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 which are selected through a competitive application process. Program participants are eligible to receive up to $75,000 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 21 startup companies. Fifteen graduates have gone on to raise more than $23M, and six 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.
Clean Technology, Industrial/Energy