Columbia University

Technology Ventures

Venture Capital Funding 101

July 17, 2018
Speaker: 
Chris Quintero
PowerbridgeNY Office in Riverside Church
490 Riverside Drive, Room 425
New York, NY
10025
04:00pm

Overview: With $10M in funding from NYSERDA, PowerBridgeNY’s mission is to turn cleantech innovations from the academic research labs of the six partner institutions into strong, cleantech businesses in New York State. We offer teams up to $150K to conduct 100 customer discovery interviews using the NSF I-Corps/Lean LaunchPad Methodology as well as develop a prototype or conduct in-field testing. The ultimate goal is to move the technology closer to commercialization via a startup (preferable) or license. During the program, we check-in with the teams monthly, host a series of events, subsidize the cost of necessary services, provide industry mentors, and arrange pro bono office hours with experts in law, finance, grant writing, and more. PowerBridgeNY is two separate proof-of-concept centers (POCC), both funded by NYSERDA, collaborating as one program. One POCC is led by Columbia University and includes Brookhaven National Laboratory, Cornell Tech, and Stony Brook University. The other POCC is led by the Tandon School of Engineering at New York University and includes the City University of New York.

The Facilitator:

Chris Quintero is a Senior Associate at Bolt, a venture capital firm designed from the ground-up to address the needs of early-stage startups at the intersection of hardware and software. He was the firm’s first hire over five years ago. Bolt now has over 55 companies in its portfolio, $120M under management, and 18 full time staff. Chris has a mechanical engineering degree from Georgia Tech and previously worked on development projects in water, sanitation, and gasification in Chile, Vietnam, and Cameroon.
 
Sponsored by:

With $10M in funding from NYSERDA, PowerBridgeNY’s mission is to turn cleantech innovations from the academic research labs of the six partner institutions into strong, cleantech businesses in New York State. We offer teams up to $150K to conduct 100 customer discovery interviews using the NSF I-Corps/Lean LaunchPad Methodology as well as develop a prototype or conduct in-field testing. The ultimate goal is to move the technology closer to commercialization via a startup (preferable) or license. During the program, we check-in with the teams monthly, host a series of events, subsidize the cost of necessary services, provide industry mentors, and arrange pro bono office hours with experts in law, finance, grant writing, and more.

PowerBridgeNY is two separate proof-of-concept centers (POCC), both funded by NYSERDA, collaborating as one program. One POCC is led by Columbia University and includes Brookhaven National Laboratory, Cornell Tech, and Stony Brook University. The other POCC is led by the Tandon School of Engineering at New York University and includes the City University of New York.

Columbia University has extensive experience founding and supporting successful commercialization programs to provide promising early‐stage technologies with funding, validation, and prototyping, to transition technology out of the academic lab and into the market at a faster rate. PowerBridgeNY is one of the programs supported by the Columbia Lab-to-Market Accelerator Network (Columbia L2M), which currently encompasses five technology commercialization programs across separate industries: medical technologies, clean technology & energy, digital media, and therapeutics. Many of these programs, like PowerBridgeNY, are multi-institutional and involve extensive collaboration with our peer universities and their tech transfer offices. Columbia L2M is committed to supporting the expansion of existing programs and the creation of new initiatives for the future. If you are interested in learning more about the network please contact Jack Steele (js5085@columbia.edu).