The Uptake Alliance, a novel venture development programme aimed at advancing innovative climate solutions in New York State, is currently inviting applications from enterprising entrepreneurs and startups. This programme is designed to create an environment conducive to the growth of frontier climate tech companies by providing access to invaluable industry connections, fostering strategic partnerships, and facilitating the acquisition of non-dilutive funding and private capital essential for the deployment of clean energy and sustainable transportation technologies. These efforts ultimately lead to the reduction of greenhouse gas emissions and enhanced energy efficiency.
Accepted startups will have the opportunity to collaborate closely with corporate partners to address customer needs and deliver market-ready climate solutions. Administered by ADL Ventures and supported by the New York State Energy Research and Development Authority (NYSERDA), this programme offers a centralised platform.
This platform serves as a one-stop destination for climate tech entrepreneurs and startups seeking to establish a presence and conduct business in New York State. Its features include matchmaking, access to digital content, participation in events, access to thought leadership resources, and industry-specific information. It’s worth noting that startups from around the world are eligible to apply, underscoring the global reach and ambition of this initiative. ADL Ventures has recently been awarded $8.5 million from New York State to administer this pioneering climate tech growth platform.
“Uptake Alliance exists to ensure the adoption of market-ready climate technologies,” said Chris Richardson, Executive Director of Uptake Alliance and Partner at ADL Ventures. “We create the conditions for corporate and entrepreneurial innovation to converge. Uptake is a single concept that powerfully captures our dual focus on delivering financial performance and climate impact.”
Uptake Alliance will also offer up to $2 million in grant funding to pilot or deploy first-of-a-kind solutions that curb the impact of climate emissions to meet New York State’s climate and clean energy goals under the Climate Leadership and Community Protection Act.
Doreen M. Harris, President and CEO, NYSERDA said, “Leveraging local and global technologies that lower emissions while at the same time stimulating market growth is a win-win for the environment and our clean energy economy. NYSERDA is proud to support this new programme that will help emerging climate tech companies form new partnerships seeking to develop solutions driving greater energy efficiency throughout New York State.”