Carbontech Entrepreneurial Fellowship announced
More than $9 million has been established for the Carbontech Entrepreneurial Fellowship Program. It will provide support to scientists who are contributing innovations to strengthening New York as an entrepreneurial hub. Overall, this program will help organizations create commercialized products, expand entrepreneurial training and motivate a deep decarbonization of the economy.
This is one part of the overall state initiative titled the Climate Leadership and Community Protection Act, for reducing greenhouse gas emissions 85 percent by 2050. The program will support researchers as they work to commercialize the technologies they have developed. Funded by the New York State Energy Research and Development Authority (NYSERDA), the program will play a significant role in creating a sustainable carbon-to-value innovation ecosystem.
Applications are being accepted through August 2, 2021 by NYSERDA, for an organization to run the Carbontech Entrepreneurial Fellowship Program. A competitive process will be used to choose the organization. Goals for the chosen organization include finding entrepreneurial innovators to participate in the program and supporting them as they advance their products to market. Managing the program will include distributing research funding, delivering entrepreneurial training and providing a supportive network of advisors. Additionally, the company selected will also be responsible for securing additional funding to grow the program’s long-term expansion.
Submitted proposals will be evaluated based on the applicant’s experience in running entrepreneurial programs, the ability to deliver the requested services and the proposed budget. Those who are applying should incorporate a diversity-forward approach and provide information on how they will build inclusion imperatives into the program to help support the state’s equitable transition to a clean economy.