their pilot.  Their first system will be deployed at a New York wastewater treatment facility in the very near future.”

Cellec Technologies (RIT) – High-end Lithium Ion Batteries

Cellec Technologies is using patented technologies to improve the performance of high-end lithium ion batteries for small satellites, remote sensing and UAV applications in the defense and intelligence communities. The team is primarily composed of researchers from Rochester Institute of Technology. The Cellec team successfully exited phase 1 of the NEXUS-NY program in April, 2016 and has since been working on phase 2 deliverables. The team is working with several potential customers and expects to have its first orders shortly.

“Our efforts have primarily focused on improving our battery cell prototypes to meet customer deliverables. We have developed initial pouch cell batteries that show a 40% performance improvement over commercially available alternatives; while searching for ways to reduce the total cost of the battery cells without sacrificing performance,” explained Entrepreneurial Lead Brad Sparks. “Our multiple patents provide intellectual property protection and we have worked with the NYS Science + Technology Law Center to map the patent landscape.”

Doug’s Take: “RIT has built a functional prototype and could be in position to announce their first customer at Demo Day. This customer will deploy Cellec’s technology in a very unique and exciting application.  While many advanced battery companies are promising high energy density, these guys have demonstrated performance in prototypes which have been cycled hundreds of times.”

Dimensional Energy (Cornell) – Transformative CO2 Conversion Technologies

Growing concerns about rising CO2 emissions and related climate change have added urgency to the endeavor of carbon capture and conversion. To do so, Dimensional Energy focuses on creating artificial photosynthetic systems for hydrocarbon production. The technology at the heart of this clean energy startup integrates advanced light harvesting technology with novel nanostructured photocatalysts. While the prospect of mimicking natural photosynthesis to convert sunlight and CO2 to fuels has intrigued scientists and engineers for years, Dimensional Energy is exploring recent breakthroughs in catalyst development as an opportunity to develop CO2 conversion technologies based on materials that nature has not yet had the opportunity to work with.

“We embrace the high-risk, high-reward nature of this challenge as an opportunity to develop potentially transformative CO2 conversion technologies,” said Entrepreneurial Lead Jason Salfi. “The ambitious strategy outlined in our presentation builds on a solid platform of prior engineering and entrepreneurial experience within our team and access to state-of-the-art experimental facilities at Cornell University.”

Doug’s Take: “While it’s still early, the Cornell team has recently started generating promising data in their lab.  During their tenure in NEXUS, they’ve entered the $20MM Carbon XPRIZE competition and have won an Atkinson Venture Award from Cornell.  They are close to marrying their bioreactor and catalyst technologies into a single prototype. I believe they’ll have a very interesting story to tell come demo day.”

Ducted Turbines International (Clarkson University) – Twice the Energy Capture of Conventional Turbines

The Clarkson University team has been busy this summer turning their research into a company called Ducted Turbines International, as well as ordering parts, designing geometry and building the prototype that will soon be tested at the University of Waterloo in Canada.

“Waterloo has the size we need to place our turbine test rig right inside the wind tunnel,” said DTI product commercialization consultant Paul Pavone. Pavone and Visser describe how the turbine test rig will provide the data needed to validate the Computational Fluid Dynamic (CFD) modeling. The design was first generated on a computer, with the help of two Clarkson Ph.D. students to optimize the duct efficiency and performance of the rotor blades. “We’re looking forward to meeting this milestone soon and revealing preliminary data at NEXUS-NY Demo Day in October,” added Pavone.

Doug’s Take: “The Clarkson team appears to be making great technical progress, and has also developed some exciting partnerships. Paul Pavone joined this team through an introduction from a NEXUS-NY mentor, and they’ve recently started working on some manufacturing opportunities with P1 Industries, a company led by NEXUS-NY advisor, Dave Dussault.  All these little pieces came together through the NEXUS-NY program.”

MIMiC / Rensselaer Polytechnic Institute (CASE) – Modular Indoor MicroClimate

The Rensselaer Polytechnic Institute is working on a technology for localized heating and cooling, which reduces energy consumption and increases occupants comfort. The RPI team, known as MIMiC, plans to go to market initially with a novel modular unit using thermoelectric technologies, which has low energy draw and no moving parts. The technology enables supplemental heating and cooling in a single device without the need to dump heat outside, a huge opportunity to revolutionize portable devices.  

Since the beginning of Phase 2 of the program, we have focused our efforts to strengthen the business case and push forward the functional prototype,” said Berardo Matalucci, PhD Candidate at CASE leading the RPI team. “We understood that there is a clear and compelling business case for novel heating and cooling technologies. However, we need to show a functional prototype to convince our clients that the technology works. We envision a future in which building occupants can set their own preferences without increasing energy consumptions. The NEXUS-NY program has brought us unique help and support to derisk the technology, while accelerating the commercialization process,” he added.

Doug’s Take: “Berardo and his team have made fantastic progress on their prototypes.  This business opportunity carries a lot of technical and market risk, but Berardo and Theodorian continue to make very strong inroads in both areas. They’ve identified a potential pilot customer museum in NYC. Attendees can expect RPI to display a highly refined prototype at Demo Day.”

NanoHydro (University at Buffalo) – Hydrogen Storage & Generation Technology

NanoHydro, winner of the NYSERDA Energy / Sustainability award at the NYS Business Plan Competition, has been engaged in overcoming technical and business milestones during phase 2 of the NEXUS-NY program. At this stage, the team’s biggest milestone has been investigating and validating a process for large scale production. With this research, NanoHydro is looking to move from an expensive gram scale production method, to a kilogram scale production method using an inexpensive precursor. NanoHydro founder Parham Rohani started this research in collaboration with Buffalo Manufacturing Works. NanoHydro is also investigating hydrogen generation performance of their nanomaterial in pellet form.

“We’ve learned several invaluable lessons in this process that will help us in near future,” said Rohani. “In parallel with our lab research, NanoHydro has been deeply engaged in business plan development, customer discovery and market research. We believe that the hydrogen storage market for portable/remote applications is unserved and significant, and that our hydrogen storage/generation technology has great potential to successfully accelerate electricity generation using fuel cells in wide variety of applications,” he added.

Doug’s Take: “Parham knows his hydrogen producing nanomaterials work, the real question is if he can make the material in high volume. That’s why his new partnership with Buffalo Manufacturing Works on scale up is so important. Parham’s technology is being noticed by key customers; he will be presenting at the Defense Innovation Technology Acceleration Challenges in Austin, TX this November. This is a great potential funding and collaboration opportunity for NanoHydro.”

Phase Innovations (SUNY Alfred State) – Innovative New Cooling System

The team from SUNY Alfred State has invented an advanced cooling system that uses water instead of chemical refrigerants to cool buildings. Over the last several months, the researchers have formed a company called Phase Innovations and have diligently worked to test many different materials and designs for the development of their advanced prototype.

“We have identified a new class of materials that has a lot of promise for improved performance and cost,” said Entrepreneurial Lead Steve Wood. “The 2-ton cooling module for this initial customer validation prototype is anticipated to occupy a footprint of about one cubic meter.”

Doug’s Take: “We’re really happy with the progress the Alfred State team has made over the last 8 months.  They have a functional prototype and a pilot customer lined up for when they graduate the NEXUS-NY program. You can’t ask for anything more. They are working on membrane heat pump (MHP) technology, one that has been identified as very promising by the Department of Energy..”

Interested in the NEXUS-NY Proof-of-Concept Center?

Cohort 4 applications for the NEXUS-NY Clean Energy Seed Accelerator open on October 18. Researchers and aspiring entrepreneurs will have until November 11 to submit their ideas. Get a head start on the application process!

NEXUS-NY Phase 2: On the Path to Commercialization

7 Clean Energy Research Teams Start De-Risking Technology in NEXUS-NY Phase 2

The difference between success and failure is finding focus as early as possible. This is a primary mission of the NEXUS-NY clean energy seed accelerator, and over the last several months, participants have been developing and testing numerous business hypotheses through interactions with industry participants to find this focus. The desired outcome is to validate whether a viable and scalable business model exists, and to decide whether and how best to pursue their commercialization objectives – a process the teams will continue to explore in NEXUS-NY Phase 2.

As Phase 1 of the program came to a close, each team presented to a room of judges and industry experts to share the latest results around their business opportunities. These presentations played a large role in determining which participants would move onto de-risking their technology by building prototypes and seeking third party validation.

When selecting which teams to advance into Phase 2, NEXUS-NY Founding Executive Director Doug Buerkle said, “We asked the entrepreneurs to convince themselves of the business opportunities first. When that happens, it’s usually easy for them to convince us that they’re ready to move to the next level.”

NEXUS-NY selected several judges from the business community to evaluate the team’s business opportunity pitches. The judges looked for answers to key questions. Some of them included:

  • Is there a large market opportunity?
  • Has the team identified a compelling business model?
  • Is the product unique and compelling?
  • Does the technology promise a major energy impact?
  • Can the team make significant progress in the coming 6 months?

Jim Senall, President of High Tech Rochester, was among the judges. He remarked on the quality of the team presentations as being excellent. “It’s always so impressive to see how much the teams accomplish in just twelve short weeks from the kick-off of the program,” said Senall.

NEXUS-NY is one of the many programs run by High Tech Rochester (HTR). Senall says it’s unique in its statewide diversity of teams, and the high-impact technologies that are being developed. In his experience having watched each cohort participate in Phase 1, some teams learn that their initial assumptions may have been wrong, and that there may not be a market for what they are developing. Senall believes this is a good thing, as teams gain valuable knowledge in months versus years. If one particular idea doesn’t pan out, they have the opportunity to move to a different one.

“Each year the NEXUS-NY teams seem to get stronger and stronger. It’s never easy at the end of Phase 1 to select which teams to move on. It’s usually the market that makes that decision,” added Senall. “We look forward to seeing the others take what they’ve learned in Phase 1 and apply it to their next ideas.”

NEXUS-NY Finalists Represent the Most Promising Clean Energy Technology in NY

The teams moving to the next round of the NEXUS-NY accelerator include: BioƎnergySP, Clarkson University, Cornell, Rensselaer Polytechnic Institute, Rochester Institute of Technology, SUNY Alfred State and University at Buffalo.

NEXUS-NY Research Teams | RIT at Cohort 3 KickoffRyne Raffaelle and Brad Sparks are leading the charge of the Rochester Institute of Technology (RIT) team. RIT researchers are working on a novel technology that incorporates patented carbon nanotubes within lithium ion batteries to improve their performance. Sparks says this is what makes their product unique and compelling.

“This has been demonstrated to provide 30-40% more energy than currently available off-the-shelf batteries,” said Sparks. “In particular, this is extremely important for our military and intelligence communities, where extending mission life is critical.”

In addition, the team from RIT is working on a technology that allows these batteries to be stored and shipped safely without charge to meet ever increasing shipping regulations. The core team has been working together for over a decade to develop these technologies.

“We see our primary market opportunities as the military and intelligence communities,” added Sparks. “Specifically, we are looking at developing our high-end batteries for small satellites, remote sensing and unmanned aerial vehicle applications.”

Since joining NEXUS-NY, the RIT researchers have spoken with dozens of potential customers to better focus on the specific market segments. Over the course of the next 6 months in the accelerator, the team will work towards commercialization on the technical side by spending a bulk of their time on improving their initial prototype. Their intent is to reduce the product cost without sacrificing the battery performance. On the commercial side, their goal is to find one or two initial customers to provide market feedback so they can continue to refine their products.

Now in Phase 2, all the researchers will begin building early prototypes and working towards third party validation of customer discovery. Buerkle said, “Typically during Phase 2, teams build prototypes which are aligned with the minimum features that customers want to test based on the interactions they had in first half of the accelerator.”

Theodorian Borca-Tasciuc and Berardo Matalucci represent the Rensselaer Polytechnic Institute (RPI) team. They are seeking to commercialize a novel modular and scalable building system for personalized comfort that can result in energy savings, increased productivity and healthier indoor environments.

RPI presented an early-stage prototype to the judges during the business opportunities event. They are now looking forward to building prototypes that are fully functional, making sure their demonstrations can move from proof-of-concept to real-world applications by verifying their assumptions.

“It’s time to build a complex version of the model. We see it as a portable device, something compact in order to overcome a couple important technical challenges, for example the effects on people and the energy savings,” said Matalucci.

In order to achieve this, the RPI team will take the insights gained from the Phase 1 customer discovery process and from the judges to couple energy efficiency with some other value, having learned that saving energy isn’t as important of a factor to customers as originally anticipated.

“We found that with our product, energy efficiency isn’t a necessity for the customer,” explained Matalucci. “Instead, it’s more important to provide thermal comfort to everyone with  a scalable product, especially one that engineers are interested in.”

Matalucci says this is not a simple task, and there are significant problems his team will have to overcome to deliver multiple benefits, including reducing the installation cost, while still providing high aesthetics.

“We’re close. We have already built something that offers a two-fold value proposition. By providing a system for localized heating and cooling we  can maximize the comfort of people, and on the other side condition a space where and when needed.” This allows our systems to avoid wasting energy, explained Matalucci. “And since our units are stand alone, meaning they don’t need to be plugged into ducts or pipes, which are unsightly, we also reduce installation costs and technical spaces like shafts and drop-ceilings. All of this combined caters to the customer and increases the real estate value of the building.”

Now the RPI team has to focus on being cost-competitive. This is an obstacle they must overcome by somehow containing the return on investment for their modular building systems to five years or less. For larger installations Matalucci says this could be pushed to 10 years, but after that it doesn’t hold the client’s interest any longer.

The team’s last big takeaway was from the judges, who stressed the importance of addressing product customization for manufacturing. For example, if your product is pink instead of gold, or in a circular shape, how customizable you want it to be impacts the costs related to manufacturing. This is a major concern that Matalucci says his team needs to consider – how to contain the cost of manufacturing while offering a product that is customizable.

To help them on their path to commercialization, the RPI team is in the process of hiring a couple of mechanical engineers to work on an advanced prototype. They are also in contact with some students from the Lally School of Management at Rensselaer to assist them in moving forward with patenting and funding applications.

NEXUS-NY Partnerships Help Catalyze Commercialization Process

Something that distinguishes NEXUS-NY from other accelerators is the program’s partnerships with business leaders to catalyze the commercialization of novel clean energy technologies.

As a NEXUS-NY Phase 2 activity, NEXUS contracts with Excell Partners to provide due-diligence support for each team. Excell is a Venture Capital Fund that invests in seed and early stage high-tech startups in New York state. Over the next several months, program participants will reveal more of their technology and business plans through a series of presentations to Excell.

“The first presentations will focus on getting to know the teams and technology; Excell will provide initial feedback, indicating where they see deficiencies in the business case,” explained Buerkle. “During subsequent presentations, Excell will have a chance to see how their advice has been implemented before assigning analysts who will work as part of the research team. This is certainly not the typical start-up/VC relationship. This is much more friendly.”

NEXUS-NY Midterm JudgesNEXUS-NY Phase 2 participants will also continue working with the teaching team which includes a few HTR employees plus several serial entrepreneurs who provide strategic and tactical guidance. New this year, NEXUS-NY advisors, are committing a few hours per week to provide additional support to participants. These advisors are all proven entrepreneurs who would typically not have the time to engage in full mentoring roles, yet they have all agreed to provide high level advice and connections. Advisors include: Christine Whitman, Chairman, CEO and President of Complemar Partners; Alex Zapesochny, President, CEO and Cofounder of iCardiac Technologies; David Dassault, Founder, President and CEO of P1 Industries; Mark Barberio, President of Markapital and board member of Buffalo Angels and Rochester Angel Network; John Frater, local entrepreneur and Adjunct Professor at RIT; and Don Golini, Founder of SANICA Ventures and QED TEchnologies International.

NEXUS-NY Provides Direct Financial Support to Program Participants

In partnership with the New York State Energy Research and Development Authority (NYSERDA), NEXUS-NY will continue to provide participants with funding in Phase 2. Each team has been charged with developing a statement of work that will define what they want to do with the funding. The statement includes what customers they would like to pursue for third party validation, and what they want to test.

“Most of the funding is allocated towards building and testing prototypes.” explained Buerkle. “In the past many teams also form legal entities before the end of Phase 2.”

NEXUS-NY offers additional support for its participants to evaluate their IP and that of potential competitors. NEXUS-NY contracts with the NYS Science + Technology Law Center at Syracuse University, which help participants develop custom IP landscape assessments which meet their individual needs.

Mark Your Calendars for NEXUS-NY Team Pitches

At the end of NEXUS-NY Phase 2, teams will present their technology and businesses to a wide audience of prospective collaborators and investors. These Demo Days will be held in western New York and New York City. They are tentatively scheduled for September and October, 2016.

Now it’s time for the teams to get back to the lab, while continuing to engage customers and develop their go-to-market plans!

Interested in applying for NEXUS-NY? The next phase of applications is available between October 18 – November 11, 2016.

NEXUS-NY Represents at 76West Clean Energy Semifinals

Come for the Competition. Stay for the Transformation. That’s the intent around the 76West clean energy initiative.

May was an exciting month for NEXUS-NY, with five of our seed accelerator graduates, and one Cohort 3 team pitching at the 76West Clean Energy Competition Semifinals.

76West is a business competition focused on attracting founders to build clean energy startups and create jobs in New York’s southern tier. Candidates selected for the semifinals demonstrated a significant clean energy impact that solves important problems customers would pay to address.

NEXUS-NY graduates and participants joined dozens of clean energy companies from across the state, country and globe to compete for a spot in the finals, which guarantees them prizes ranging from $250,000 to $1 million! Sponsored by NYSERDA and implemented by the Southern Tier Startup Alliance, in addition to funding, each finalist will receive incubator space, support services and national recognition.

Adrian Cosma is the Cofounder and CEO of BioEnergySP. Cosma and his partner, Jose Lozano recently entered into Phase 2 of the NEXUS-NY Clean Energy Seed Accelerator. Cosma says being part of NEXUS-NY helped prepare him to pitch in the semifinals of the 76West Competition.

“The information we received from our advisors and mentors at NEXUS-NY was a key component in being selected into the 76West semifinals,” said Cosma. “Throughout the program we’ve learned how to identify our customers and uncovered the value proposition to offer potential customers as part of the customer discovery process. This gave us a lot of insight into what customers want and how we convey our technology to them, or anyone who wants to acquire or purchase our technology. NEXUS-NY has really challenged us to learn what company we are, and what company we want to become. We applied all of these lessons into our pitch for 76West.”

BioƎnergySP is a newly incorporated clean energy company. Cosma and Lozano have invented novel 4th generation compartment free Microbial Fuel Cells. This patent pending industrial equipment Electroactive Attached Growth (EAG) technology saves energy for wastewater treatment, allowing facilities to grow to meet demands beyond limited in-house wastewater capacity, limited municipal capacity and local laws.  

This technology, combined with a leadership team working towards commercialization and profitability, makes BioƎnergySP a perfect fit for the 76West Clean Energy Competition. Their technology broadly reduces energy consumption and improves the efficiency of energy utilization at the consumer and industrial scale. It also improves the processes and systems that use energy, while providing a solution to permeate the marketplace.  

76West Clean Energy Competition, Supported by NYSERDA“76West is designed to further develop the regional community of clean energy technology innovators, industry experts, educators and investors, as well as help startups get early users for their technologies.” – NYSERDA.ny.gov

The team chose the name BioƎnergySP based on Lozano’s background in physics and biology, harnessed to create the technology. “SP is used in biology to signify ‘any’ – so any form of biological derived energy is the key. An inverted ‘E’ means energy in physics, so we apply it to Energy Bio of any type,” explained Lozano. “We are dealing with wastewater and SP of any kind, which is kind of neat. It’s demanding and sophisticated and requires a lot of innovation to create the breakthroughs needed to make it an energy producer,” he added.   

Prior to the 76West pitch sessions, each candidate was brought to the Ithaca, NY area to explore the Southern Tier’s ecosystem. What they learned on these tours allowed Cosma and Lozano to incorporate what impact BioƎnergySP would have on the region and New York State.

“They took us to Corning, Binghamton and Cornell to show us the culture of the startups so we could get an idea of what they are looking for,” said Cosma. “At the same time it was very valuable to meet so many entrepreneurs and and learn about the programs and resources that would help us commercialize. From the tech centers and equipment, to the surrounding pool of talent, we can really see ourselves accelerating there.”

In one example Cosma referenced Cornell University’s new Blackstone LaunchPad. Lozano holds a PhD in Biology and Ecological Physiology from Cornell, so BioƎnergySP would be able to tap into those resources. Another part of the tour that caught their attention was the innovation center being developed at Binghamton University. “It would make it very easy for us to engage future employers and students from the area to help research and advance our technology,” said Lozano.

In speaking with representations from the Southern Tier Startup Alliance, finalists will be announced within the next few weeks. The $2.5 million in prize money will be payable in increments based on a series of milestones accomplished. During this time, startups will work with technical and industry experts, companies, incubators and mentors to craft their engagement with the region. If BioƎnergySP advances to the next round, Cosma and Lozano intend on taking full advantage of the funding and support offered. The team is committed to concentrating 100% of their focus on the company to develop a full commercial pilot.

“If we make it into the finals you can expect larger, better plans because we’ll be able to tackle more than one use of the methodology,” said Lozano. “With more than one product we’ll go to market even faster, and contracts with manufacturers and engineering firms will result in the creation of type A jobs at the same time.”

President of BIOEnergySP Adrian Cosma

BioEnergySP President Adrian Cosma presenting at the NEXUS-NY Business Opportunities event.

Engineers are key components of the strategy because the way wastewater works is through engineering firms. Lozano said their first hire would be an environmental engineer with experience in wastewater or biology to help develop their technology faster and impact more industries.

“By speaking with people about our project and presenting to an audience we also realized how significant our business is on the energy market, and the impact BioƎnergySP will have on the broader environmental society by supporting other businesses in the community,” said Cosma.

Cosma explained that there are 600 wastewater treatment facilities in New York, and over 20,000 in the country. This, he said, makes BioƎnergySP’s market very significant. He added that the costs for energy usage on a yearly basis is around $600 million to run wastewater treatment plants in NYS alone. BioƎnergySP focuses on the activated sludge process which uses around 50% of that energy. This means that BioƎnergySP’s target is in NYS is $300 million, and Cosma says BioƎnergySPs’ technology can provide a 60% reduction.

“That’s $180 million a year in cost savings, and that’s only in NYS,” continued Lozano. “There’s also larger states like Texas and California that have much bigger use of energy.”

BioƎnergySP doesn’t just impact wastewater treatment facilities. With an increased capacity of infrastructure, the technology has the potential to grow other industries and communities. This includes any industry that uses activated sludge to treat their wastewater, such as pharmaceuticals and breweries.

“A lot of municipalities are limited. Wastewater effects whether private companies go into a certain area or not. Imagine that someone wants to build a new hotel in NYS. They can’t because the wastewater treatment is to capacity. Or a brewery might have to ship out their wastewater because they are full to capacity, said Lozano. “The hotel can’t be build, and the brewery cannot expand. These are indirect impacts that are also very significant. In each case, they would have to build their own wastewater treatment facility, which is very costly, or contract the process out to another state. Either way, they don’t grow as quickly, and the revenue is pushed outside of our region.”

As part of the 76West Clean Energy Competition, winners outside of New York must relocate to the Southern Tier region. If a startup already exists in NYS, like BioƎnergySP, and can demonstrate how their company will have a positive impact on the Southern Tier, they don’t have to relocate. Here is a complete list of competition details.

“What’s clear to us is that we are committed to New York State, and we want to be a NYS enterprise. Our primary goal is to have an impact in NYS, and tackle the NYS energy crisis. New York has significant resources available that is only going to make us better and help BioƎnergySP get to market faster.”

NEXUS-NY Affiliated Teams Who Pitched at the 76West Clean Energy Competition

AMBIS TECHNOLOGIES – Upcycling the World’s Most Underutilized Material Resources to Cool Our Buildings

CHROMANANOTECH – Letting the Light In While Keeping the Heat Out

eCOLECTRO – Regenerating the Fuel Cell Economy

LIONANO, Inc – Batteries Engineered at Nanoscale

MICATU, Inc – Fundamentally Changing the Way the World Senses Light