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).
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 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.
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.