Five Companies Receive Commercialization Assistance Program Grants
Awards Support Innovation in Green Technologies
State Assemblyman William Magnarelli (D-120), the Syracuse Center of Excellence and CenterState Corporation for Economic Opportunity (CEO) announced at ESF Friday that five companies have received Commercialization Assistance Program (CAP) awards totaling $248,300 to promote the commercialization of innovative green and clean technologies.
The announcement was made in ESF's Jahn Laboratory, where technology by one of the recipients, Rapid Cure Technologies, is being developed and tested.
"In 2001, when the Commercialization Assistance Program was first initiated to encourage innovation, product development and entrepreneurship in the field of indoor quality, we were confident that this matching fund program would fuel technology development, job creation and thereby strengthen our local economy," Magnarelli said. "I am pleased that we are able to point to this program and see so many successes. I congratulate all the recipients in this round of CAP awards."
The five companies and their projects are:
Ephesus Technologies of Syracuse Ephesus designs and manufactures high-quality LED fixtures using LEDs and other core components from outside suppliers. The company was awarded $50,000.
GreenView Energy Management Systems of Syracuse, New Hartford GreenView Energy Management Systems implements real-time, remotely monitored data acquisition services for commodities such as electricity, natural gas, steam, water, generators, and renewable systems, including photovoltaics, fuel cells and wind. The company was awarded $50,000.
Rapid Cure Technologies of Syracuse Rapid Cure Technologies is in the niche formulation and manufacturing of value added energy-curable resins, coatings, inks and adhesives. The company was awarded $48,300.
Synairco of Ithaca Synairco Inc. is an emerging company that is commercializing a patented ultra-efficient, environmentally responsible air conditioner. The company was awarded $50,000.
Synex of Pulaski Synex Controls is an industry leader in developing controls technology for the steam, hydronic, and thermal fluid heat transfer system markets. The company was awarded $50,000.
Four of the five companies - Ephesus Technologies, Greenview Energy, Rapid Cure and Synairco - are working with The Cleantech Center, a clean-energy incubator in Syracuse, and sponsored by the New York State Energy Research and Development Authority (NYSERDA).
The Commercialization Assistance Program, which has awarded more than $1.3 million and supported the growth and success of 26 upstate companies, is funded by a grant secured by Magnarelli and administered through SyracuseCoE and CenterState CEO. CAP grants are awarded for projects that commercialize new products and services in the three focus areas of the SyracuseCoE: indoor environmental quality, water resources and clean and renewable energy.
To date, CAP has created or retained 152 high-value jobs and $392.5 million in new revenue for Central Upstate New York companies.
"Our Commercialization Assistance Program is a key element of our efforts to create jobs in Central New York by accelerating innovations focused on energy-efficient and high-performance technologies into the marketplace," said Ed Bogucz, SyracuseCoE executive director.
"The CAP awards help bridge the gap from a smart idea to a great new product and, ultimately, a successful generator of jobs and revenue for the region," said Robert M. Simpson, president of CenterState CEO. "Together with Assemblyman Magnarelli and SyracuseCoE, we are excited about the innovation and new ideas these companies represent and are committed to supporting them as they grow and create jobs for the region."
ESF President Cornelius B. Murphy, Jr., said the CAP grants serve as a catalyst to bring some of the best Central New York ideas in the area of green and clean technologies to commercialization.
"Assemblyman Magnarelli again shows his understanding and dedication of the importance of green jobs to regional economic development. SUNY-ESF's partnership with Rapid Cure Technologies of Syracuse is of great importance to us and demonstrates that public-private partnerships work," Murphy said.
"These awards show that industry and academia can effectively collaborate to help support job growth in a region,"said Shere Abbott, vice president for sustainability initiatives at Syracuse University. "Syracuse University values Assemblyman Magnarelli's leadership and commitment to these collaborations and the CAP program, and we applaud this partnership with CenterState CEO, the CleanTech Center and others."
Francis J. Murray, Jr., said New York is leading the nation in the cleantech sector by fostering partnerships between early-stage clean energy businesses and regional incubators that help them grow and compete in the global marketplace.
"With four of the five CAP grant winners associated with The Cleantech Center, it demonstrates that New York State's commitment to business development is paying off. NYSERDA congratulates all the recipients of these awards," Murray said.
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