With summer well underway, our Cycle 6 teams are off to a great start, having recently completed their first quarterly review. This is a practice we instituted starting with our Cycle 5 teams to allow for external validation of the progress the teams are making and to acquaint the teams with expectations of sector investors. Each team presents to our panel of investors, program managers, mentors, and other experts to receive feedback on everything from their milestones to their team makeup to their communication style. We borrowed the practice from BiomedX, a long-standing Columbia accelerator for biomedical technologies. We as program managers try to practice what we preach by always talking to our stakeholder and peers to find ways to pivot to better practices. We would like to thank all of our wonderful partners including BiomedX for their collaborative spirits that help improve all of our programs!
In that same vein of collaboration, over the next few months we will be working with Columbia's Lab-to-Market Accelerator Network and the NYSERDA Entrepreneur-in-Residence program on a couple of workshops: one on preparing for due diligence for investment and one on preparing financial projections and general financial literacy. Stay tuned for more details.
I wish everyone a wonderful July 4th!
Associate Director | PowerBridgeNY
Cycle 6 awardee from Cornell Tech EINO (pictured to the right accepting their PowerBridgeNY award back in April) was recently accepted into 500 Startups! The team will be spending some time out in the Bay Area participating in the accelerator program and have already begun to make some good connections through the network.
If you are interested in this wonderful team, they are looking for talent to join the team! They have two open positions for a data scientist and a software product developer, so consider applying yourself or forwarding this to anyone who might be interested.
Our new Cycle 6 awardee IM Technologies (formerly known as ReTech) was recently accepted into the Association of Lighting and Mercury Recyclers (ALMR)! The team will be working with ALMR to learn more about the ecosystem and source waste bulb powder that can be used as a feedstock for their proprietary plasma arc furnace. Using the furnace, the team aims to cost-effectively extract the rare earth minerals contained in the powder for reuse.
July 8-10| The ARPA-E Energy Innovation Summit
ARPA-E annual conference and technology showcase