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NEXUS-NY
NEXUS-NY is a clean energy proof-of-concept accelerator funded by NYSERDA and operated by High Tech Rochester. We intend to help New York researchers create...
NEXUS-NY
NEXUS-NY is a clean energy proof-of-concept accelerator funded by NYSERDA and operated by High Tech Rochester. We intend to help New York researchers create scalable, clean-energy start-up companies. We will succeed by providing financial and other assistance to early-stage technology teams.
General information
Firm type
Private Equity
Year founded
2013
Location
Region
North America
Country
United States
City
Rochester
Corporate office
Rochester, NY, United States
Frequently asked questions
How does NEXUS-NY source its portfolio companies?
NEXUS-NY sources through a structured annual cohort program, drawing heavily from university spinouts, federal lab technologies, and entrepreneurs embedded in New York State's clean-energy ecosystem. The firm's Rochester location provides access to R&D assets at the University of Rochester, and the selection process favors companies with an existing grant or research foundation that NEXUS-NY can help commercialize.
Does NEXUS-NY operate more like a venture capital fund or an accelerator?
NEXUS-NY operates as a hybrid. It resembles an accelerator with its cohort-based model, fixed-duration programming, and emphasis on commercialization support. However, it also invests capital directly at the seed stage, giving it a venture fund's balance-sheet posture. Its funding rounds are often tied to state economic-development grants, which influences both pacing and selection criteria.
What is the relationship between NEXUS-NY and New York State?
NEXUS-NY's venture program is closely aligned with New York State's economic-development agenda, particularly around clean-energy commercialization. Its funding cycles are partially grant-linked, and its mandate includes fostering technology job creation in the upstate region. This relationship shapes investment pacing and exit expectations.
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