The New York City Accelerator for a Clean and Renewable Economy (NYC ACRE) helps clean technology and renewable energy companies in New York City grow, advancing the City as a role model for environmental sustainability and smart growth. NYC ACRE is seeded by a four year, $1.5M grant from the New York State Energy and Research Development Authority (NYSERDA) to the School of Engineering aimed at growing an ecosystem of entrepreneurs, international companies, and innovative local businesses that are providing solutions to climate and energy issues while growing the cleantech/renewable energy sector and creating jobs in NYC.
NYC ACRE provides resources for both physical and virtual tenants. Virtual tenants, or affiliates, are companies who need strategic guidance and business assistance, but do not need physical space. All tenants have a focus on alternative energy and clean technology, or a product or service offering that has a clear linkage to a more sustainable urban environment.