Share Innovation and Commercialization Initiative Seeks Proposals to Build a World-Class, Self-Sustaining Ecosystem of Carbon-To-Value Research, Technology Transfer, and Commercialization
WYSIWYG Governor Andrew M. Cuomo today announced $10 million to launch the Carbontech Development Initiative, a program to establish New York State as a world-class hub of carbon-to-value research, technology transfer and commercialization. New York State is seeking proposals from organizations to design and operate this new entity, which will build out programming, secure sources of funding and engage industry participants, and environmental justice and other disadvantaged communities to drive the innovation needed to capture waste and atmospheric carbon, build out its utilization as valuable products and ultimately facilitate deep decarbonization economy-wide. Today's announcement supports Governor Cuomo's nation-leading clean energy and climate goals as outlined in the Climate Leadership and Community Protection Act.