View From The Field: New York City Accelerator for a Clean and Renewable Economy
- Chris Shreve for www.stateenergyreport.com/ May 3rd, 2012
- Source: http://www.stateenergyreport.com/2012/05/03/view-from-the-field-new-york-city-accelerator-for-a-clean-and-renewable-economy/
In a bright, high-ceilinged loft in lower Manhattan lives the New York City Accelerator for a Clean and Renewable Economy (NYC ACRE), an incubator for clean technology and renewable energy start-ups.
The director of NYC ACRE, Micah Kotch, fits the part: busy but casual, and full of talking points. “We’re big believers in technology-based economic development,” he said from an orange-colored armchair in the reception area. “We’re focused on this opportunity we refer to as ‘clean web,’ or energy infotech.”
NYC ACRE is an initiative of the Polytechnic Institute of NYU and is seeded by a four-year, $1.5 million grant from the New York State Energy and Research Development Authority (NYSERDA), which has funded six clean energy business incubators around New York state. Since the program’s inception, partner companies (many of which have moved on to self-sufficiency) have brought a total of 38 new products to market.