Carbon to Value Initiative Year 3 Kickoff

444 Somerville Avenue,Somerville MA 02143

24 May, 2023

Description

Join us virtually or at Greentown Boston on Wednesday, May 24 to celebrate the kickoff of Year 3 of the Carbon to Value Initiative!After a thorough evaluation of all of this year's 161 applications for Year 3 of the C2V Initiative, we’re thrilled to announce the 12 finalists, representing a wide variety of promising carbontech innovations to capture and convert CO2 into valuable products and services! Capro-X: Biomass-based carbon capture and conversion (USA)Carbon to Stone: Carbon mineralization (USA)C-Quester: Point source carbon capture (USA)Capture6: Ocean CDR (USA)Dioxycle: Carbon conversion to fuels and chemicals (France) enaDyne: Carbon conversion to fuels and chemicals (Germany)Fairbrics: Carbon conversion to fuels and chemicals (France)Global Algae Innovations: Biomass-based carbon capture and conversion (USA)InPlanet: Enhancement Rock Weathering CDR (Germany)NULIFE GreenTech: Biomass-based carbon capture and conversion (Canada)Skytree: Direct Air Capture (Netherlands)TerraFixing: Direct Air Capture (Canada)The Carbon to Value (C2V) Initiative is a multi-year collaboration between The Urban Future Lab (UFL), Greentown Labs, Fraunhofer USA, and NYSERDA. This unique partnership is driving the creation of a thriving innovation ecosystem for the commercialization of carbontech—technologies that capture, convert and store carbon dioxide (CO₂) into valuable end products or services. The C2V Initiative is supported by the New York State Energy Research and Development Authority (NYSERDA). Three years ago the Carbon to Value Initiative was formed as a way to unlock a new carbontech economy and bring innovative solutions to scale, all while building a collaborative new ecosystem. This year marks the C2V Initiative's third year and we’ve received a record breaking number of applications —161! Following this kick-off event, startups selected to participate in Year 3 of the Initiative will have the opportunity to work closely with the Carbontech Leadership Council, an invitation-only group of executive leaders across diverse industry sectors driving the future of carbontech. Year 3 of the C2V Initiative builds on two successful years (Cohort 1; Cohort 2) that led to partnerships, technology advancement, and industry growth. At this event, attendees will hear from industry experts and hear pitches from this year's carbontech startup finalists. About Greentown Labs Greentown Labs is a community of climate action pioneers working to design a more sustainable world. As the largest climatetech startup incubator in North America, Greentown Labs brings together startups, corporates, investors, policymakers, and many others with a focus on scaling climate solutions. Driven by the mission of providing startups the resources, knowledge, connections, and equipment they need to thrive, Greentown Labs offers lab space, shared office space, a machine shop, an electronics lab, software and business resources, and a large network of corporate customers, investors, and more. With incubators in Somerville, Mass. and Houston, Texas, Greentown Labs is home to more than 200 startups and has supported more than 500 since the incubator’s founding in 2011. These startups have collectively created more than 24,000 jobs, raised more than $4 billion in funding, and generated more than $9.8 billion in regional economic impact. For more information, please visit www.greentownlabs.com. About Urban Future Lab The Urban Future Lab (UFL) at NYU Tandon School of Engineering is New York City’s longest running cleantech startup incubator. As an integral part of the NYU Tandon Future Labs network, UFL provides unmatched access to industry stakeholders, strategic advice, marketing and branding support, investor networks, and a community of like-minded founders. Our portfolio includes industry-leading startups in the areas of renewable energy, smart buildings, transportation, and resource-efficiency. UFL is leading the way to a more sustainable world by connecting people, capital, and purpose to advance market-ready solutions to address climate change. Since 2009, UFL has incubated over 70 companies that have cumulatively raised $1.65B+ in capital with 87% survival rate. For more information, please visit ufl.nyc or find us on Twitter. For more information about NYU Tandon please visit engineering.nyu.edu. About Fraunhofer Fraunhofer USA, Inc. is a 501(c)(3) not-for-profit organization that is dedicated to the advancement of applied research. Fraunhofer USA was founded to conduct applied R & D for customers from industry and state governments and the federal government in the United States. Partnering with Fraunhofer-Gesellschaft, Europe's largest application- oriented research and development organization, Fraunhofer USA can offer both domestic and international resources to our customers. The TechBridge Program is led by Fraunhofer USA with the core offering being applied, industry-focused projects performed for entrepreneurs by the Fraunhofer Network with the express goal of de-risking novel technologies for the private sector. Projects may take the form of developing and testing prototypes, deploying field demonstrations, performing third-party validation, generating test data in an industry context, or manufacturability studies. For more information, please visit www.fraunhofer.org or find us on Twitter and LinkedIn. Venue Information Parking is incredibly limited at Greentown Labs and we encourage attendees to consider taking advantage of public transportation. We’re a short walk from the newly opened Union Square station, as well as 1 mile away from the Harvard MBTA station. Union Square in Somerville is also easily accessible via the #86 and #91 MBTA buses. We offer indoor bike parking on-site and the closest Bluebikes stations are at Dane St., Conway Park and Union Square. Please reach out Kelly Wilson([email protected]), Events Coordinator, with any questions about the event.