The goal of PowerBridgeNY is to leverage clean energy innovations emerging from institutional research labs to create more and stronger energy businesses in New York State. PowerBridgeNY will identify promising early stage technologies and invest in translational work to advance these technologies towards technical validation. The Program will provide support to selected project teams for all aspects of company formation. This includes active mentoring and project management to aid in assessing the competitive landscape, developing a business plan, team building, and securing investors as well as financial investments from PowerBridgeNY to translational projects for prototyping and in-field testing studies. To further aid these emergent companies, PowerBridgeNY seeks to enhance the cleantech ecosystem in downstate New York by hosting a number of networking and educational events throughout the year.