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Business Incubation Programs at NYSERDA

Mike ShimazuProject Manager

BIANYS Annual MeetingMay 23, 2011

• About NYSERDA

• Innovation and Business Development

• Clean Energy Business Incubation Programs

• About NYSERDA



About NYSERDA• Mission: Advance innovative energy solutions in

ways that improve New York’s economy and environment.

• Manage statutory funding for traditional product research, development and demonstration

• Current administrator of NYS Public Service Commission

• System Benefits Charge Program (New York Energy $mart)

• Renewable Portfolio Standard (RPS)

• Energy Efficiency Portfolio Standard (EEPS)• Regional Greenhouse Gas Initiative Allowance

Auctions

Advance innovative energy solutions …

Innovation

• Achieving New York’s energy policy goals requires innovation.– 30 by 15– 15 by 15– 80 by 50 (!)

• Technology availability/affordability is at least as strong a driver as economic development.

NYSERDA’s Budget

• About NYSERDA



Commercialization Model

Business Scale-Up

Business Start-Up

Business Development &

Planning

Business Concept

Feasibility

Opportunity Assessment

Business Growth and Acceleration

Commercial Scale-Up

Commercial Start-Up

Technology Development &

Planning

Technology FeasibilityInitial Concept

Technology Development

Direct Support Programs

Business Scale-Up

Business Start-Up


Planning

Business Concept

Feasibility



Commercial Scale-Up

Commercial Start-Up


Planning



Business Growth

Manufacturing

Product Development

Infrastructure Programs

Business Scale-Up

Business Start-Up


Planning

Business Concept

Feasibility



Commercial Scale-Up

Commercial Start-Up


Planning



Business Incubators/Accelerators

Business Assistance and Advice

Test Centers

• About NYSERDA



Clean Energy Business Incubators• Directed Energy

(University at Buffalo STOR)

• Clean Energy Incubator (RIT Venture Creations)

• Cleantech Center (Syracuse Tech Garden)

• NYC-ACRE (Polytechnic Institute of NYU)

• iCLEAN (U Albany CNSE)

• Clean Energy Business Incubator Program (Stony Brook University)

Directed Energy

Two Competitive Solicitations

Incubator Program Background

• PON 1216 (Category B) Statewide: 2009– Buffalo– Rochester– Syracuse– NYC

• PON 1306 Capital/Mid-Hudson and LI: 2010– Albany– Stony Brook

Incubator Program Attributes

• Facilities-based programs• Funding for programs, not

buildings• Provide long(-ish) term funding

– $1.5 million– ~ 4 years

• Share startup risk• Seek self sufficiency• Pay for outcomes

Milestone Payments

• ~$500k: Startup, marketing, administration– Intake process documentation/forms– Industry advisory boards– Marketing materials– Special events / projects– Sustainability plan– Reporting

• ~$750k: Client process milestones– Intake documentation/assistance plans– Business plans

• ~$250k: Client outcome milestones– Private investment– First product introduction– Revenue milestones

Supplemental Resources

• NYSERDA Entrepreneurs-in-Residence– ~40 Experienced

executives / C-level entrepreneurs

• NYSERDA Growth Capital Business Partners– Outreach to global early-

stage cleantech investors

Leveraging Incubator Assets

• Statewide Cleantech Innovation Network– Web-based information services/social

networking– Programming is key

• Proof-of-Concept Centers– US EDA i6 Green Challenge– Pending NYSERDA program

Incubator Program Outcomes

• Expenditures to date: ~$2.7 million• Client companies: 64• Client companies receiving

NYSERDA funding: 12• New products introduced: 26• Private capital raised: $22.4

million• Federal funding: $6.8 million• New jobs: 94• Retained jobs: 165

Summary

• NYSERDA is an instrument of NYS energy policy, with economic and environmental objectives

• The Clean Energy Business Incubators Program is a centerpiece of NYSERDA’s Innovation and Business Development effort

• So far, so good…..

Thank You

Mike ShimazuProject Manager

[email protected]/businessdevelopment

BIANYS Annual MeetingMay 23, 2011

mailto:[email protected]