Business Incubation
Programs at NYSERDA
Mike Shimazu
Project Manager
BIANYS Annual Meeting
May 23, 2011
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About NYSERDA
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Innovation and Business
Development
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Clean Energy Business
Incubation Programs
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About NYSERDA
•
Innovation and Business
Development
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Clean Energy Business
Incubation Programs
About NYSERDA
•
Mission: Advance innovative energy solutions in ways that
improve New York’s economy and environment.
•
Manage statutory funding for traditional product research,
development and demonstration
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Current administrator of NYS Public Service Commission
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System Benefits Charge Program (New York Energy
$mart)
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Renewable Portfolio Standard (RPS)
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Energy Efficiency Portfolio Standard (EEPS)
Regional Greenhouse Gas Initiative Allowance Auctions
Innovation
Advance innovative energy solutions …
• Achieving New York’s energy policy
goals requires innovation.
– 30 by 15
– 15 by 15
– 80 by 50 (!)
• Technology availability/affordability is at
least as strong a driver as economic
development.
NYSERDA’s Budget
Breakdown of 2010-12 Budget Across the Innovation Cycle
(All Funding Sources - in $ million)
$6.5 , 0% $13.1 , 1%
$190.7 ,
11%
Total = $1,704.1
$54.0 , 3%
$1,439.7 , 85%
Scientific Research and Analysis
Technology Development & Demonstration
Business & Market Development
Market Adoption & Expansion
Standard Practice
•
About NYSERDA
•
Innovation and Business
Development
•
Clean Energy Business
Incubation Programs
Commercialization Model
Business Growth and Acceleration
Opportunity
Assessment
Business
Concept
Feasibility
Business
Development &
Planning
Business StartUp
Business ScaleUp
Commercial
Start-Up
Commercial
Scale-Up
Technology Development
Initial Concept
Technology
Feasibility
Technology
Development &
Planning
Direct Support Programs
Business Growth and Acceleration
Opportunity
Assessment
Business
Concept
Feasibility
Business
Development &
Planning
Business StartUp
Business ScaleUp
Business Growth
Technology Development
Initial Concept
Technology
Feasibility
Technology
Development &
Planning
Commercial
Start-Up
Manufacturing
Product Development
Commercial
Scale-Up
Infrastructure Programs
Business Growth and Acceleration
Opportunity
Assessment
Business
Concept
Feasibility
Business
Development &
Planning
Business StartUp
Business ScaleUp
Commercial
Start-Up
Commercial
Scale-Up
Business Incubators/Accelerators
Business Assistance and Advice
Technology Development
Initial Concept
Technology
Feasibility
Technology
Development &
Planning
Test Centers
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About NYSERDA
•
Innovation and Business
Development
•
Clean Energy Business
Incubation Programs
Clean Energy Business Incubators
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Directed Energy (University
at Buffalo STOR)
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Clean Energy Incubator (RIT
Venture Creations)
Directed
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Cleantech Center (Syracuse
Tech Garden)
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NYC-ACRE (Polytechnic
Institute of NYU)
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iCLEAN (U Albany CNSE)
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Clean Energy Business
Incubator Program (Stony
Brook University)
Energy
Incubator Program Background
Two Competitive Solicitations
• PON 1216 (Category B) Statewide: 2009
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Buffalo
Rochester
Syracuse
NYC
• PON 1306 Capital/Mid-Hudson and LI: 2010
– Albany
– Stony Brook
Incubator Program Attributes
• Facilities-based programs
• Funding for programs, not buildings
• Provide long(-ish) term funding
– $1.5 million
– ~ 4 years
• Share startup risk
• Seek self sufficiency
• Pay for outcomes
Milestone Payments
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~$500k: Startup, marketing, administration
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~$750k: Client process milestones
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Intake process documentation/forms
Industry advisory boards
Marketing materials
Special events / projects
Sustainability plan
Reporting
Intake documentation/assistance plans
Business plans
~$250k: Client outcome milestones
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Private investment
First product introduction
Revenue milestones
Supplemental Resources
• NYSERDA Entrepreneursin-Residence
– ~40 Experienced executives
/ C-level entrepreneurs
• NYSERDA Growth Capital
Business Partners
– Outreach to global earlystage cleantech investors
Leveraging Incubator Assets
• Statewide Cleantech Innovation Network
– Web-based information services/social
networking
– Programming is key
• Proof-of-Concept Centers
– US EDA i6 Green Challenge
– Pending NYSERDA program
Incubator Program Outcomes
• Expenditures to date: ~$2.7 million
• Client companies: 64
• Client companies receiving
NYSERDA funding: 12
• New products introduced: 26
• Private capital raised: $22.4 million
• Federal funding: $6.8 million
• New jobs: 94
• Retained jobs: 165
Summary
• NYSERDA is an instrument of NYS
energy policy, with economic and
environmental objectives
• The Clean Energy Business Incubators
Program is a centerpiece of NYSERDA’s
Innovation and Business Development
effort
• So far, so good…..
Thank You
Mike Shimazu
Project Manager
mhs@nyserda.org
www.nyserda.org/businessdevelopment
BIANYS Annual Meeting
May 23, 2011