Program Description: ACRE is a business incubator that supports the growth of high-impact, early-stage venture companies positively impacting climate change. ACRE incubator companies receive business advisory services, marketing and design support, PR support, investor meeting preparation and introductions, access to mentors and channel partners, and office space in Downtown Brooklyn, NY. ACRE is located within the Urban Future Lab, a part of NYU's Tandon School of Engineering. As of 2016, ACRE companies have raised over $100M in private investment, secured over $220M in project financing, and have created over 340 new green jobs.
Technology Sectors Supported: Agriculture, Distributed Energy, Energy Efficiency, Energy Storage, Green Buildings, Information & Communication Tech, Other, Power Generation, Smart Grid, Transportation & Mobility, Waste
Geography Served: ACRE portfolio companies include startups and international growth-stage companies that serve the New York market.
Stage of Company Served: Funding/Sales, Manufacturing, Testing/Certification
Program Tenure: 9 years
Requirements: ACRE primarily supports startups that are beyond proof-of-concept, and are in the early stages of deployment in New York. All applications are welcome by going to the application page (https://gust.com/organizations/nyc-acre) or by contacting the Managing Director.
Cost/Fees for Services/Equity Stake: Program costs start at $450/month, no equity taken