Proof-of-concept demonstrates that an idea is feasible
Demonstrating proof-of-concept is one of the first steps in the innovation process, when new possibilities for products, services or processes are identified and prototyped.
Aiming to catalyze and accelerate clean energy startups in New York State, NEXUS-NY helps move research-derived innovations from labs to the marketplace. 10 New Clean Energy Companies were chosen to participate in our latest proof-of-concept accelerator.
Each team selected has now completed phase one of the NEXUS-NY program, having spent the last several months developing and testing numerous business hypotheses through interactions with potential customers and industry participants. 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.
In this three-part series on proof-of-concept, we’ll learn from several of the teams selected to move forward into NEXUS-NY Phase 2. Here’s how Verdimine, RemWell and Capro-X are using proof-of-concept to commercialize their technology.