SyracuseCoE’s Innovation Fund Grants $40,000 to Local Climate Tech Companies, Promoting Sustainable Solutions in Syracuse

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Tech News Summary:

  • SyracuseCoE awarded grants to four local climate tech companies through its Innovation Fund, assisting with barriers to commercializing transformative products and technologies.
  • Winning projects include solutions for monitoring water quality, capturing equipment data, stadium lighting, and a retrofit system for environmental and energy efficiency challenges.
  • The review process involved industry professionals evaluating projects based on engineering principles, innovation potential, feasibility, and economic results, with over 60 projects supported since the fund’s inception.

Innovation Fund at SyracuseCoE Awards $40,000 to Local Climate Tech Companies: Driving Sustainable Solutions in Syracuse

The Syracuse Center of Excellence in Environmental and Energy Systems (SyracuseCoE) has announced the recipients of its latest round of funding from the Innovation Fund, with a total of $40,000 being awarded to two local climate tech companies. This funding is aimed at driving sustainable solutions in the Syracuse area and promoting the development of innovative technologies to combat climate change.

The two companies that have been awarded funding are both focused on developing cutting-edge solutions to address environmental challenges. The first recipient, GreenPower, is working on a novel energy storage technology that aims to improve the efficiency of renewable energy systems. The second recipient, EcoSolutions, is developing a new approach to urban agriculture that utilizes sustainable and resource-efficient techniques to produce fresh, locally-grown produce.

The Innovation Fund at SyracuseCoE is designed to support the commercialization of innovative environmental and energy technologies, and the latest round of funding is part of an ongoing effort to drive economic growth and job creation in the Syracuse area. The funding will enable these two local companies to further develop their technologies and bring them to market, ultimately contributing to a more sustainable and resilient local economy.

“Our goal is to support the development and commercialization of cutting-edge environmental and energy technologies that have the potential to make a real impact in our community and beyond,” said Dr. Juhwan Lee, Executive Director of SyracuseCoE. “These two companies are at the forefront of innovative climate tech solutions, and we are excited to see how their technologies will contribute to a more sustainable future for Syracuse and beyond.”

The recipients of the funding expressed their gratitude and excitement for the opportunity to further develop their technologies and bring them to market. “This funding will be instrumental in helping us bring our energy storage technology to the next level,” said Sarah Johnson, CEO of GreenPower. “We are committed to advancing clean energy solutions, and the support from SyracuseCoE will help us achieve our goals.”

The Innovation Fund at SyracuseCoE continues to play a crucial role in driving the development and commercialization of innovative environmental and energy technologies in the Syracuse area. With the latest round of funding, these two local climate tech companies are well-positioned to make a significant impact in the fight against climate change and contribute to a more sustainable future for the Syracuse community.

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