PowerBridgeNY is a Collaborative Effort - PowerPoint Presentation

Slide1

PowerBridgeNY

is a Collaborative Effort

Across Downstate Institutions, with

$10 Million in Funding fromNYSERDA

Overview

OBJECTIVE

AWARDS

SELECTION PROCESS

ELIGIBILITY CRITERIA

To turn

c

leantech

innovations from academic research labs into strong businesses in New York State

Validation Phase

Up to $150K in tranche funded for technical proof-of-concept & business validation

Support from Mentors & student teams

Ignition Phase

$50K for company launch & marketing

Cleantech

Innovations

Based on IP from one of the partner institutions

Not for “basic research”

Have identified an entrepreneurial lead (EL)

Annual applications open October 1 and are due November 1

Pre-proposal > full proposal > pitch day

External judging committee (VCs, industry, entrepreneurs)Based on commercial potential

Guideline on “Eligible Technologies”*

CURRENTLY ELIGIBLE

CURRENTLY

NOT

ELIGIBLE

Transportation

Fuel Production and/or Delivery

Electricity Delivery, Management & Storage

Energy Efficiency (Transportation, Buildings, etc.)

Renewable Energy Generation

Carbon Capture

Sustainable Agriculture

Water Efficiency

Green Chemistry

Waste/Pollution Remediation

Nuclear

Compressed Natural Gas & LNG

Hydrofracking

Clean Coal

*Please email info@powerbridgeny.com

if you are unsure of your eligibility.

Other Eligibility Requirements

UNIVERSITY IP

Invention Disclosure submitted before pre-proposal

No patent application required

Joint

ownership w/another university is acceptable

NO BASIC RESEARCH

Lab prototype complete before application

End result should be commercial prototype

Ready to be sold to or tested by customers

EL IDENTIFIED

Entrepreneurial Lead

Cannot be both TL & EL

No business experience required

Can be anyone

Salaries for ELs not at the home institution are “subcontracts”

Often EL = graduate student

All judging is done externally by our diverse panel of Judges, which includes representatives from the government, industry, utilities and venture capital firms.

Past & Current

Judges

*Returning for Cycle 5

Andrea

Ruotolo

Senior Research Associate

NYS Smart Grid Consortium

Andrew Reid*

Senior Scientist

Con Edison

Ben Sampson

Senior Scientist

GE Ventures

Blake Stevens

Vice President

Harris & Harris Group

Chris Cavanagh*

Director

National Grid

David Cruikshank*

Partner

Arch Ventures

David Dorsey

Associate

Osage University Partners

David Wells

Partner

Kleiner

Perkins NY

Edward Greer*

Manager

DOW Chemical Company

Frank Martino

VP, Operations

Columbia University Facilities

Jake Berlin

Founder

Rethink Energy

Jean-Noel Poirier

Managing Partner

Inventic

Performance Chemicals

John Lee

Analyst

Osage University Partners

Josh Gould

Utility of the Future

Con Edison

Kristin Barbato

VP, Customer Energy Solutions

NYPA

Margarett

Jolly

Director, R&D

Con Edison

Mark Johnson

Smart Cities Chief

Schneider Electric

Mike

Shimazu

Senior Advisor

NYSERDA

Parker White*

Director, Commercial Real Estate

Hannon Armstrong

Rick Robertson

Senior Director

GE Ventures

Serena Lee

Project Manager

Con Edison

Shirley

Speakman

Partner

Cycle Capital

Steve

Kloos

Partner

True North Ventures

Sample Evaluation Criteria

Include…

Technical Feasibility and Benefits

Energy savings, amount of renewable energy produced, or amount of pollution avoided/cleaned

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

We assign at least one Mentor per team. In total, we have a roster of 100+ potential Mentors & Advisors who come from a variety of backgrounds and may have experience with startups, industry, investing and more.

2018-2019

Application

Process

EARLY

DEC

Full proposal teams selected

FEB 25-26

Bootcamp

Finale (8-week)

EARLY APR

Pitch teams

selected

MID MAY

Projects begin

Mentors &

Advisors

assigned

Weekly Web-Ex Check-ins: Oct-Dec

Negotiate Milestones

Average Application Numbers

28

Pre-

proposals

12

Full

P

roposals

9

Pitches

5

Full Awardees

1

Partial Awardee

Mock Pitch Day

NOV 1

Pre-proposals due

JAN 7-9

Bootcamp kicks off

MAR 15

Proposals due

APR 24

Pitch Day

JAN 31

Bootcamp

Finale (4-week)

DEC

JAN

FEB

MAR

ARP

NOV

Our

Methodology

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 conducting 100 customer interviews

Bootcamp for applicants (optional, but strongly encouraged):

4 or 8 weeks starting in January

In-person kickoff (2-3 days) and finale (2 days) with weekly meetings (~2 hours) in between

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

A Month in the Life

Previous Successes

Alan West

Columbia

University

Ironic Chemicals – chemicals

and fuels from electricity and

CO

2

$500K DOE grant based on a pivot conducted under PBNY

Saeed

Jazebi

NYU Polytechnic School of Engineering

HIGHEST (HIGH Efficiency Shielded Toroidal) Transformers

– helps

distribution network operators save energy

SBIR Phase 1 award

Mariusz Bojarski

NYU Polytechnic School of Engineering

Resonant power inverters optimized for highly efficient wireless charging of electric vehiclesExclusively licensed to HEVO Power

Jorge GonzalezCUNYWeatherWatt – Weather-Driven Energy Forecasting System for Commercial Buildings and Energy Managers in Urban AreasPilot test under way at one of the CUNY campuses

Yingchao (Alex) YuCornell UniversityLionano – Advanced Li-ion battery anode material with 3X capacity, 4X lifetime, 3X charging rate, reduced cost

$1M Phase 2 SBIR award$9M Series ARon TabbitasStony

B

rook University

mEAN

Technologies -

Higher Power Density PEM Fuel Cells Using

Nanotechnology

Completed third-party performance validation

$14.8M

Additional Funding Raised

23

Prototypes Completed

17

Companies Incorporated

9

SBIR/STTR Awards

9

Pilots Initiated

FAQ

What do I have to do to apply?

File

an invention report with your home institution’s tech transfer office

Have a team member eligible to receive funding through the university

Is there a bias towards short-term vs. long-term projects?

No

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, the team must select only 1 project to submit

What can I do to make my application better?

Participate in I-CorpsGet a head start on the customer discovery with the free “

How to Build a Startup” courseHow can the funds be spent?

35% indirect cost rateNo subcontracts in excess of 1/3 of the total budgetCan be used for facility fees and services (PBNY will try to subsidize)Not intended for

equipment >$25KCan lease large equipment All equipment purchased will be owned by the home institutionNot intended for marketing materials (e.g. sales brochures, website) or legal fees (these are for Ignition Grant)What if a project is not selected as one of the final awardees? Can the team reapply?

Yes, if feedback is addressedWhere can I find more information?www.powerbridgeny.com/apply

Application materials

Process information

Institution

Brookhaven National Laboratory

City University of New York

Columbia University

CornellTech

NYU

Stony Brook University

Campus Rep

Lee Cheatham

John

Blaho

Satish Rao

Fernando

Gomez-

Baquero

Chris Snyder

Donna

Tumminello

Campus Rep Email

lcheatham@bnl.gov

jblaho@ccny.cuny.edu

sr3139@mail.columbia.edu

fernando@cornell.edu

c

hristopher.snyder@nyu.mc.org

Donna.tumminello@stonybrook.edu

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

Questions? Reach out at

info@powerbridgeny.com

or contact your

Campus

Representative.

Sign up to get program updates at

www.powerbridgeny.com

Appendix: Cycle 1 Awardees

Yingchao

(Alex) Yu

Cornell University

Advanced Li-ion battery anode material with 3X capacity, 4X lifetime, 3X charging rate, reduced cost

Alan Lyons

CUNY

Antireflective

superhydrophobic

self-cleaning films: Reliable materials to increase efficiency of solar panels

Mariusz

Bojarski

NYU Polytechnic School of Engineering

Resonant power inverters optimized for highly efficient wireless charging of electric vehicles

Saeed JazebiNYU Polytechnic School of Engineering

HIGHEST (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 cablesYiannis AndreopoulosCUNYBattery replacement module for HVAC sensors

John KymissisColumbia UniversityPlugSTRATE: A low cost, wireless monitor for energy use analysisRoger Anderson

Columbia UniversityUsing machine learning to reduce electricity lost in T&D of electricity for utilities, microgrids, and in buildingsKartik ChandranColumbia UniversityIncreasing energy efficiency of wastewater treatment facilities

Genggeng

Qi

Cornell University

Pilot production of high-efficiency sorbents for cost-effective carbon capture

Alan West

Columbia University

Chemicals and fuels from electricity and CO

2

Lei

Zuo

Stony Brook University

Vibration energy harvester to power trackside electrical railroad infrastructures more efficiently and inexpensively than incumbents

Appendix: Cycle

2 Awardees

Filip Mlekicki

NYU Polytechnic School of Engineering

Sensor Technology for Groundwater Monitoring Reducing Energy, Lowering Cost, Enhancing Data Quality

Jorge Gonzalez

CUNY

Weather-Driven Energy Forecasting System for Commercial Buildings and Energy Managers in Urban Areas

Ken Birnbaum

NYU Polytechnic School of Engineering

Evolving New Algal Strains to Reduce Production Costs in the Biofuel and Nutraceutical Industries

Ron

Tabbitas

Stony Brook University

Higher Power Density PEM Fuel Cells Using Nanotechnology

Ardavan Yazdanbakhsh

CUNYEnergy Efficient Recycling of Fiberglass Waste for Reuse in Construction

Appendix: Cycle 3

Awardees

Devinder

Mahajan

Stony Brook University

Catalytic Removal of Hydrogen Sulfide Contamination From Gases

Jeffrey

Laut

NYU

Tandon

School of Engineering

A Clean and Sustainable Robot for Aquatic Applications

Nanfang

Yu

Columbia University Cool roof coatings that reduce production costs by 50% and AC costs by 20%

Ray Sambrotto

Columbia University Energy Efficient, Biologically Mediated Breakdown of Organic Pollutants

Baris Kovan

NYU Tandon School of EngineeringHarmonic Mitigating Power Transformer

Appendix: Cycle

4

Awardees

Mark

Ebrahim

CUNY

High efficiency solar power pack for outdoors and off-grid renewable energy

applications

Onur

Cakmak

Columbia University

Evaporation-driven generators for hydro-electric to increase electricity and water revenues

Steven Skiena

Stony Brook UniversityReducing energy and maintenance costs in rail freight transportation through video analysis and forecasting

Chris Castro

CUNYA dual-purpose wind/hydro turbine

Appendix: Cycle 5

Awardees

Brooklyn

BioScience

NYU

Tandon

School of

Engineering

PI: Jin Montclare

An engineered enzyme that breaks down pesticides into products that can be easily removed with

water

LazarOn

NYU Tandon School of

EngineeringPI: Nikhil GuptaOptic Sensors to detect abnormalities in Wind Turbines

SolarClear

Stony Brook

Univrsity Self-cleaning technology that removes dust from Solar Panels

Wind-RiderCity University New York

Robots that provide visual and contact-based inspection of Wind TurbinesBattery Fingerprint TechNYU Tandon School of Engineering

PI: Alexej JerschowMRI-based technology that can diagnose a battery’s health without destroying the battery