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NEXUS-NY Spring 2017

Jan 16 - Oct 4 | Rochester, NY, US

http://nexus-ny.org/
Moving innovative energy technologies from research labs into the market

About this Program

NEXUS-NY is a clean energy seed accelerator. Each year we provide financial, business and educational support to around 10 entrepreneurial teams in New York state which are selected through a competitive application process. Program participants are eligible to receive $50,000 or more of equity-free financial support plus additional services from NEXUS-NY mentors and partner organizations. Our entrepreneurs come from research universities and the general community and share several common traits:

They are passionate about their technology and want to start a great company

They want to solve big problems for real customers

They recognize the need to demonstrate their technology and business model through
meaningful proof-of-concept prototypes and customer interactions

NEXUS-NY provides a structured commercialization process organized around answering three fundamental questions:

What is the best commercialization pathway for a given technology? Could it be through a startup?

Does the technology work in a way that’s relevant to intended customers?

Will a customer actively engage to help validate the technology and business model?

The most promising graduating companies are eligible to receive follow-on equity investments.

To date, NEXUS-NY has helped launch 15 startup companies. Eight graduates have gone on to raise more than $6.5M, and four have generated initial customer revenue.

NEXUS-NY is a program of High Tech Rochester (HTR) and is funded largely through a proof-of-concept center grant from NYSERDA.

Funding Information

  • Funds up to $50k per team
  • Takes up to 0.0% equity
  • Accepts 10 companies

Industries

Clean Technology, Industrial/Energy