Carbon to Value Initiative says 4th cohort is open for apps: Cohort I-III companies raised $410M in follow-on funding

From Massachusetts, New York and Texas, we received news that the Carbon to Value Initiative, a partnership of the Urban Future Lab at NYU Tandon School of Engineering (UFL), Greentown Labs, and Fraunhofer USA has opened the door for applications from startups developing carbontech solutions for the fourth cohort of the accelerator — now through the June 21, 2024 deadline.

News of the new cohort follows from three years of supporting 26 carbontech startups that collectively raised $410M in follow-on funding, 

The Topics

Carbon Conversion to Added-Value Products
CO2 to fuels (e.g. SAF/e-fuels)
CO2 to chemicals (e.g. methanol and higher carbon products such as C4+)
Biomass-based and/or other waste-carbon to value (e.g. chemical recycling, gasification, biochar)
Carbon mineralization (e.g. to building products)

Carbon Capture
Point source capture (e.g. from energy and process emissions, hydrogen production, etc.)
Direct air capture (DAC)
Gas-separation technologies (e.g. purification, biogas upgrading)

Carbon Sequestration and Removal
Biomass carbon removal and storage (BiCRS) (e.g. waste biomass, biochar, biomass sinking and burial)
Enhanced mineralization and ocean alkalinization
Nature-based solutions (e.g. soil, forest, ocean)

The program is for all startups globally with a Technology Readiness Level (TRL) of 4 to 7, actively investigating product-market fit and seeking partnerships.

The C2V backstory

The Carbon to Value (C2V) Initiative drives the creation of a thriving innovation ecosystem for the commercialization of carbontech solutions that capture, convert, and sequester carbon dioxide (CO₂) into valuable end products or services—with the support of corporate partners, government leaders, and experts who help foster a robust network for our startups. In its first three years, the C2V Initiative has supported 26 groundbreaking startups that have raised over $410M in follow-on funding, leading to numerous successful partnerships and 200+ new business relationships, technology advancement, and industry growth.

More on the story

• Carbon to Value website ; Year 4 webpage
• RFA (includes benefits and eligibility details); FAQ for applicants
• Application portal (YouNoodle)