PowerBridgeNY: Cleantech Innovations & Business Support in New York State

2. Campus Representatives Brookhaven National Laboratory Pat Looney jlooney@bnl.gov City University of New York John Blahojblaho@ccny.cuny.edu Columbia University Donna See donna.see@columbia.edu Cornell NYC Tech Bethany Koi ck574@cornell.edu NYU Polytechnic School of Engineering Chris Snyder christopher.snyder@nyumc.org Stony Brook University William Worek william.worek@stonybrook.edu

3. PowerBridgeNY is a Collaborative Effort Across Downstate Institutions, with $10 Million in Funding from NYSERDA

4. Overview Cleantech innovations from academic research labs more and stronger cleantech businesses in New York State OBJECTIVE Validation Phase • Up to $150K for technical proof-of-concept • Additional $ for business validation • Support from industry / entrepreneur coaches, external advisors, student teams • Milestone-based tranches Ignition Phase • $50K for company launch & marketing AWARDS Open to Researchers at participating institutions Within NYSERDA’s “areas of interest” Based on University IP Not for “basic research” ELIGIBILITY CRITERIA First cycle: Oct 2013 Pre-proposal > full proposal > pitch day External judging committee (VCs, industry, entrepreneurs) Based on commercial potential SELECTION PROCESS

5. All judging is done externally by our diverse panel of Judges, which includes representatives from the government, industry, utilities, and venture capital firms.

6. *Returning for Cycle 2 Bill Lese Managing Partner Braemar Energy Ventures Brad Pietras VP of Technology Lockheed Martin Dan Robinson Senior Associate SJF Ventures Past Judges • David Wells* • Partner • Kleiner Perkins NY David Cruikshank* Partner Arch Ventures Edward Greer* Manager DOW Chemical Company Jackson Lehr Director National Grid John Freer* Manager, External Tech. Initiatives GE Research Johannes Rittershausen* Managing Director Convergent Energy + Power Jigar Shah Founder Jigar Shah Consulting JurijParaszczak Director IBM Research Mike Bishop* Senior Associate Black Coral Capital Josh Wolfe Co-founder Lux Capital John Lee* Analyst Osage Ventures Satyen Mukherjee* Chief Scientist & Senior Director Phillips Research Troy Devries Director, Research & Development ConEd Rebecca Craft* Director, Energy Efficiency ConEd Nancy Doon Senior Manager Smart Grid Consortium Barbara Kate-Garnick Undersecretary for Energy and the Environment Commonwealth of Massachusetts Bradley Atwater Technical Director Lockheed Martin Andrea Ruotolo Senior Research Associate Smart Grid Consortium New Judges Margarett Jolly Director, Research and Development ConEd Frank Martino VP, Operations Columbia University Facilities

7. We assign at least one Mentor per team. Last Cycle we had 28 Mentors (~2 per team) who came from a variety of backgrounds and may have experience with startups, industry, investing, and more.

8. How We PowerBridge The Gap Academic Research (Government Grants) Commercial Enterprise (Investors) Proof of Concept Funding Access to Customers Business Support Mentorship/Advisors

9. Cycle 1 Numbers 50 14 13 10 3 Cycle 2 Timeline Pre- proposals Full proposals Pitches Full awardees Partial awardees SEP 29 Pre-proposal application opens NOV 10 Teams notified FEB 11 Pitch teams selected MAY 1 Projects begin OCT 10 Pre-proposals due JAN 12 Proposals due MAR 4 Pitch day SEP OCT NOV DEC JAN MAR FEB Mentors & Advisors assigned Mini “boot-camp”

10. NSF Innovation Corps (I-Corps) • Way to find a viable business model for a startup • Lectures and “skills labs” in combination with active customer discovery • Focus on getting out of the building and talking to potential customers • Awardees will be required to conduct at least 100 interviews Our Methodology Business Model Canvas • Awardees required to update monthly • Tool used to track learnings and frame project • Completed BMC will serve as basis for investor pitch and business plan

11. Sample Evaluation Criteria Will Include… Technical feasibility and benefits Commercial potential Energy savings or amount of renewable energy produced Market need and size Competitive landscape Innovativeness of the proposed solution Demonstrated early-stage proof-of-principle Ability to execute within available budget (indirect cost rate included) Strength of intellectual property Feedback from mentor Qualifications of the team Commitment of the team

12. Guidelines on “Eligible Technologies” Within NYSERDA’s Areas of Interest* CURRENTLY ELIGIBLE CURRENTLY NOT ELIGIBLE Transportation Fuel Production Fuel Delivery Buildings Energy Storage Electricity Generation Electricity Delivery & Management Nuclear Compressed Natural Gas & LNG Hydrofracking Clean Coal *An in-depth list of eligible technologies is available on the powerbridgeny.com “Apply” tab. Please email the Campus Rep for your institution if you are unsure of your eligibility.

13. Current Awardees Jia Wang Brookhaven National Laboratory High-performance, low-cost gas diffusion electrodes for fuel cells and electrolyzers Yingchao (Alex) Yu Cornell University Advanced Li-ion battery anode material with 3X capacity, 4X lifetime, 3X charging rate, reduced cost Alan Lyons CUNY Antireflective superhydrophobic self-cleaning films: Reliable materials to increase efficiency of solar panels MariuszBojarski NYU Polytechnic School of Engineering Resonant power inverters optimized for highly efficient wireless charging of electric vehicles SaeedJazebi NYU Polytechnic School of Engineering HIGHEST (HIGH Efficiency Shielded Toroidal) Transformers to help distribution network operators for saving energy Marc Diaz-Aguilo NYU Polytechnic School of Engineering Cable transient ampacity (C.TrAm) software to monitor temperature of electric cables YiannisAndreopoulos CUNY Battery replacement module for HVAC sensors John Kymissis Columbia University PlugSTRATE: A low cost, wireless monitor for energy use analysis Roger Anderson Columbia University Using machine learning to reduce electricity lost in T&D of electricity for utilities, microgrids, and in buildings KartikChandran Columbia University Increasing energy efficiency of wastewater treatment facilities

14. Current Awardees (continued) Alan West Columbia University Chemicals and fuels from electricity and CO2 Genggeng Qi Cornell University Pilot production of high-efficiency sorbents for cost-effective carbon capture Lei Zuo Stony Brook University Vibration energy harvester to power trackside electrical railroad infrastructures more efficiently and inexpensively than incumbents

15. Note: all funding will be released based on successful interim tech & business project milestones Technical Business Mutual Expectations for Awardees What we expect from you… • Develop initial prototype • Targeted experiments to de-risk the technology • Conduct in-field testing • Market assessment • Competitive landscaping • 100 customer interviews • Business plan development • Develop commercial “pitch” • Talk to potential investors • SBIR/STTR application (if relevant) • Identify entrepreneurial lead What you can expect from us… • Mentors & coaches • Funding for tech Development • Access as needed to: • - Student teams for • design & prototyping • - Built environments for • testing prototypes • Funding for: • - Conference travel & fees • - SBIR/STTR assistance • Mentors & coaches • Financial support in • addition to Project Funds • for business and external • assistance • Access as needed to: • - Student teams for • business & marketing • support • - Educational panels & • boot camps • - Networking w/ VCs, • industry, entrepreneurs • - Subsidized tax, law, • accounting Teams that complete all milestones and establish a company in New York State will be eligible to apply for $50K Ignition Grants.

16. EL spends 40-60 hours on the project • Conduct 10-15 customer interviews • Update Business Model Canvas based on interviews • Annotate changes for discussion at monthly meetings • Meet once with Director to discuss both technical and business milestone progress • Attend a Skills Lab or other required event (usually about an hour) • Work with Mentor at least 4-5 hours • Work on preparing quarterly reports A Month in the Life

17. FAQ • What do I have to do to apply? • File an invention report with your home institution’s tech transfer office • Complete the 2-page pre-proposal (available in Fall 2014) • Is there a bias towards short-term vs. long-term projects? • No preference, as long as milestones are met • What does PowerBridgeNYexpect in return for funding? • No equity stake nor revenue share for • No impact on the intellectual property ownership • Can a PI apply with more than one application? • Yes, but if more than one pre-proposal is invited to submit a full proposal, we will ask the PI to select which project he or she would like to move forward with • Are there any restrictions on the use of funds? • 35% indirect cost rate • No subcontracts in excess of 1/3 of the total project budget • Can be used for facility fees and services, though PBNY will work to subsidize these costs • Not intended for capex equipment >$20K • Leasing large equipment is acceptable • All equipment purchased will be the property of the home institution • Not intended for marketing materials (e.g. sales brochures) or legal fees – these are for ignition grant • What if a project is not selected as one of the final awardees? Can the team reapply? • Yes, if feedback is addressed • Where can I find more information? • www.powerbridgeny.com/apply • Application materials • www.powerbridgeny.wikispaces.com • Process information

18. Sign up to receive updates by emailing your Campus Representative or visiting www.powerbridgeny.com/contact Institution Campus Rep Campus Rep Email Tech Transfer Website Brookhaven National Laboratory Pat Looney jlooney@bnl.gov www.bnl.gov/techtransfer jblaho@ccny.cuny.edu www.cuny.edu/research/ovcr/tco.html City University of New York John Blaho Columbia University Donna See donna.see@columbia.edu www.techventures.columbia.edu Cornell NYC Tech Bethany Koi ck547@cornell.edu www.cctec.cornell.edu NYU-Poly Chris Snyder christopher.snyder@nyu.mc.org Oil.med.nyu.edu/faculty-students Stony Brook University William Worek William.worek@stonybrook.edu www.stonybrook.edu/research/otlir