News

March 18, 2010

HVCFI And E2TAC Receive NYSERDA Award For Energy Focused Incubators & Accelerators

By: by Phyllis Levine, Hudson Valley Center for Innovation

Source:

FISHKILL, N.Y. (MARCH 18, 2010) The University at Albany's Energy & environmental Technology Applications Center (E2TAC) at the College of Nanoscale Science and Engineering (CNSE) and the Hudson Valley Center for Innovation (HVCFI) have been successful in winning a contract from NYSERDA (New York State Energy and Research Development Authority) designed to support and promote alternative and renewable energy innovation, incubation and acceleration activities.

The formal announcement of the award is being made at the University at Albany's College of Nanotech Science and Engineering. Dr. Pradeep Haldar, Director of E2TAC and Les Neumann, the Managing Director of the Hudson Valley Center for Innovation along with representatives of the University and members of the HVCFI Board of Directors will be in attendance. 

The Mission Statement of NYSERDA is to; Advance innovative energy solutions in ways that improve New York's economy and environment. NYSERDA's Vision Statement is to; Serve as a catalyst - advancing energy innovation and technology, transforming New York's economy, empowering people to choose clean and efficient energy as part of their everyday lives

As the Managing Director for the HVCFI,  the Hudson Valley regions premier technology accelerator, Les Neumann said; "The HVCFI is proud to be a partner with the CNSE. We have combined the world class academics and research capabilities of the Nanotech Center with the business and technology commercialization and mentoring activities of the HVCFI. This award constitutes a major achievement for both the HVCFI and the greater Hudson Valley in our ongoing pursuit for technology based economic development. Until now, the Tech Valley initiative was largely confined to the Capitol Region although geographically it included the Hudson Valley. Through this partnership, the HVCFI and CNSE have secured a placeholder insuring that the Hudson Valley is not only included, but garners a prominent position in the development and expansion of the Tech Valley concept." Neumann continued; "The contract with NYSERDA provides validation of the HVCFI acceleration methodology in addition to much needed subsidies for our clients through milestone achievement for innovators, entrepreneurs and early stage enterprises involved in alternative and renewable energy. The review process for applying technologies will remain critical and diligent. But, those technologies that are accepted into the program will have access to; the highest levels of intellectual property validation, mentoring from prominent executives, academic research and introductions to funding opportunities in an effort to accelerate the commercialization of these promising technologies."

Pradeep Haldar states; "the new partnership will be known as iCLEAN. iCLEAN is emblematic of our mutual commitment to innovation, cleantech and the advancement of nanotechnology concepts in the pursuit of alternative energy technological development. The relationship with the HVCFI provides our current and new incubator clients access to executive mentoring, business development and commercialization strategies through a real-world, non-academic perspective. Together we will engage in extending our community outreach through the promotion and hosting of educational events, seminars, a dedicated iCLEAN web site in order to inform entrepreneurs, students, innovators and business people to the long lasting positive effects of alternative and renewable energy innovation and to demonstrate some of the technological advances being made by iCLEAN affiliated enterprises."

The HVCFI, along with its founding partner, the Hudson Valley Technology Development Center (HVTDC), is the regions technology accelerator serving the entrepreneurial community in the Hudson Valley from Westchester to Albany. The HVCFI provides targeted, 21st century business, academic and technical assistance to early stage alternative and renewable energy and information technology focused companies seeking to accelerate their growth, develop and validate their intellectual properties and initiate aggressive commercialization strategies designed to position themselves for long-term success in the global marketplace.