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NYU Tandon incubator program reviews entrants, graduations, funding rounds for 2015
Submitted by admin on December 28, 2015 - 10:37am
The three incubators associated with NYU's Tandon School of Engineering welcomed 21 new entrants including six at the NYSERDA-supported NYC ACRE clean-energy incubator, according to a year-end review published by the NYU Tandon news office.
Milestones reported by incubator clients during the year included several major funding rounds, graduations and awards or recognitions:
- Agrilyst won Tech Crunch Disrupt.
- Bounce Exchange moved into the New York Times Building and is expanding to Germany and Singapore.
- Clarifi, a Varick Street Incubator tenant, raised a $10 million round of funding and graduated.
- CB Insights, a graduate of the Varick Street Incubator, raised a $10 million round of funding.
- Clear Grid Innovations won Second Prize at Columbia University's Energy Symposium.
- EVBox , the EU’s leading electric vehicle charging company, launched its American operations at NYC ACRE.
- Pure Energy Partners helped to create and launch the new Carbon X prize for carbon emissions reduction.
- Sistine Solar won a coveted $1million SunShot grant from the U.S. Department of Energy.
- StyleSage won a “Game Changer” Award in Europe.
- Swyft Media graduated from the Varick Incubator by way of acquisition.
- United Wind, an NYC ACRE graduate, secured $13.5 million in financing for small-scale wind leases.
- Verizon Powerful Answers awarded two companies $250,000: Radiator Labs and Books that Grow.
- Three companies—BlocPower, Smarter Grid Solutions, and Sealed—won New York State Reforming the Energy Vision (REV) demonstration / NY Prize contracts.
The university reports a 90 percent survival rate for the incubator program. Of 64 firms graduated since the program opened in 2009, some 56 remain operational. The year-end review also recaps the 5 companies approved by the state for residency in tax-free START-UP NY space collocated with the three incubators.
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