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Catalyzing the Carbontech Ecosystem: Startup Application DEADLINE January 27 2021

Business, Business News/Analysis, Funding/Financing/Investing, Green Jobs, New York, R & D Focus, Resources, Technical Resources, University/College Programs
December 3, 2020

(Carbon to Value Initiative) The Carbon to Value (C2V) Initiative will unlock a new carbontech economy, bringing innovative solutions to scale as rapidly as possible through the creation of a robust, powerful, and collaborative new ecosystem. 

Applications are now open for startups to join the first C2V accelerator cohort, which will run from May – November 2021. Startups selected to participate in the program will have the opportunity to engage with the Carbontech Leadership Council, an invitation-only group of executive leaders across diverse industry sectors driving the future of carbontech. 

To learn more about eligibility, program benefits, and program timeline, click here.

Urban Future Lab, Greentown Labs, and the Fraunhofer USA TechBridge Program announce the Carbon to Value Initiative (NYU Tandon School of Engineering)

Carbon to Value Initiative Leaders Urban Future Lab, Greentown Labs, and the Fraunhofer USA TechBridge Program Announce Formation of the Carbontech Leadership Council (Greentown Labs)

 

Excerpt from Greentown Labs: The Urban Future Lab at New York University-TandonGreentown Labs, and the Fraunhofer USA TechBridge Program announced two major steps forward in their Carbon to Value Initiative (C2V Initiative): the formation of the Carbontech Leadership Council (CLC) and the opening of applications for their 2021 cohort of startup participants. The C2V Initiative is supported by the New York State Energy Research and Development Authority (NYSERDA) and the Consulate General of Canada in New York.

The C2V Initiative is a unique, multi-year program driving the creation of a thriving innovation ecosystem for the commercialization of carbontech—technologies that capture and convert carbon dioxide (CO₂) into valuable end products or services. The program’s Carbontech Leadership Council (CLC) will be made up of a select group of corporate, academic, NGO, and government leaders who will foster commercialization opportunities and identify avenues for technology validation, testing, and demonstration of carbontech. 

Members of the CLC will create a technology roadmap for the future of the carbontech industry and will have opportunities to engage with the highly selective cohorts of startups chosen for the C2V Initiative. Through participation in the CLC, corporations can advance their sustainability goals and lead at the forefront of a new industry as the world seeks to rapidly decarbonize in response to climate change. 

The CLC’s corporate leaders will represent diverse industries that have made formal commitments to reducing carbon emissions in their core businesses and beyond. These organizations may be interested in making carbontech a core part of their business strategy, or may be future customers or supporters of carbontech products and services. Today, the partners are thrilled to announce that the first corporate CLC members include: Maurits van Tol, Chief Technology Officer of Johnson Matthey; Daisuke Kanazawa, General Manager of the Circular Economy Department at Mitsubishi Chemical CorporationLarry Meixner, Chief Innovation Officer and Chief Technology Officer of Mitsubishi Chemical Holdings Corporation; Jeanne-Mey Sun, Vice President, Sustainability of NRGAurélia Carrère, SVP Group Air & Climate Solutions, CEO Italy, Greece & Slovenia at SUEZ; and Mike McCollam, Sustainability Business Development Leader at W. L. Gore & Associates.

Additionally, the CLC will benefit from the participation and deep carbontech knowledge of: Noah Deich, Executive Director of Carbon180Nicholas Eisenberger, Co-founder & Operating Partner of the Circular Carbon NetworkKhawar Nasim, Acting Consul General of Canada in New York; and Dr. Marcius Extavour, Ph.D., Executive Director at the XPRIZE FoundationNYSERDA will also provide representatives to the CLC.

The program partners also announce that they have released a request for proposals (RFP) and are now accepting startup applications for the 2021 cohort of the C2V Initiative. The initiative seeks submissions from startups whose technologies are creating value from the capture or conversion of carbon waste, with net-zero or negative emissions.

The Urban Future Lab, Greentown Labs, and Fraunhofer USA will draw on their experience supporting game-changing climate solutions, as well as the experience of the CLC, to provide the C2V Initiative’s participating startups with workshops, mentorship, and incubator resources, alongside exclusive access to industry leaders shaping the carbontech marketplace of tomorrow. On Oct. 13, Frederic Clerc joined Urban Future Lab at NYU Tandon School of Engineering as Director of the Carbon to Value Initiative. Frederic is an experienced leader with demonstrated success working on climate change mitigation issues with multinational corporations, government, and startup ventures across various industries, including forest products, agriculture, chemicals, and energy in Canada, the U.S., Brazil, and Europe.

With over a decade of experience supporting cleantech startups, the Urban Future Lab scales market-ready solutions to climate challenges.

“We look forward to seeing many impressive startup applications from all across the world and the value chain,” said Pat Sapinsley, Managing Director of Cleantech Initiatives at NYU Tandon. “Our unique partnership combines the best incubation services in the U.S. with the corporate industry knowledge and deployment opportunities provided by the Carbontech Leadership Council. The C2V Initiative will be able to meaningfully kickstart a new carbontech industry.”

Greentown Labs, the largest climatetech startup incubator in North America, is dedicated to helping startups and corporate partners work together to bring critical climate solutions to market.

“Greentown Labs is proud to welcome the inaugural members of the Carbontech Leadership Council for the C2V Initiative,” said Emily Reichert, CEO of Greentown Labs. “These partners will provide valuable expertise throughout the initiative that is critical to scaling the solutions needed for the coming energy transition. We’re eager to receive applications from entrepreneurs from around the world and are excited to collaborate with Urban Future Lab,  Fraunhofer TechBridge, and the CLC to drive the commercialization of new technologies for the carbontech industry.”

Fraunhofer USA has established itself as a leading industry-driven international laboratory accelerating the adoption of new technologies through scientific research and engineering innovation.

Mitigating the impacts of climate change is essential,” said Thomas Schuelke, Ph.D., President of Fraunhofer USA. “Fraunhofer USA’s TechBridge program leverages Fraunhofer’s world-class, industry-grade technical expertise and facilities and provides critical resources to entrepreneurs developing and de-risking disruptive early-stage technologies. Fraunhofer USA is excited to continue our longstanding partnership and support for the upcoming Carbon to Value Initiative.” 

The C2V Initiative leaders look forward to collaborating with the first CLC members—all of whom bring commitment, expertise, and market reach to the shared goal of supporting and scaling the carbontech ecosystem. 

Johnson Matthey (JM), headquartered in the UK, is a global leader in science that enables a cleaner and healthier world. With over 200 years of commitment to innovation and technological breakthroughs, JM applies cutting-edge science to create sustainable technologies for areas such as low-emission transport, pharmaceuticals, chemical processing, and making the most efficient use of the planet’s natural resources. In 2018/19, 86 percent of its sales came from products and services related to the United Nations’ Sustainable Development Goals, and its target is to increase this to 90 percent by 2025. 

“I am thrilled that JM has been invited to join the Carbontech Leadership Council,” said Maurits van Tol, CTO of JM. “As a leading process technology and catalyst provider to the burgeoning low-carbon hydrogen industry, we understand the importance of carbon abatement technologies. We have strong interests in the use of CO2 as an emerging feedstock for sustainable fuels and chemicals and are always looking for ways we can do even more. We love to engage in partnerships that want to lead the transition to a net-zero carbon economy and look forward to providing a positive contribution to this group. 

Mitsubishi Chemical Corporation (MCC) is a member of Mitsubishi Chemical Holdings Group (MCHC Group) and advances a mission of creating innovative solutions globally based on core values of sustainability, health, and comfort—striving for the well-being of people, society, and our planet Earth. In 2020, MCC established a new Circular Economy Department with an aim of bolstering its efforts to bring about the circular economy. Global in both perspective and scale, this department operates across all business domains to propose circular economy-related solutions and develop them into businesses. 

“Mitsubishi Chemical has long been working on turning carbon dioxide into chemical products, as we believe that CO2 reduction is an area of chemical technology that can contribute to society,” said Daisuke Kanazawa, General Manager of Circular Economy Department at Mitsubishi Chemical Corporation. “We look forward to collaborating with the council members and startups.” 

NRG Energy, Inc brings the power of energy to people and organizations by putting customers at the center of its business. It generates electricity and provides energy solutions and natural gas to residential, small business, commercial, and industrial customers through a diverse portfolio of retail brands. A Fortune 500 company operating in the United States and Canada, NRG delivers innovative solutions by working toward a sustainable energy future. NRG believes that addressing climate change presents one of the greatest challenges and opportunities of our lifetime, and the company’s sector-leading sustainability commitments aim to reduce GHG emissions 50 percent by 2025 and achieve net-zero by 2050, from a 2014 baseline. In working toward a more sustainable future, NRG improves access to renewable energy, has invested in carbon capture, use, and sequestration through its investment in the Petra Nova facility, and supports innovation in the economic and beneficial use of carbon through the Carbon XPRIZE.

“As a power company, we recognize the critical role we play not only in the lives of our customers, but also in decarbonizing the economy more broadly,” says Jeanne-Mey Sun, Ph.D., Vice President of Sustainability at NRG. “We are proud to stand among like-minded organizations in support of the Carbon to Value Initiative and serve on its Carbontech Leadership Council, where we will work to accelerate progress in capturing, storing, and/or converting carbon into valuable products or services.”

SUEZ, headquartered in France, is a global leader in essential environmental services with water, sanitation, waste collection, and recovery activities. SUEZ draws on the expertise it has been developing since the late 19th century to focus on human health and quality of life, and on a circular and sustainable economy that reduces its customers’ carbon footprints while conserving and restoring the planet’s natural assets. SUEZ’s positive impact on the climate ranges from strengthening resilience in response to the climate crisis (flood prevention, forecasting systems), recycled and green products, green energy and chemicals, ecological landfill sites, and capturing greenhouse gases. SUEZ further sees an urgent need to mobilize against climate change, and as part of its Air & Climate Strategy will both produce and invest in technologies and services that monitor greenhouse gas emissions and pollutants and capture CO2 for sequestration or conversion into valuable end products.

“I am looking forward to participating in Carbontech Leadership Council,” says Aurélia Carrère, SVP Group Air & Climate Solutions at SUEZ. “We are thrilled to have this unique opportunity to interact with disruptive carbontech startups so that together we can build resilient climate impacts through piloting and scaling up innovative solutions around the world. SUEZ is committed to the 1.5° trajectory and I am personally very proud to contribute to the C2V Initiative to see the emergence of new, quick, and affordable carbon capture utilization and sequestration solutions ready for the market.”

W. L. Gore & Associates (Gore) is a global material science company dedicated to discovery, innovation, and commercialization of products that improve lives. The company develops innovative technologies that address complex environmental challenges, from air filtration for industrial applications, to fuel cell components, to sealants that reduce emissions, as well as venting products that protect sensitive electronic components in solar energy systems.

”We see great potential for the Carbon to Value Initiative to have a positive impact in a space that is extremely important and much needed in our society,” said Mike McCollam,  Sustainability Business Development Leader at Gore. “We are excited about the opportunity to contribute through this program to the development of emerging companies with disruptive ideas on capturing and converting CO2.”

NYSERDA is supporting the C2V Initiative through the ACRE incubator at the Urban Future Lab. Their support will be used to accelerate the commercialization of promising clean energy technologies in New York State through collaboration with industry-leading corporations and Partners.

Doreen M. Harris, Acting President and CEO, NYSERDA said, “We look forward to working with the Carbontech Leadership Council on bringing together thought leaders from around the globe to push the boundaries on advancing low carbon and clean energy products in support of Governor Cuomo’s efforts to combat climate change. The roadmap and support of the new cohort will help change the landscape on innovative solutions and build a trajectory for products that help us achieve economy wide carbon neutrality and foster cleaner, healthier communities across New York.”

The Consulate General of Canada in New York is supporting the Initiative and is joining as one of the first members of the CLC.

“As the first member of the Carbontech Leadership Council, we welcome our corporate counterparts whose leadership will play an integral role in accelerating carbontech development and adoption,” said Khawar Nasim, Acting Consul General of Canada in New York. “We hope that this momentum will continue to grow and attract additional support from industries that are difficult to decarbonize. Canada has become a breeding ground for carbontech innovation and we look forward to sharing those solutions with our partners.”

The C2V Initiative continues to invite CLC members. Applications for startups to apply to the first cohort of the C2V Initiative are due by Jan. 27, 2021, at 11:59 p.m. ET. Interested innovators and entrepreneurs can learn more about the call for applications by visiting the initiative’s website

Urban Future Lab

Founded in 2009, the Urban Future Lab at NYU Tandon School of Engineering is New York City’s longest-running cleantech startup incubator. As an integral part of the NYU Tandon Future Labs network, UFL provides unmatched access to industry stakeholders, strategic advice, marketing and branding support, investor networks, and a community of like-minded founders. Our portfolio of startup companies includes industry-leading startups in the areas of renewable energy, smart buildings, transportation, and resource-efficiency. UFL is leading the way to a more sustainable world by connecting people, capital, and purpose to advance market-ready solutions to address climate change. For more information, please visit ufl.nyc or find us on Twitter. For more information about NYU Tandon please visit engineering.nyu.edu.

Greentown Labs

As the largest climatetech startup incubator in North America, Greentown Labs brings together startups, corporates, investors, policymakers, and many others with a focus on scaling climate solutions. Driven by the mission of providing ground-breaking startups the resources, knowledge, connections, and equipment they need to thrive, Greentown Labs offers prototyping and wet lab space, shared office space, a machine shop, an electronics lab, software and business resources, a large network of corporate customers and investors, and more. Greentown Labs’ 100,000-square-foot campus in Somerville, MA is home to about 100 startups and has supported more than 280 startups since the incubator’s founding in 2011. These startups have collectively created more than 6,500 direct jobs and have raised more than $1 billion in funding. For more information, please visit www.greentownlabs.com or TwitterFacebook, and LinkedIn.

Fraunhofer USA and the TechBridge Program

The TechBridge Program is led by Fraunhofer USA, Inc. in the United States. Fraunhofer has established itself as a leading industry-driven international laboratory accelerating the adoption of energy technologies through scientific research and engineering innovation. The core offering of TechBridge is applied, industry-focused projects performed for entrepreneurs by the Fraunhofer Network with the express goal of de-risking novel technologies for the private sector. Projects may take the form of developing and testing prototypes, deploying field demonstrations, performing third-party validation, generating test data in an industry context, or manufacturability studies. These projects bring promising technologies closer to market and make them more attractive for private sector investment, industry adoption, and scale-up funding, ultimately leading to the accelerated success of high-growth entrepreneurs and businesses. For more information on Fraunhofer TechBridge, please visit the TechBridge webpage.

Fraunhofer USA, Inc. is a 501 (c) (3) not-for-profit organization dedicated to the advancement of applied research. Fraunhofer USA was founded in 1994 to conduct applied R & D for customers from industry and state government and the federal government in the United States. Partnering with Fraunhofer-Gesellschaft, Europe’s largest application-oriented research and development organization, Fraunhofer USA can offer both domestic and international resources to enhance its portfolio of R&D services. For more information, please visit www.fraunhofer.org

About the Consulate General of Canada in New York
The Consulate General of Canada in New York represents the Government of Canada in New York, Connecticut, Delaware, New Jersey, Pennsylvania, and Bermuda. The Consulate General’s efforts and engagements cover a range of political, commercial, cultural, security, and economic interests to Canada in our region. From providing business clients with practical advice and on-the-ground intelligence, to engaging with local, state, and federal government representatives, to servicing Canadians and visa holders, the Consulate General of Canada in New York is highly engaged with stakeholders across multiple sectors and industries.

About the New York University Tandon School of Engineering

The NYU Tandon School of Engineering dates to 1854, the founding date for both the New York University School of Civil Engineering and Architecture and the Brooklyn Collegiate and Polytechnic Institute. A January 2014 merger created a comprehensive school of education and research in engineering and applied sciences as part of a global university, with close connections to engineering programs at NYU Abu Dhabi and NYU Shanghai. NYU Tandon is rooted in a vibrant tradition of entrepreneurship, intellectual curiosity, and innovative solutions to humanity’s most pressing global challenges. Research at Tandon focuses on vital intersections between communications/IT, cybersecurity, and data science/AI/robotics systems and tools and critical areas of society that they influence, including emerging media, health, sustainability, and urban living. We believe diversity is integral to excellence, and are creating a vibrant, inclusive, and equitable environment for all of our students, faculty, and staff. For more information, visit engineering.nyu.edu.  READ MORE

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engineered yeast cells genetically enhanced microbes genetically modified organism (GMO) genome Georgia Georgia (country) geothermal German Germany Ghana GHG (Greenhouse Gas Emissions) giant cane Giant King Grass Giant Reed/Arundo GIS glass tubing gliricidia sepium global rebound effect global warming global warming potential glucose glycerin glycerin standards glycerol goats Governance practices) Government Accountability Office (GAO) government investment government subsidies grains grain sorghum/milo grain speculators GRAND-AM grants grants-local grants-state grapefruit grapes graphene graphite GRAS (generally regarded as safe) Grasses grasshoppers grease Great Green Fleet Great Lakes Greece green/black economy green bonds green chemistry Green Deal EU green economy green house facility Green Jobs Green New Deal Green Racing Green Recovery GREET model Grenada gribble growers gua beans Guam guar Guatemala guayule Guerbet reaction Guinea Gulf states gulmohar Gumweed (grindelia squarosa) Guyana GWP h Haiti Halophytes harvesting harvest site processing Hawaii hazardous waste hazelnut HBIIP Higher Blends Infrastructure Incentive Program HDCJ health health benefits health effects heat-tolerance heating oil/fuel heat of combustion heat of vaporization Heavy Duty Truck Rule heavy duty vehicles (HDV) hedging HEFA (Hydro-processed esters and fatty acids) HEFA50 hemicellulace enzymes hemicellulose hemicellulosic sugars Hemp hemp oil hemp seed herb hexanol HFO (Heavy Residual Fuel Oil) HFS-SIP hibiscus High Octane Fuel (HOF) High Octane Fuel Standard High Octane Gasoline (HOG) High Octane Vehicles (HOV) high performance regular high school project Highway Bill highway rights-of-way Highway Trust Fund history hog farmers hombayniya homogeneous-charge compression-ignition Honduras honey locust Honge tree nuts Hong Kong hops horticulture Housing and Urban Development (HUD) HPF (High Performance Fuels) HRJ (Hydrotreated Renewable Jet) human rights Hungary Hurricane Sandy 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guarantees loans lobbying loblolly pine locomotives lodgepole pine logistics long-term contracts Louisiana low carbon emissions low carbon octane standard (LCOS) Low Emission Vehicle Standards (LEV) low sulfur diesel low sulfur fuel low sulfur marine fuel lubricants lumber mill Luxembourg lysis M3 M15 M50 M100 ma macadamia macauba Macedonia machine learning Madagascar magnesium mahua Maine Malawi Malaysia Mali mallees Malta Malyasia mamona management changes mandates mangaba manganese mango mangrove Manitoba mannose manure maple maps marginal land Marine/Maritime Biofuel marine algae Marine Corps Marine Diesel Oil (MDO) Marine Gas Oil (MGO) market forces marketing markets/sales market share Mars Marshall Islands Maryland Masdar Institute Massachusetts mass balance standard Master Limited Partnership (MLP) Mauritius Mazda meat mechanics training medical waste MEEC membranes mergers and acquisitions mesquite methan methanation methane/biomethane methane leaks methanization 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regenerative braking regenerative farming regulations Regulations-Federal Regulations-State Regulatory Enhancement Growth Support (REGS) Reid vapor pressure (RVP) remediation remediation rice straw Renewable Chemical renewable chemical producer tax incentive renewable chemical production tax credit Renewable Diesel/Green Diesel/Paraffinic Diesel Renewable Diesel/Green Diesel price Renewable Diesel Production renewable diesel pumps renewable diesel tax credit renewable diesel terminal Renewable Energy Renewable Energy Directive (RED and RED II) Renewable Energy Standard Renewable Energy to Fuels through Utilization of Energy-Dense Liquids (REFUEL) renewable fuel renewable fuel oil (RFO) Renewable Fuels Directive (EU) Renewable Fuel Standard (RFS2) revisions/repeal Renewable Fuel Standard (RFS and RFS2) renewable gasoline blendstock renewable marine diesel Renewable Natural Gas (RNG) Renewable Natural Gas (RNG) price Renewable Natural Gas (RNG) pumps Renewable Portfolio Standards 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Russian olive rutabaga Rwanda ry rye Rye grass s saccharification Safer and Affordable Fuel Efficient Vehicles (SAFE) safety safflower sago pond weed SAIC SAK Salicornia salt-tolerant saltbush saltcedar sal tree salt water Sanctions Santa Monica sardine oil Saskatchewan Saudi Arabia sawdust scale up Scandinavia scholarships/fellowships Science Advisory Board (SAB) Science Policy Scotland scum sea level rise seaports seashore mallow seawater Seaweed/Macroalgae seaweed cultivation Section 526 Securities and Exchange Commission (SEC) seed-to-wheel seed husks Senegal Serbia sesame sewage Seychelles shale shale gas shale oil shark oil sheep shipping shipping containers shipworm Sierra Leone silica Silphie/cup plant/Indian cup silver silver maple simarouba Singapore sisal SK slash Slovakia Slovakia/Slovak Republic Slovenia sludge Small Business Administration small engines small refinery exemption (SRE) smog smokestack soap Social social benefit investing social cost social value social venture Society of Automotive Engineers (SAE) soi soil soil amendments soil carbon soil health soil microbial biomass solar-to-fuels solar biofuels solar energy solar energy-to-chemical conversion solaris solid oxide fuel cell Solutions solvent liquefaction Somalia soot sorghum sorghum oil sorghum stover South Africa South America South Australia South Carolina South Dakota Southeast Asia Southern Africa South Korea South Pacific South Sudan Soviet Union SOx (Sulfur oxides) soybean prices soybeans soy meal Spain spartina specifications sprawl spruce Sri Lanka Stakeholders standards start-up State Department Statistics steam explosion steam reformation steel stevia stillage storage tanks Straight (pure) Vegetable Oil (SVO or PVO) stranded assets Strategic Bioenergy Reserve STrategiv Petroleum Reserve straw students su sub-Saharan Africa sub-sim (substantially similar) succinic acid sucrose Sudan sugar sugar-to-biodiesel sugar-to-farnesane sugar-to-jetfuel Sugar Beets/Energy Beets sugarcane sugarcane prices sugarcane straw Sugar kelp sugar palm sugar platform sugar prices sugars sugars-to-fats sugar standards sulfur Sumatra sunflower supercritical fluid supercritical hydrolysis supply agreements supply chain Supreme Court surahart Suriname Sustainability Swaziland Sweden sweetgum sweet potatoes Sweet sorghum swine waste Switchgrass Switzerland sycamore syngas syngas fermentation synthetic biology synthetic diesel synthetic gasoline synthetic liquified gas (SLG) synthetic methane synthetic natural gas Syria Tailoring Rule Taiwan Tajikistan tall fescue tall oil tallow tallow tree Tamarix tank-to-wheel tank cars tankers tanker trucks Tanzania tariffs taro tar sands Tasmania tax benefit tax credit taxes tax incentives tax parity tax policy tea teach-the-teacher teacher teacher resources teacher training technical course Technical Readiness Levels techno-economic analysis technology transfer tech transfer telephone utility poles Tennessee termites terpenes 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Nations' International Civil Aviation Organization (ICAO) United Nations' Sustainable Development Goals (SDG) United Nations (UN) United States Auto Club Unleaded 88/E15 uranium urbanization urban sprawl Uruguay USAC US Agency for International Development (USAID) USAID US Army USDA Agricultural Research Service (ARS) used cooking oil (UCO) used railroad ties US ethanol exports US Geological Survey US Product Safety Commission Utah utility model Uzbekistan value chain vanadium Vancouver Vanuatu Vatican VEETC vegetable oils vehicles miles traveled (VMT) Velocys Venezuela Vermont Victoria video Vietnam vinasse vinegar vineyard waste Virginia Virgin Islands. virgin oils viruses VLSFO (very low sulfur fuel oil) volunteers w waiver Wales warranty Washington Washington DC waste waste-to-chemicals Waste-to-Energy waste-to-fuel waste alcohol Waste CO2 waste heat waste management waste oil waste paper waste vegetable oil wastewater water water consumption water footprint water hyacinth 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