The New York City
Accelerator for a Clean and Renewable Economy; an NYU-Poly i2e initiative

Sources: U.S. Energy Information Administration, Form EIA-923, "Power Plant Operations
Report.”

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Grow an ecosystem of entrepreneurs, innovative local startups and international companies
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Identify solutions to climate and energy issues in dense, urban environments
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Create jobs, wealth and revenue growth in NYC
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Leverage NYC demand, markets, and talent
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Provide opportunities for academic engagement

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Coordination with market adopters + policymakers
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Streamlined access to incentives/programs
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Tech. design, development, deployment
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Subsidized faculty mentors and student interns
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Capital planning & financial operations
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Access to venture funding for growth
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Local network of experts & mentors
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‘Virtual’ membership opportunities

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NYSERDA
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NYCEDC
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NYC Investment Fund
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NYU
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Columbia University
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Pratt Institute

• Anchor a physical and virtual community of cleantech entrepreneurs at 160 Varick Street in downtown Manhattan and throughout NYC
•Build an ‘ecosystem’; tenants sharing space/knowledge, virtual tenants linked through intranet, connected to other partners in
Alternative Energy
& Power
Distributed and renewable energy generation (e.g. fuel cells, geothermal wind, solar, biofuels, wave/tidal)
Investment Fund
Materials & Green
Building
Materials recovery and recycling
Transportation &
Logistics
Alternative-fueled vehicles
(e.g. hybrid vehicles)
Energy storage and power quality
Energy infrastructure and management systems
(including related Internet and IT-based services)
Energy efficiency and transmission
Advanced and bio-based materials
Nanotechnology (I.e. precision manufacturing instruments)
Green buildings and sustainable design
Logistics (e.g. logistics software)
Air & Water
Technologies
Water purification (e.g. water recycling, ultra-filtration systems and desalination equiptment)
Water management (e.g. meters, sensors and automation systems)
Airquality (e.g. air testing equiptment and services, emission scrubbers)

Cleantech
Sector
Air & Water
Technologies
Alternative
Energy & Power
Materials &
Green Building
Transportation &
Logistics
Total
Number of
Deals
7
15
3
2
Total Amount Average
Invested Amount
(in millions) Invested
4.10
8.50
1.84
0.55
0.58
0.57
0.61
0.27
Median
Amount
Invested
0.5
0.55
0.56
0.58
• Data provided by Thomson Reuters; includes a sample of seed stage VC investments below $1mm 1/1/2004 to 6/18/2009.
Total number of investments in the sample is 27.

Why does the incubator model work?
(Making the most of available capital + minimizing risk)
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U.S. Dept. of Commerce EDA Jan. 2009:
“Incubators provide up to 20 times more jobs than community infrastructure projects (e.g., water and sewer) at a cost of $144 to $216 per job compared with $2,920 to $6,872 for the latter”
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87% of all firms that graduated from NBIA member incubators in 90’s still in business
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84% of graduates remained in community

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Credible technology & management team
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Relevant & attractive market
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Potential for sustainable competitive advantage
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Potential for growth, economic dev. + attractive exit opportunities (24 month residency)
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Eval. Metrics : Jobs, Funding ($>500k), IP, New products or services in the market

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NYSERDA: need for entrepreneurs + earlystage clean energy“C-level execs”
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25 “high-impact” individuals for first boot camp; Feb. - June
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Cleantech, energy markets, managementfocused curriculum
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Link to NYC networking events/seminars with cleantech community

Previous Facilitations:
•Convened two panels on buildings and energy use for
Climate Week NYC (2009)
•Organized year-long ‘Green Finance’ series with
Manhattan Chamber of Commerce (2010)
•Hosted energy infrastructure forum for State Dept. Iraq
CRDF program (April 2010)
Future Partnership Opportunities:
•Developing mini-conf. with USAEENYC; ‘innovations in energy: policy + tech.’
•Organizing 2011 IEEE conference; ‘urban energy issues
+ smart grid’
•Convening NYU-Poly ECE Forums with industry

( Draft to be delivered 2011)
Revenue streams under consideration:
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Federal, state, city grant funding
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Fortune 100 sponsorship
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Tenant equity/convertible debt
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Sponsored event series + newsletter

“America is the country of future. It is a country of beginnings, of projects, of vast designs and expectations.”
- Ralph Waldo Emerson, 1844