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Urban Future Lab

Carbon to Value Initiative (C2V) Accelerator

A six-month carbontech accelerator from NYU Tandon's Urban Future Lab, Greentown Labs and Fraunhofer USA, with a corporate leadership council.

AcceleratorApplicationStipendBoston, New York, Houston and virtual

Overview

The Carbon to Value (C2V) Initiative is a six-month accelerator for carbontech startups, run by the Urban Future Lab at NYU Tandon, Greentown Labs and Fraunhofer USA. Startups work with its Carbontech Leadership Council (CLC), an invitation-only group of corporate, non-profit and government leaders, to de-risk their path to commercialization.

Year 6 seeks startups at technology readiness levels 4 to 7 in carbon conversion to fuels, chemicals and materials; carbon capture (point source, DAC, direct ocean capture and gas separation); carbon removal and sequestration (marine CDR, BiCRS and biochar, mineralization and rock weathering); MRV hardware; and AI-enabled approaches tied to these pathways. EOR, standalone software and carbon marketplaces are out of scope.

In its first five years, supported by NYSERDA, C2V received more than 630 applications and backed 45 startups that raised over USD 700M in follow-on funding and formed 600+ business relationships. Events run in person in Boston, New York and Houston and online; in-person attendance is mandatory.

Who it is for

  • Carbontech startups at TRL 4 to 7 (validated in a lab environment).
  • Actively investigating product-market fit and seeking partnerships.
  • From anywhere in the world; no minimum or maximum funding raised.
  • Must attend in-person events in Boston, New York and Houston.
  • Out of scope: EOR, standalone software, carbon marketplaces, credits, registries, financing and insurance.

Check your startup’s fit

Admissions and application

Apply under the Year 6 Request for Applications. Applications are evaluated on novelty and feasibility, potential climate benefit, impact on the carbontech market and the startup's readiness to use the program. Applications for Year 6 are closed.

Benefits

  • Six months of programming with the Carbontech Leadership Council.
  • An in-depth corporate advisor program and collaboration opportunities with CLC members.
  • Networks and resources of Urban Future Lab, Greentown Labs and Fraunhofer USA, plus experienced mentors.
  • Up to USD 10,000 discretionary stipend per startup.

Timeline

  • Years 1 to 5: 45 startups supported.
  • Year 6: six-month accelerator; applications closed. The detailed schedule is in the Request for Applications.

Outcomes and track record

Cohorts 1 to 5 (45 startups) raised over USD 700M in follow-on funding and formed 600+ business relationships. Testimonials come from CarbonFree (Year 1), ecoLocked (Year 2) and Capro-X.

How to approach this opportunity

  1. Understand the program

    Review who can apply, how the process works, and whether applications are currently open.

  2. Build relevant evidence

    Keep a visible record of the startups, markets, and founder communities you understand.

  3. Follow the application process

    Use the official program destination and the cited source trail to confirm the current application process.

How compensation works

Up to a USD 10,000 discretionary stipend per selected startup to support participation. No equity terms are stated.

Questions about this program

What is the Carbon to Value Initiative?

A six-month carbontech accelerator run by NYU Tandon's Urban Future Lab, Greentown Labs and Fraunhofer USA with a Carbontech Leadership Council of corporate leaders.

Which startups qualify?

Carbontech startups at TRL 4 to 7 in carbon conversion, capture, removal and sequestration, MRV hardware, or AI tied to those pathways, from anywhere in the world.

What is out of scope?

EOR, standalone software, carbon marketplaces, credits, registries, financing and insurance.

Does C2V pay startups?

Yes. Up to a USD 10,000 discretionary stipend per startup to support participation.

Where does it take place?

In person in Boston, New York and Houston, and online. In-person attendance is mandatory.

Is it open now?

No. Year 6 applications are closed.

How has it performed?

Its first five cohorts (45 startups) raised over USD 700M in follow-on funding.

How are applications evaluated?

On novelty and feasibility, climate benefit, carbontech market impact and readiness to use the program.

Overlapping type, sectors, regions, or audience

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