Fifth Wall’s Post

🌐 NYC: Thriving as the Silicon Valley of Climate Tech! 🏙️💡 Great to see NYC spotlighted as a leading climate tech hub 🌍🚀 in a recent article put out by Bloomberg Law! (link 👇) We're lucky to work with NYC-based climate startups and the ecosystem that supports them on a daily basis and are routinely blown away by the innovations coming out of the city. Whether it's URBAN-X and their awesome cohorts of startups working to make city life more sustainable or the out-of-this-world solutions that come out of the Newlab community, there's no shortage of examples for why New York is leading the charge in climate tech. Check out the article for a quick overview of how NYC has become a climate tech hub and the plans to double down on that in the coming years. 🔗 Article Link: https://lnkd.in/ei95YyJu #climatetech #startups #nyc #brooklyn

Climate tech is on the rise in New York City, with $3.5 billion in venture capital investment in the last two years. Private sector investors and government incentives are driving this growth. However, some are concerned that this trend may follow the same path as the investment before the climate tech crash in the early 2010s. Additionally, the upcoming 2024 elections could bring in politicians who may reverse climate regulations and subsidies. Despite these concerns, the growth of 159 climate tech startups in NYC since 2021 and the increasing impact of climate disasters on people's daily lives suggest that the climate industry is here to stay. Innovation will solve our global climate problems, and I look forward to seeing what solutions come next! #climatetech #newyorkcity #vcfunding

Don’t miss the opportunity to help solve climate change with us! Apply for the chance to win $50K and admission to the ACRE Incubator. Finalists will pitch to a jury of leading climate investors from Aligned Climate Capital, Tailwind, Lowercarbon Capital, and more to be announced. Startups can apply through two prize tracks: The Future Solutions Prize: a sector-agnostic prize track open to all climatetech companies. The Future Resilience Prize: focused on climate adaptation and resilience with particular attention to the solution’s impact on vulnerable communities. The program is looking for market-ready climate startups across all climate technology sectors that have raised less than $5M to apply. Companies do not need to be based in New York, but we like to see a plan to enter the New York market. The deadline to apply is 11:59pm ET on Wednesday, May 1st. https://lnkd.in/gsZZ3_xk

Applications are open until May 1st: urbanfuturecompetition.com 🌱 Through the Future Resilience Prize, a new addition to the Urban Future Prize Competition this year, our aim is to shine a spotlight on innovative #startups working on climate #adaptation and #resilience, stimulate more #investment in this space, and ensure a positive impact on the #communities most adversely affected by #climate change. ⚡ All other startups can apply for our Future Solutions Prize, a sector-agnostic prize track open to all #climatetech companies. Finalists will pitch in front of a jury of top climate investors for a chance to win $50K and ACRE Incubator membership. 💡 Climate adaptation involves proactively addressing and accommodating the present and anticipated effects of climate change. In light of the heightened frequency and severity of extreme weather phenomena like heat waves, droughts, and floods, it's crucial for individuals and communities to adapt and become more resilient. To learn more, read our latest newsletter: https://lnkd.in/e44sJpuN The Urban Future Prize Competition is made possible through the generous support of MUFG Bank, the New York Community Trust, and NYU Tandon School of Engineering.

#NYC is emerging as an unlikely hub for #climate technology #startups. Over $3.5 billion has been invested in New York #climatetech companies since 2021, with the city actively growing a network of innovation hubs and campuses to meet the needs of the rapidly evolving sector. With supportive government policies, access to financing, and a massive real estate sector ripe for green building upgrades, New York provides a robust ecosystem for #entrepreneurs tackling climate's big challenges. Unique public-private partnerships centered around infrastructure like the Brooklyn Army Terminal provide fertile testing grounds for companies trying to scale climate solutions. If the trend continues, New York's position as the United States' climate tech capital will only grow stronger. More from Bloomberg: https://lnkd.in/ei95YyJu

📢 Applications are now open for the $50K Urban Future Prize Competition! The Urban Future Lab at the NYU Tandon School of Engineering is looking for #climatetech startups solving the world's most pressing climate challenges to apply to their annual Urban Future Prize Competition. #Startups will compete for the chance to win two $50K cash #prizes and admission into the ACRE #Incubator, #NYC’s longest-running #climatetech incubator, through two prize tracks: 🚀 The Future Solutions Prize: a sector-agnostic prize track open to all #climatetech companies. 🌠The Future Resilience Prize: focused on climate adaptation and resilience with particular attention to the solution’s impact on vulnerable communities. #Applications are open through May 1, 2024. Apply here: https://lnkd.in/gMCpP5k. The Urban Future Prize #Competition is made possible through the generous support of the New York Community Trust, MUFG, and NYU Tandon School of Engineering. #cleantech #applytoday #fundingopportunity

New York City is rewriting its narrative as a vibrant hub for climate technology, defying its traditional finance and real estate-centric image. 🏙️ The Brooklyn Army Terminal once a military supply base, is now a dynamic campus for climate tech innovators, contributing to NYC's rise as the #SiliconValley of climate tech. Mayor Eric Adams champions these companies for not just enhancing #sustainability but also providing career opportunities, aligning with the Biden administration's vision. With $3.5 billion in venture capital funding since 2021 and over 100 startups founded, NYC's #climatetech sector is booming. Strategic infrastructure developments like the expanding Brooklyn Army Terminal and the flourishing Brooklyn Navy Yard showcase the city's commitment. Diverse industries, from energy innovation to fashion, thrive in this ecosystem. Government incentives, such as Local Law 97, and $664 million in 2023 funding across 34 deals highlight investor confidence. While concerns of a slowdown exist, the market's diversification and subsidies foster optimism. 🌱 NYC's climate tech scene remains resilient, attracting talent and investment, positioning the city as a global climate tech leader. The palpable energy reflects NYC's determination to combat #climatechange through #technology and #innovation. Read more on CREtech ➡️ https://lnkd.in/erZnfzNQ Original article posted by Bloomberg Law Mentions: Office of Mayor-Elect Eric Adams | Andrew Chang | Trakref: A Fexa Solution | Conservation X Labs | Enertiv | Andrew Kimball | EDC (Education Development Center) | Clare Newman | Trust for Governors Island | Jared Day | Matthew Isaacs | Kelvin (formerly Radiator Labs) | Billy McCall | Kintra Fibers | Sophie Purdom | Planeteer Capital | Lindsay Greene | Julie Samuels | Tech:NYC | Sightline Climate (CTVC) | Peter Davidson | Aligned Climate Capital | BlackRock | PwC | Ben Furnas | Brendan Hermalyn | Thalo Labs | Kathy Hochul for Congress | Kestrix | Lucy Lyons #ClimateTechNYC #InnovationHub #SustainableFuture #CREtech #realestate #climate #AI Michael Beckerman Lindsey Imperatore Kyle Halls Kay Ross-Baker Ryan Saunders Lauren Leal --- Follow CREtech for daily updates on driving innovation and sustainability in the real estate sector.

Innovation knows no borders, but it does sometimes speak with a Canadian accent. Melanie Adamson recently visited our neighbor to the north and returned with powerful insights about how to approach climate solutions globally. 🌎 🌱From Montreal's Startupfest to Toronto's AESP SummerCon, a key theme emerged: the power of blending cutting-edge tech with traditional wisdom. As Ken Paul, MBA BSc of Pokiok Associates noted, “The knowledge system is relational, not transactional; it's embedded in the values of wanting long-term health of the environment.” 👥 This Indigenous perspective isn't just philosophy—it's driving innovation. Canada's approach to climate tech, from ocean tech to AI-powered grid flexibility, demonstrates how a willingness to accept different types of expertise can lead to breakthrough solutions. 👉 Perhaps one of the most powerful takeaways was the critical role of systems thinking in driving climate impact. Erica Barbosa Vargas reiterated the need to “consider the full ecosystems that drive impact and measure each aspect of them.” At Alder, we're always looking for fresh perspectives to inform our strategies. These insights from Canada’s #ClimateTech leaders offer valuable food for thought for innovators everywhere. Curious about translating these ideas into action? Let's talk. ❇️ Read Mel's full blog for more on funding challenges, Indigenous leadership, and the future of #GridAI. https://bit.ly/3XuDfYU

🌍 Wrapping up an incredible week of climate innovation in NYC! 🌍 This week, we had the privilege of hosting the first intensive for cohort 5 of Innovate UK’s Global Incubator Programme, where a talented cohort of UK-based climate tech companies dove headfirst into the U.S. market. It’s been a rewarding experience to see months of planning come to life and to watch these founders take full advantage of the opportunities ahead. Here’s what we explored this week, among other topics: Customer Discovery & Value Propositions: We worked through identifying their biggest assumptions and refining their value propositions. Federal, State, and Local Regulatory Landscape: We hosted insightful sessions on navigating resources at all levels of government for those committed to driving the climate transition. U.S. Communication Styles: We explored the nuances between UK and U.S. business practices to improve cross-market communication. Mock Pitch Teardown: Companies gained an invaluable behind-the-scenes look at how VCs make investment decisions. I’m incredibly proud of what we accomplished and deeply thankful to all the speakers, mentors, and participants who made this week a success. The collaboration between Urban Future Lab, Greentown Labs, and Innovate UK is paving the way for meaningful, global impact in clean tech, and I’m excited to support these companies on this journey. #ClimateTech #CleanGrowth #Entrepreneurship #Sustainability

"The Urban Future Prize Competition seeks entrepreneurs who are building startups that contribute to a more resilient and sustainable planet. Eligibility Criteria 1. Early-stage startups: a) should address climate change through technology or business model innovation across categories that include, but are not limited to: • Smart Grid and Grid Flexibility, • Renewable Energy, • Energy Distribution and Storage, • Circular Economy, • Transportation and Mobility, • Buildings, Energy Efficiency, and Building Materials, • Thermal Batteries for Industrial Heat, • Climate Finance, • Investing and ESG. b) should be able to clearly articulate the potential sustainability impact from their core product or service; c) if selected, must designate one person from their team to pitch at the Urban Future Summit, on Oct 24th. Finalists will be informed no later than mid-August 2024. 2. Companies may be internationally based, however, winners are to maintain at least one full-time startup employee and one desk at our incubator in New York City. 3. Winners of the Prizes commit to participation in the ACRE Incubator at the Urban Future Lab in Downtown Brooklyn for a minimum six-month incubation period. Relocation and program membership costs are not covered. The Urban Future Prize Competition culminates with the Urban Future Summit, an event for climate entrepreneurs, technologists, government officials, business leaders, investors, and innovators in New York City. Finalists will pitch at our Urban Future Summit on October 24th, 2024. Two non-dilutive prizes of $50K each will be awarded to two companies who embody the drive and mission needed to address the greatest challenge of our time. The Future Solutions Prize and Future Resilience Prize winners will also join the ACRE Incubator [...]. Deadline: 1-May-24 at 11:59 pm ET." For more information visit https://lnkd.in/dQrRprqy #UrbanFuturePrizeCompetition #UrbanFutureSummit #ClimateResilience #FutureSolutionsPrize #FutureResiliencePrize #ACREIncubator #UrbanFutureLab #officiopontoambientegmailcom - Repost by Officio Ambiente Ltda. http://goo.gl/GCk5pL