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The Clean Fight’s second cohort will focus on older buildings in need of more extensive updates, but are less resourced compared to Class A buildings.
New York non-profit accelerator, The Clean Fight, has opened applications for start-ups with scalable solutions for tackling the decarbonisation of the mass-market of buildings in New York state.
The second edition of The Clean Fight is focusing on buildings that are often older and in need of more extensive updates, but are less resourced compared to Class A buildings.
The accelerator, powered by clean-energy non-profit New Energy Nexus and supported by the New York State Energy Research and Development Authority (NYSERDA), aims to help growth-stage cleantech companies from around the world scale in New York.
Mass-market buildings, which are more likely to house frontline and underserved communities, have often been overlooked, but are critical to decarbonise. Greening these buildings not only has significant climate impacts, but also has the potential to improve the overall health, comfort and cost of living for residents.
“We are thrilled to take on a new class of growth-stage companies working to drive scalable impact in New York’s mass-market buildings, some of the hardest but most critical to decarbonise,” said Kate Frucher, managing director, The Clean Fight.
“Through innovations spanning electrification, zero-carbon energy, building optimisation, demand response, low-carbon materials, modular construction, and more, we have a major opportunity to enhance the mass-market of buildings in New York, while also driving equity and sustainability across the state.”
Eight- to 10 growth-stage, high-potential start-ups will be selected to take part in the six-month programme, taking place from November 2021 to April 2022. The start-ups selected will receive introductions to leading customer and investor partners who can enable rapid growth, tailored support services to equip the company for scale, and guidance navigating the New York market from top regulators and industry experts.
“Through innovations, we have a major opportunity to enhance the mass-market of buildings in New York, while also driving equity and sustainability across the state”
During the programme, the companies are eligible to apply for non-dilutive grant funding with a 2:1 private match of up to $250,000 to support resulting partnership agreements, bridge loans, or growth rounds. This work supports New York State’s climate and clean energy goals under the Climate Leadership and Community Protection Act.
“New York City is home to some of the most iconic buildings in the world and New York state is accelerating building decarbonisation through unique investments in innovative building technology companies,” said Katie MacDonald, assistant director of technology to market, NYSERDA. “The Clean Fight pushes us towards lower emissions by attracting and accelerating the best growth stage building technology companies from around the world and enabling them to deploy their products with partners and communities in New York.”
During cohort one, The Clean Fight deployed almost $900,000 in grant money to its first round of recipients helping to meet New York’s climate and clean energy goals and ensuring a just energy transition. In the five-month period, companies in the cohort raised over $75m in capital to further develop and deploy their technologies. Cohort company CarbonCure won the Carbon XPrize and BlocPower was named in the 2021 CNBC Disruptor 50 list.
Applications can be completed through 18 July at www.thecleanfight.com/apply.
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