A local startup is one of eight finalists selected for the $2.5 million 76West Clean Energy Competition in the Southern Tier, Gov. Andrew Cuomo announced Thursday. The competition is in its second year.
MicroEra Power LLC is a Rochester startup focused on commercializing ultra-efficient stationary power generation for commercial customers.
The company will compete for six awards that total $2.5 million.
“The 76West competition is bringing innovative businesses to the Southern Tier, generating new economic opportunities for entrepreneurs and supporting the region’s growing clean energy economy,” Cuomo said in a statement. “This competition is not only spurring job growth and combating climate change, but also attracting top-notch businesses from across the nation to New York.”
Finalists were selected from 15 semifinalists after a pitch session at SUNY College of Technology at Alfred on July 11.
The finalists were slated to pitch their companies to a different panel of judges Thursday in Corning where Judges will select the six award winners. The winners will be selected later this summer, officials said.
The other in-state finalists are StorEn Technologies Inc., Long Island; SunTegra, Mid-Hudson Valley; SolarKal, New York City; and Biological Energy, Southern Tier. The out-of-state finalists are EthosGen, Wilkes-Barre, Pa.; Skyven Technologies, Dallas; and Visolis, Berkeley, Calif.
76West is a $20 million competition and support program that will run once a year through 2019, officials said. Each year applicants compete for a $1 million grand prize, a $500,000 award and four $250,000 awards. In total, 76West will provide $10 million in awards and $10 million for business support, marketing and administration through the Regional Greenhouse Gas Initiative and Clean Energy Fund.
One stipulation is that companies must either move to the Southern Tier or establish a connection with the Southern Tier, such as supplying components to other companies that helps to create jobs in the area. For companies currently operating in the Southern Tier, they must commit to substantially growing their business and employment in the region, officials said.
The New York State Energy Research and Development Authority administers the 76West Competition.
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