NYC-based Venture For ClimateTech has opened applications for companies or entrepreneurs to be considered for its fourth cohort.
The program provides cohort teams with up to $50K in non-dilutive funding, along with one-on-one mentoring, access to investors, and educational programming to prepare early-stage companies for first customers, pilot runs, and investment. The accelerator, split into three phases, takes place over six months, culminating in an in-person pitch during Climate Week NYC.
The fourth cohort will focus on decarbonizing four key industry sectors: buildings, transportation, grid, and industry. Companies with solutions that positively help communities impacted by climate change also are encouraged to apply to the competitive program.
Venture For ClimateTech launched in 2021 to accelerate New York State’s equitable energy transition by advancing climate tech solutions on their path to commercialization.
Led by Jack Baron, Managing Director, the program is supported by the New York State Energy Research and Development Authority (NYSERDA) and administered by NextCorps and SecondMuse. Cumulatively, previous companies that participated in Venture For ClimateTech have raised more than $44M in follow-on funding since the beginning of the program, averaging $1.1M per company. In the recent cohort, nine founders have raised more than $7M in private venture capital and seven companies have conducted pilots with potential long-term customers.
Those interested in applying are encouraged to attend informational webinars to find out more about the program to assess if it is right for them. For more information and to register for the sessions, visit the website here.