HomeUSAThe Carbon to Value Initiative Announces Year 4 of Carbontech Accelerator Program

The Carbon to Value Initiative Announces Year 4 of Carbontech Accelerator Program


The Carbon to Value Initiative (C2V Initiative)—a multi-year collaboration from the Urban Future Lab at NYU Tandon School of Engineering (UFL), Greentown Labs, and Fraunhofer USA— announced the fourth year of its carbontech accelerator program. 

The C2V Initiative is driving the creation of an innovation ecosystem for the commercialization of carbontech—technologies that capture and convert carbon dioxide (CO₂) into valuable end products or services—aiming to foster a community of industry leaders and entrepreneurs focused on both reducing harmful CO₂ emissions and spurring economic development.

For its fourth accelerator cohort, the C2V Initiative and its Carbontech Leadership Council (CLC) are welcoming applications from startups at Technology Readiness Level (TRL) 4-7 that are developing carbontech solutions. More specifically, the program collaborators are interested in carbontech innovations related to the following categories:

  • Carbon Conversion to Added-value Products, e.g.:
    • CO2 to fuels (e.g. SAF/e-fuels)
    • CO2 to chemicals (e.g. methanol and higher carbon products such as C4+)
    • Biomass-based and/or other waste-carbon to value (e.g. chemical recycling, gasification, biochar)
    • Carbon mineralization (e.g. to building products, carbonates, fertilizers)
  • Carbon Capture, e.g.:
    • Point-source capture (e.g. from energy and process emissions, hydrogen production, etc.)
    • Direct-air capture (DAC)
    • Gas-separation technologies (e.g. purification, biogas upgrading)
  • Carbon Sequestration and Removal, e.g.:
    • Biomass carbon removal and storage (BiCRS) (e.g. waste biomass, biochar, biomass sinking and burial)
    • Enhanced mineralization and ocean alkalinization
    • Nature-based solutions (e.g. soil, forest, ocean)

These categories are not exhaustive, and overlap is possible. Startups with a novel carbontech innovation are encouraged to apply even if their technology is not listed above.

The program cohort will gain access to the C2V Initiative’s CLC, an invitation-only group of corporate, nonprofit, and government thought leaders across diverse industry sectors who foster commercialization opportunities and identify avenues for technology validation, testing, and demonstration. Year 4 of the initiative will feature active involvement from all CLC member organizations, offering startups exposure to a diverse array of market and business verticals in addition to tailored mentorship from some of the industry’s leading professionals. The goal of these startup-corporate engagements is to foster collaboration opportunities across the carbontech ecosystem.

Selected startups will work closely with the CLC and the C2V Initiative team over a six-month period to advance their commercialization efforts and mitigate risks of their carbontech innovations. They will also each receive a $10k stipend to support their participation in the accelerator. 

The C2V Initiative also announced that CO₂Value Europe’s Secretary General Anastasios Perimenis; Energy Impact Partners’ Partner Ashwin Shashindranath; Evonik’s Chief Innovation Officer Ralph Marquardt; Shell’s General Manager, Commercial Innovation Partnerships Akilah LeBlanc; and Veolia’s EVP Development, Strategy, Innovation Veronique Bourgier will become members of the CLC for Year 4.

These companies and their representatives join C-level executives, executive directors, vice presidents, and other top leaders from the seven existing CLC members: BASF, Carbon180, the Consulate General of Canada in New York, Fluor, Johnson Matthey, W.L. Gore & Associates, and XPRIZE.

Applications for the fourth cohort of the C2V Initiative are due by June 21, 2024 at 11:59 p.m. ET. Applicants may apply from anywhere. To learn more and apply, visit the C2V Initiative’s website.

Since the C2V Initiative’s inception, the program has supported 26 startups that have raised over $410M in follow-on funding, leading to partnership engagements and 200+ business relationships, technology advancement, and industry growth.