Campus Representatives Brookhaven National Laboratory Pat Looney jlooney@bnl.gov Cornell NYC Tech Bethany Koi ck574@cornell.edu City University of New York John Blaho jblaho@ccny.cuny.edu NYU Polytechnic School of Engineering Chris Snyder christopher.snyder@nyumc.org Columbia University Donna See donna.see@columbia.edu Stony Brook University William Worek william.worek@stonybrook.edu PowerBridgeNY is a Collaborative Effort Across Downstate Institutions, with $10 Million in Funding from NYSERDA Overview OBJECTIVE AWARDS Cleantech innovations from academic research labs more and stronger cleantech businesses in New York State Validation Phase • Up to $150K for technical proof-of-concept • Additional $ for business validation • Support from industry / entrepreneur coaches, external advisors, student teams • Milestone-based tranches Ignition Phase • $50K for company launch & marketing ELIGIBILITY CRITERIA Open to Researchers at participating institutions Within NYSERDA’s “areas of interest” Based on University IP Not for “basic research” SELECTION PROCESS First cycle: Oct 2013 Pre-proposal > full proposal > pitch day External judging committee (VCs, industry, entrepreneurs) Based on commercial potential All judging is done externally by our diverse panel of Judges, which includes representatives from the government, industry, utilities, and venture capital firms. *Returning for Cycle 2 Bill Lese Brad Pietras Dan Robinson Managing Partner Braemar Energy Ventures VP of Technology Lockheed Martin Senior Associate SJF Ventures David Cruikshank* David Wells* Edward Greer* Partner Arch Ventures Partner Kleiner Perkins NY Manager DOW Chemical Company Jackson Lehr* Jigar Shah Johannes Rittershausen* John Freer* Director National Grid Founder Jigar Shah Consulting Managing Director Convergent Energy + Power Manager, External Tech. Initiatives GE Research John Lee* Josh Wolfe Jurij Paraszczak Mike Bishop* Analyst Osage Ventures Co-founder Lux Capital Director IBM Research Senior Associate Black Coral Capital Nancy Doon Rebecca Craft* Satyen Mukherjee* Troy Devries Senior Manager Smart Grid Consortium Director, Energy Efficiency ConEd Chief Scientist & Senior Director Phillips Research Director, Research & Development ConEd Barbara Kate-Garnick Bradley Atwater Senior Research Associate Smart Grid Consortium Undersecretary for Energy and the Environment Commonwealth of Massachusetts Technical Director Lockheed Martin Frank Martino Margarett Jolly VP, Operations Columbia University Facilities Director, Research and Development ConEd Past Judges New Judges Andrea Ruotolo We assign at least one Mentor per team. Last Cycle we had 28 Mentors (~2 per team) who came from a variety of backgrounds and may have experience with startups, industry, investing, and more. How We PowerBridge The Gap Academic Research Proof of Concept Funding Commercial Enterprise (Government Grants) Access to Customers (Investors) Business Support Mentorship/Advisors Cycle 1 Numbers Cycle 2 Timeline SEP 50 14 13 10 3 Preproposals Full proposals Pitches Full awardees Partial awardees SEP 29 NOV 10 FEB 11 MAY 1 Pre-proposal application opens Teams notified Pitch teams selected Projects begin OCT OCT 10 JAN 12 MAR 4 Pre-proposals due Proposals due Pitch day NOV Mentors & Advisors assigned DEC JAN Mini “boot-camp” FEB MAR NSF Innovation Corps (I-Corps) Our Methodology • 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 talking to potential customers • Awardees will be required to conduct at least 100 interviews 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 Sample Evaluation Criteria Will Include… Technical feasibility and benefits Commercial potential Energy savings or amount of renewable energy produced Market need and size Demonstrated earlystage proof-of-principle Innovativeness of the proposed solution Ability to execute within available budget (indirect cost rate included) Strength of intellectual property Competitive landscape Feedback from mentor Qualifications of the team Commitment of the team Guidelines on “Eligible Technologies” Within NYSERDA’s Areas of Interest* CURRENTLY ELIGIBLE CURRENTLY NOT ELIGIBLE Transportation Nuclear Fuel Production Compressed Natural Gas & LNG Fuel Delivery Hydrofracking Buildings Clean Coal Energy Storage Electricity Generation Electricity Delivery & Management *An in-depth list of eligible technologies is available on the powerbridgeny.com “Apply” tab. Please email the Campus Rep for your institution if you are unsure of your eligibility. Current Awardees Genggeng Qi Yingchao (Alex) Yu Cornell University Pilot production of high-efficiency sorbents for costeffective carbon capture Cornell University Advanced Li-ion battery anode material with 3X capacity, 4X lifetime, 3X charging rate, reduced cost Alan Lyons Mariusz Bojarski CUNY Antireflective superhydrophobic self-cleaning films: Reliable materials to increase efficiency of solar panels NYU Polytechnic School of Engineering Resonant power inverters optimized for highly efficient wireless charging of electric vehicles Saeed Jazebi Marc Diaz-Aguilo NYU Polytechnic School of Engineering HIGHEST (HIGH Efficiency Shielded Toroidal) Transformers to help distribution network operators for saving energy NYU Polytechnic School of Engineering Cable transient ampacity (C.TrAm) software to monitor temperature of electric cables Yiannis Andreopoulos John Kymissis CUNY Battery replacement module for HVAC sensors Columbia University PlugSTRATE: A low cost, wireless monitor for energy use analysis Roger Anderson Kartik Chandran Columbia University Using machine learning to reduce electricity lost in T&D of electricity for utilities, microgrids, and in buildings Columbia University Increasing energy efficiency of wastewater treatment facilities Alan West Lei Zuo Columbia University Chemicals and fuels from electricity and CO2 Stony Brook University Vibration energy harvester to power trackside electrical railroad infrastructures more efficiently and inexpensively than incumbents Note: all funding will be released based on successful interim tech & business project milestones Mutual Expectations for Awardees Teams that complete all milestones and establish a company in New York State will be eligible to apply for $50K Ignition Grants. Technical Business What we expect from you… • Develop initial prototype • Targeted experiments to de-risk the technology • Conduct in-field testing • • • • • • • What you can expect from us… • Mentors & coaches • Funding for tech Development • Access as needed to: - Student teams for design & prototyping - Built environments for testing prototypes • Funding for: - Conference travel & fees - SBIR/STTR assistance • Mentors & coaches • Financial support in addition to Project Funds for business and external assistance • Access as needed to: - Student teams for business & marketing support - Educational panels & boot camps - Networking w/ VCs, industry, entrepreneurs - Subsidized tax, law, accounting Market assessment Competitive landscaping 100 customer interviews Business plan development Develop commercial “pitch” Talk to potential investors SBIR/STTR application (if relevant) • Identify entrepreneurial lead A Month in the Life • EL spends 40-60 hours on the project • Conduct 10-15 customer interviews • Update Business Model Canvas based on interviews • Annotate changes for discussion at monthly meetings • Meet once with Director to discuss both technical and business milestone progress • Attend a Skills Lab or other required event (usually about an hour) • Work with Mentor at least 4-5 hours • Work on preparing quarterly reports FAQ What do I have to do to apply? • File an invention report with your home institution’s tech transfer office • Complete the 2-page pre-proposal (available in Fall 2014) Is there a bias towards short-term vs. longterm projects? • No preference, as long as milestones are met What does PowerBridgeNY expect in return for funding? • No equity stake nor revenue share for • No impact on the intellectual property ownership Can a PI apply with more than one application? • Yes, but if more than one pre-proposal is invited to submit a full proposal, we will ask the PI to select which project he or she would like to move forward with Are there any restrictions on the use of funds? • 35% indirect cost rate • No subcontracts in excess of 1/3 of the total project budget • Can be used for facility fees and services, though PBNY will work to subsidize these costs • Not intended for capex equipment >$20K • Leasing large equipment is acceptable • All equipment purchased will be the property of the home institution • Not intended for marketing materials (e.g. sales brochures) 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 addressed Where can I find more information? • www.powerbridgeny.com/apply • Application materials • www.powerbridgeny.wikispaces.com • Process information Sign up to receive updates by emailing your Campus Representative or visiting www.powerbridgeny.com/contact Institution Campus Rep Campus Rep Email Tech Transfer Website Brookhaven National Laboratory Pat Looney jlooney@bnl.gov www.bnl.gov/techtransfer City University of New York John Blaho jblaho@ccny.cuny.edu www.cuny.edu/research/ovcr/tco.html Columbia University Donna See donna.see@columbia.edu www.techventures.columbia.edu Cornell NYC Tech Bethany Koi ck547@cornell.edu www.cctec.cornell.edu NYU-Poly Chris Snyder christopher.snyder@nyu.mc.org Oil.med.nyu.edu/faculty-students Stony Brook University William Worek William.worek@stonybrook.edu www.stonybrook.edu/research/otlir