BINGHAMTON, N.Y. - Clean energy researchers at Binghamton University are excited about some new federal funding that could help bring their innovations to the marketplace.
BU is receiving $750,000 from the US Economic Development Administration for its XCEED Initiative.
XCEED stands for Acceleration of Cleantech Entrepreneurial and Economic Development.
The goal is to focus on technologies being developed in the lab that benefit the environment that could be used to create clean technology companies.
B.U. Assistant V.P. Per Stromhaug says, "We have many technologies that would be a perfect fit for this program. We're looking at super-capacitors to store energy instead of batteries, we're looking at new ways to make sensors and make things more power-efficient, there's a lot of good research at Binghamton that could go through this program."
The grant will be used to pay stipends to grad students to take time off from their regular studies to investigate whether the technologies can be commercially viable.
And the money will pay for the production of prototypes.
Stromhaug says the start-ups will be located in the Clean Energy Incubator, located within the Koffman Southern Tier Incubator on Hawley Street in Binghamton.