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The Carbon to Value Initiative Announces Year 4 of the Initiative's Carbontech Accelerator ProgramThe accelerator seeks applications from innovative carbontech startups and announces newest Carbontech Leadership Council members SOMERVILLE, Mass. and HOUSTON and BROOKLYN, N.Y., April 16, 2024 /PRNewswire/ -- The Carbon to Value Initiative (C2V Initiative)—a multi-year collaboration from the Urban Future Lab at NYU Tandon School of Engineering (UFL), Greentown Labs, and Fraunhofer USA—enthusiastically announces the fourth year of its world-class carbontech accelerator program. The C2V Initiative is 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—aiming to foster a community of industry leaders and entrepreneurs focused on both reducing harmful CO2 emissions and spurring economic development. For its fourth accelerator cohort, the C2V Initiative and its Carbontech Leadership Council (CLC) are welcoming applications from startups at Technology Readiness Level (TRL) 4-7 that are developing carbontech solutions. More specifically, the program collaborators are interested in carbontech innovations related to the following categories:
These categories are not exhaustive, and overlap is possible. Startups with a novel carbontech innovation are encouraged to apply even if their technology is not listed above. The program chort will gain access to the C2V Initiative's CLC, an invitation-only group of corporate, nonprofit, and government thought leaders across diverse industry sectors who foster commercialization opportunities and identify avenues for technology validation, testing, and demonstration. Year 4 of the initiative will feature active involvement from all CLC member organizations, offering startups exposure to a diverse array of market and business verticals in addition to tailored mentorship from some of the industry's leading professionals. The goal of these startup-corporate engagements is to foster collaboration opportunities across the carbontech ecosystem. Selected startups will work closely with the CLC and the C2V Initiative team over a six-month period to advance their commercialization efforts and mitigate risks of their carbontech innovations. They will also each receive a $10,000 stipend to support their participation in the accelerator. Today, the C2V Initiative proudly announces that CO2Value Europe's Secretary General Anastasios Perimenis; Energy Impact Partners' Partner Ashwin Shashindranath; Evonik's Chief Innovation Officer Ralph Marquardt; Shell's General Manager, Commercial Innovation Partnerships Akilah LeBlanc; and Veolia's EVP Development, Strategy, Innovation Veronique Bourgier will become members of the CLC for Year 4. These companies and their representatives join C-level executives, executive directors, vice presidents, and other top leaders from the seven existing CLC members: BASF, Carbon180, the Consulate General of Canada in New York, Fluor, Johnson Matthey, W.L. Gore & Associates, and XPRIZE. Full details on the CLC and its representatives can be found here. Since the C2V Initiative's inception, the program has supported 26 groundbreaking startups that have raised over $410M in follow-on funding, leading to partnership engagements and 200+ business relationships, technology advancement, and industry growth. Detailed results from Year 1, Year 2, and Year 3 are available. "Carbontech is a critical suite of technologies required to scale at the gigaton level to achieve net-zero climate goals," said Frederic Clerc, C2V Initiative Director and Interim Managing Director for UFL. "However, to do so, this nascent industry requires massive ingenuity and support from government and industry. The C2V program provides strategic partnership opportunities to equip expert-vetted startups with resources that will accelerate their growth." "NYU Tandon School of Engineering is committed to bridging academic research and entrepreneurialism to spur innovation," said Jelena Kovacevic, NYU Tandon Dean and William R. Berkley Professor. "The Urban Future Lab at NYU Tandon co-leads this one-of-a-kind program, which not only yields exceptional results, but fosters unique collaborations between the participating companies and our faculty, students, and partners. AIR COMPANY exemplifies the program's opportunities. A member of C2V's inaugural cohort, the company co-located to the lab of Miguel Modestino, director of NYU Tandon's Sustainable Engineering Initiative, to leverage expertise, resources and equipment for its cutting-edge research and development." "The success of the Carbon to Value Initiative is a testament to the growing demand and enthusiasm for the deployment and commercialization of carbontech solutions," said Greentown Labs' CEO and President Kevin Knobloch. "Alongside our partners at Urban Future Lab and Fraunhofer USA, Greentown Labs is proud to continue catalyzing support for more startups working in this space and fostering collaborations with our impressive Carbontech Leadership Council." "Fraunhofer USA continues to be excited lending our expertise to the Carbon to Value Initiative alongside our partners at the Urban Future Lab, Greentown Labs, and the program's Carbontech Leadership Council," said Dr. Thomas Schuelke, President of Fraunhofer USA. "C2V's support for startups commercializing cutting-edge carbontech solutions, from carbon capture to conversion into valuable end products, is vital to reducing emissions and fighting climate change. We look forward to driving these critical innovations through applied research and industry collaboration." Applications for the fourth cohort of the C2V Initiative are due by June 21, 2024 at 11:59 p.m. ET. Applicants may apply from anywhere. To learn more and apply, visit the C2V Initiative's website. About the Urban Future Lab at NYU Tandon School of Engineering About Greentown Labs About Fraunhofer USA C2V Initiative Media Contact View original content to download multimedia:https://www.prnewswire.com/news-releases/the-carbon-to-value-initiative-announces-year-4-of-the-initiatives-carbontech-accelerator-program-302117718.html SOURCE Greentown Labs |