NEXUS-NY opens clean energy accelerator program to researchers and innovators throughout upstate NY
Seeks applications to a program that offers a lean startup approach and the early testing of clean energy technologies for commercial potential
NEXUS-NY (New Energy Xcelerator in UpState NY), a clean energy accelerator, is a new initiative aimed at identifying and validating new clean energy technologies developed in upstate New York, including the Buffalo, Rochester, Syracuse, Albany and Binghamton/Ithaca regions.
The goal of the program – via more than $500,000 annually in financial support and various education and training sequences – is to provide support to early-stage technologies for the validation of their commercial potential. NEXUS-NY will specifically address the critical phase that occurs between research and commercialization.
Researchers and innovators in clean energy working at university-based laboratories or who are completely independent can now apply to the program at www.NEXUS-NY.org
Broadly defined, clean energy encompasses technologies, processes, models, tools, etc. that will generate clean energy or assist the final consumer to reduce the use of electricity.
As part of the process to qualify for an average of $50,000 of financial support, qualifying teams of researchers and innovators will participate in NEXUS-NY’s year-long program, starting with a 12-week immersive learning course where they’ll learn and use lean startup techniques modelled after the National Science Foundation iCorps.
In addition, the NEXUS-NY program links clean energy technology teams with mentors and advisors with experience in both technology and business development.
Plus, subject to availability of funds, Excell Partners, a regional economic development partnership between the University of Rochester and the State of New York for financing high-tech startup companies in the Upstate New York region, may make a commitment of $150,000 to one or more teams emerging from NEXUS-NY.
“Applicants are encouraged to think broadly when considering the definition of clean energy,” says NEXUS-NY executive director Doug Buerkle. “While much of the clean energy research in New York is conducted in university-based settings, not all of it is, which is why we’re hoping to hear from both university-based and independent researchers and innovators.
Acceptance into the NEXUS-NY program is based on a submitted on-line application that will be evaluated by an independent team of energy and commercialization leaders from throughout upstate New York.