Carbon To Value Initiative Selects Eight Startups For Third Carbontech Accelerator Program

Carbon To Value Initiative Kickstarts Year 4 Of Carbontech Accelerator Program - Carbon Herald

The Carbon to Value Initiative has chosen eight startups for the third year of its carbontech accelerator. The C2V initiative is a multi-year collaborative effort that includes the Urban Future Lab at NYU Tandon School of Engineering (UFL), Greentown Labs, and Fraunhofer USA, a research organization supported by the New York State Energy Research and Development Authority (NYSERDA). 

161 startups focused on carbontech innovations from 26 countries applied to the accelerator. The eight selected companies are: 

  • C-Quester (Los Angeles, California, U.S.), a carbon capture company that uses dry granular metal carbonate purification.
  • Capro-X (Ithaca, New York, U.S.), which offers a biorefining platform that upcycles organic waste to fatty-acid biochemicals for different applications. 
  • Capture6 (Oakland, California, U.S.), a startup that removes CO2 from ambient air while producing clean water.
  • Carbon To Stone (Ithaca, New York, U.S.), a company that works on a CO2 mineralization technology.
  • Dioxycle (Paris, France / Menlo Park, U.S.), which is developing an electrolysis platform to turn CO2 into chemicals and fuel building blocks.
  • enaDyne (Freiberg, Germany), which works on non-thermal plasma catalysis reactors to convert carbon into chemicals and fuels.
  • Global Algae Innovations (San Diego, California, U.S.), a startup that grows algae that captures carbon from the atmosphere to produce protein and oil for use in the food and industrial sectors.
  • TerraFixing (Ottawa, Canada), which works on a direct air capture technology for cold climates.

Relevant: Carbon To Value Initiative Accelerator Announces Startup Selection For Year Two

The six-month carbontech accelerator aims to support the startups’ commercialization efforts and de-risk their innovations. The third cohort will have access to the C2V Initiative’s Carbontech Leadership Council (CLC), an invitation-only group that comprises corporate, nonprofit, and government leaders from diverse sectors. The selected startups will receive business knowledge, mentorship, and collaboration opportunities across the carbontech ecosystem. Each participant will also receive a $10,000 stipend. 

Among the members of the Carbontech Leadership Council are BASG, Carbon180, Carbon Direct, Unilever, Gore, and XPRIZE, among others. 

Since its establishment, the C2V Initiative has helped 18 startups raise over $350 million in follow-on funding. The outcomes of Year 1 and Year 2 of the program are available on the C2V website.

A recording of the Year 3 kickoff event is available here.

Read more: Carbon To Value Initiative’s Accelerator Is Open For Applications Till March 31st

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