Columbia University

Technology Ventures

NYSERDA’s $6 million Co-Investment Fund

Thursday, December 31, 2020 - 5:00pm




Program Opportunity Notice (PON) 4150 Co-Investment Fund makes $6 million available initially to invest in companies that have successfully closed investments from investors which have been previously “qualified” through NYSERDA Request for Qualifications (RFQL) 4150 Co-Investment Fund Investor Qualification. NYSERDA’s goal is to mobilize more early-stage capital in the clean energy space by providing matching investments in promising clean energy companies alongside experienced and successful investors.

The Co-Investment Fund will make non-dilutive matching investments directly in companies ranging from $150,000 to up to $500,000 based on a minimum 2:1 ratio of qualifying private capital investment to NYSERDA dollars. NYSERDA’s Co-Investment Fund will be open to eligible companies defined as any clean energy company based in New York State, or a non-New York State clean energy company with a “demonstrated benefit in New York State”, that has raised less than $20 million in private capital from investors prior to close of the qualifying investment. NYSERDA’s investment will be structured as a non-dilutive grant, essentially a “risk-free, interest-free loan” with a recoupment provision, it will not follow the investment terms agreed to by the “qualified” investor(s) and/or other co-investor(s) in the qualifying round. Eligible companies must apply for PON 4150 Co-Investment Fund within six months of closing a qualifying investment, defined as an investment round that includes participation from one or more investors which have been previously “qualified” by NYSERDA under RFQL 4150 Co-Investment Fund Investor Qualification.

The due date is rolling. Additional information and application instructions are available here

Please note, only existing startup companies are eligible for this opportunity