NYSERDA Awards Funds To Cleantech Center To Establish Clean Energy Business Program

Posted by NAW Staff on July 13, 2009 No Comments
Categories : New & Noteworthy

The New York State Energy Research and Development Authority (NYSERDA) has awarded $1.5 million to the Center for Clean Tech Entrepreneurship at the Tech Garden in Syracuse, N.Y., to establish a clean energy business incubator program that will provide business support to accelerate the successful development of early-stage, clean energy technology companies in central upstate New York.

Through this award and other ongoing efforts, NYSERDA is building the capacity to foster innovative clean energy companies, grow the clean energy industry in New York and expand the state's green-collar workforce.

‘One way New York is leading the nation in the clean energy revolution is through fostering successful partnerships between early-stage clean energy businesses and regional incubators that help them grow and compete in the global marketplace,’ says Francis J. Murray Jr., president and CEO of NYSERDA.

Center for Clean Tech Entrepreneurship offers support for entrepreneurs and early-stage companies through incubation, acceleration and retention. NYSERDA funds are intended to assist companies throughout the incubation process and to develop a financially self-sustaining program.

Partners in this NYSERDA initiative include the Syracuse Center of Excellence in Environmental and Energy Systems, the Greater Syracuse Chamber of Commerce and the Metropolitan Development Association. The initiative is supported by a coalition of academic research partners that include Binghamton University, Clarkson University, Cornell University, Morrisville State College, SUNY ESF and Syracuse University, as well as various energy and environmental centers at SUNY institutions across upstate New York.

SOURCE: The New York State Energy Research and Development Authority

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