Governor Andrew M. Cuomo today announced the $10 million New York Climate Progress Program to bolster the state’s clean energy economy. The Program will provide capital investments to support startups that create low-carbon goods and services, allowing them to continue to scale decarbonization products in market. This announcement supports Governor Cuomo’s climate and clean energy agenda, including the mandate for an 85 percent reduction in greenhouse gas emissions by 2050, as outlined in the Climate Leadership and Community Protection Act.
“A greener future is a brighter one, and New York is leading the way forward on protecting our environment while creating new jobs and bolstering our economy,” Governor Cuomo said. “The New York Climate Progress Program will help us support innovative startups that are generating new economic activity with clean, low-carbon products and services. The technologies created by these companies can help us fight climate change and support New Yorkers’ livelihoods as we work to make communities across the state more resilient.”
The $10 million Climate Progress program is open to early-stage startup firms focusing on climate technology that have raised less than $25 million in private capital, have less than $10 million in annual revenue, and have fewer than 50 employees–with at least one employee in New York State. Applicants must have a product in market that aligns with the goals of the Climate Leadership and Community Protection Act and must demonstrate one of the following:
- New York State-based supply chain partners, vendors, investors or service providers in the state;
- New York State-based research, development, manufacturing or sales operations; or
- A current or future market of customers within New York State.