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PowerBridgeNY is a Collaborative EffortAcross Downstate Institutions, with$10 Million in Funding fromNYSERDA
OverviewOBJECTIVE
AWARDS
ELIGIBILITYCRITERIA
SELECTIONPROCESS
Cleantech innovations from academic research labsmore and stronger cleantech businesses in New York State
Idea Grant Submission • $1,000 for ideas that are invited to & do submit a pre-proposal
Validation Phase • Up to $150K in tranche funded for technical proof-of-concept & business validation• Support from Mentors & student teamsIgnition Phase • $50K for company launch & marketing
Within NYSERDA’s “areas of interest”Based on IP from one of the partner institutionsNot for “basic research”Have identified an entrepreneurial lead (EL)
First cycle: Oct 2013Idea Grant > Pre-proposal > full proposal > pitch dayExternal judging committee (VCs, industry, entrepreneurs)Based on commercial potential
All judging is done externally by our diverse panel of Judges, which includes representatives from the government, industry, utilities, and venture capital firms.
Past Judges
Bill LeseManaging PartnerBraemar Energy Ventures
Brad PietrasVP of TechnologyLockheed Martin
Dan RobinsonSenior AssociateSJF Ventures
David Cruikshank*PartnerArch Ventures
Edward Greer*ManagerDOW Chemical Company
Jackson Lehr*DirectorNational Grid
Jigar ShahFounderJigar Shah Consulting
Johannes Rittershausen*Managing DirectorConvergent Energy + Power
John Freer*Manager, External Tech. InitiativesGE Research
John Lee*AnalystOsage Ventures
Josh WolfeCo-founderLux Capital
Jurij ParaszczakDirectorIBM Research
Mike Bishop*Senior AssociateBlack Coral Capital
Nancy DoonSenior ManagerSmart Grid Consortium
Rebecca Craft*Director, Energy EfficiencyConEd
Satyen Mukherjee*Chief Scientist & Senior DirectorPhillips Research
Troy DevriesDirector, Research & DevelopmentConEd
David Wells*PartnerKleiner Perkins NY
Andrea RuotoloSenior Research AssociateSmart Grid Consortium
Bradley AtwaterTechnical DirectorLockheed Martin
Frank MartinoVP, OperationsColumbia University Facilities
Margarett JollyDirector, Research and DevelopmentConEd
Barbara Kate-GarnickUndersecretary for Energy and the EnvironmentCommonwealth of Massachusetts
*Returning for Cycle 2
New Judges
We assign at least one Mentor per team. In total, we have a roster of 80 potential Mentors and Advisors who come from a variety of backgrounds and may have experience with startups, industry, investing, and more.
OurMethodology
NSF Innovation Corps (I-Corps)
• Way to find a viable business model for a startup• Lectures and “skills labs” in combination with active
customer discovery• Focus on getting out of the building and talking to
potential customers• Awardees will be required to conduct at least 100
interviews
Business Model Canvas
• Awardees required to update monthly• Tool used to track learnings and frame
project• Completed BMC will serve as basis for
investor pitch and business plan
Sample Evaluation Criteria Will Include…
Technical feasibility and benefits
Energy savings or
amount of renewable
energy produced
Demonstrated early-
stage proof-of-principle
Ability to execute within
available budget (indirect
cost rate included)
Qualifications of the team
Commercial potential
Market need and size
Competitive landscape
Innovativeness of the
proposed solution
Strength of intellectual
property
Feedback from mentor
Commitment of the team
Application Process
SEP OCT NOV DEC JAN FEB MAR
SEP 25Idea Grant submissions due
OCT 9Pre-proposalsdue
MID NOVTeamsnotified
JAN 11Proposalsdue
EARLY FEBPitch teamsselected
MAR 10Pitch day
MID MARWinners announced
Mentors &Advisorsassigned
1st Bootcamp Funded projects will begin May 1
Past Application Numbers
50Pre-
proposals
14Full
proposals
13Pitches
10 (2)Awardees
16 11 8 3 (2)
Cycle 1
Cycle 2
Guidelines on “Eligible Technologies” Within NYSERDA’s Areas of Interest*
CURRENTLY ELIGIBLE CURRENTLY NOT ELIGIBLE
Transportation
Fuel Production
Fuel Delivery
Buildings
Energy Storage
Electricity Generation
Electricity Delivery & Management
Nuclear
Compressed Natural Gas & LNG
Hydrofracking
Clean Coal
*An in-depth list of eligible technologies is available on the
powerbridgeny.com “Apply” tab. Please email the Campus
Rep for your institution if you are unsure of your eligibility.
Cycle 1 Successes
Alan WestColumbia UniversityChemicals and fuels from electricity and CO2
Received $500K DOE grant based on a pivot conducted under PBNY
Saeed JazebiNYU Polytechnic School of EngineeringHIGHEST (HIGH Efficiency Shielded Toroidal) Transformers to help distribution network operators for saving energy
Negotiating agreement with ConEdison to field test transformers
Yiannis AndreopoulosCUNYBattery replacement module for HVAC sensors
Begun in-field testing of sensors at a local restaurant; applied to Cleantech Open NE
Marc Diaz-AguiloNYU Polytechnic School of EngineeringCable transient ampacity (C.TrAm) software to monitor temperature of electric cables
Established a startup and actively seeking investment
Yingchao (Alex) YuCornell UniversityAdvanced Li-ion battery anode material with 3X capacity, 4X lifetime, 3X charging rate, reduced cost
Finalizing $6M venture investment
It is still early, but some Cycle 1 teams are getting traction
Alan LyonsCUNYAntireflective superhydrophobic self-cleaning films: Reliable materials to increase efficiency of solar panels
Invited onto committee with solar industry leaders to set anti-soiling standards for solar panels
Mutual Expectations for Awardees
Note: all funding will be released based on successful interim
tech & business project milestones
What we expect from you…
What you can expect from us…
Technical Business
• Develop initial prototype• Targeted experiments to
de-risk the technology• Conduct in-field testing
• Mentors & coaches• Funding for tech
Development• Access as needed to: - Student teams for design & prototyping - Built environments for testing prototypes• Funding for: - Conference travel & fees - SBIR/STTR assistance
• Identify entrepreneurial lead• Market assessment• Competitive landscaping• 100 customer interviews• Business plan development• Develop commercial “pitch”• Talk to potential investors• SBIR/STTR application (if
relevant)
• Mentors & coaches• Financial support in addition to Project Funds for business and external assistance• Access as needed to: - Student teams for business & marketing support - Educational panels & boot camps - Networking w/ VCs, industry, entrepreneurs - Subsidized tax, law, accounting
Teams that complete all
milestones and establish a
company in New York State
will be eligible to apply for
$50K Ignition Grants.
A Month in the Life
• EL spends 40-60 hours on the project• Conduct 10-15 customer interviews• Update LaunchPad Central based on
interviews• Annotate changes for discussion at
monthly meetings• Meet once with Director to discuss both
technical and business milestone progress
• Attend a Skills Lab or other required event (usually about an hour)
• Work with Mentor at least 4-5 hours• Work on preparing quarterly reports
FAQ What do I have to do to apply?• File an invention report with your home
institution’s tech transfer office• Complete the Idea Grant submission form
Is there a bias towards short-term vs. long-term projects?• No preference, as long as milestones are met
What does PowerBridgeNY expect in return for funding?• No equity stake nor revenue share• No impact on the IP ownership
Can a team apply with more than one application?• Yes, but if more than one pre-proposal is
invited to submit a full proposal, we will ask the team to select a project to move forward with
What can I do to make my application better?• Attend the 5-week I-Corps summer session• Get a head start on the customer discovery
with the free “How to Build a Startup” course
Are there any restrictions on the use of funds?• 35% indirect cost rate• No subcontracts in excess of 1/3 of the total
project budget• Can be used for facility fees and services,
though PBNY will work to subsidize these costs• Not intended for capex equipment >$25K
• Leasing large equipment is acceptable• All equipment purchased will be the
property of the home institution• Not intended for marketing materials (e.g. sales
brochures) or legal fees – these are for ignition funding
What if a project is not selected as one of the final awardees? Can the team reapply?• Yes, if feedback is addressed
Where can I find more information?• www.powerbridgeny.com/apply
• Application materials• www.powerbridgenyc.pbworks.com
• Process information
Institution
Brookhaven National Laboratory
City University of New York
Columbia University
Cornell NYC Tech
NYU-Poly
Stony Brook University
Campus Rep
Connie Cleary
John Blaho
Rick Smith
Bethany Koi
Chris Snyder
William Worek
Campus Rep Email
Tech Transfer Website
www.bnl.gov/techtransfer
www.cuny.edu/research/ovcr/tco.html
www.techventures.columbia.edu
www.cctec.cornell.edu
Oil.med.nyu.edu/faculty-students
www.stonybrook.edu/research/otlir
Sign up to receive updates by emailing your Campus Representative or visiting www.powerbridgeny.com/contact
Appendix: Cycle 1 Awardees
Yingchao (Alex) YuCornell UniversityAdvanced Li-ion battery anode material with 3X capacity, 4X lifetime, 3X charging rate, reduced cost
Alan LyonsCUNYAntireflective superhydrophobic self-cleaning films: Reliable materials to increase efficiency of solar panels
Mariusz BojarskiNYU Polytechnic School of EngineeringResonant power inverters optimized for highly efficient wireless charging of electric vehicles
Saeed JazebiNYU Polytechnic School of EngineeringHIGHEST (HIGH Efficiency Shielded Toroidal) Transformers to help distribution network operators for saving energy
Marc Diaz-AguiloNYU Polytechnic School of EngineeringCable transient ampacity (C.TrAm) software to monitor temperature of electric cables
Yiannis AndreopoulosCUNYBattery replacement module for HVAC sensors
John KymissisColumbia UniversityPlugSTRATE: A low cost, wireless monitor for energy use analysis
Roger AndersonColumbia UniversityUsing machine learning to reduce electricity lost in T&D of electricity for utilities, microgrids, and in buildings
Kartik ChandranColumbia UniversityIncreasing energy efficiency of wastewater treatment facilities
Genggeng QiCornell UniversityPilot production of high-efficiency sorbents for cost-effective carbon capture
Alan WestColumbia UniversityChemicals and fuels from electricity and CO2
Lei ZuoStony Brook UniversityVibration energy harvester to power trackside electrical railroad infrastructures more efficiently and inexpensively than incumbents
Appendix: Cycle 2 Awardees
Filip MlekickiNYU Polytechnic School of EngineeringSensor Technology for Groundwater Monitoring Reducing Energy, Lowering Cost, Enhancing Data Quality
Jorge GonzalezCUNYWeather-Driven Energy Forecasting System for Commercial Buildings and Energy Managers in Urban Areas
Ken BirnbaumNYU Polytechnic School of Engineering Evolving New Algal Strains to Reduce Production Costs in the Biofuel and Nutraceutical Industries
Ron TabbitasStony Brook UniversityHigher Power Density PEM Fuel Cells Using Nanotechnology
Ardavan YazdanbakhshCUNYEnergy Efficient Recycling of Fiberglass Waste for Reuse in Construction
