New York announces $3.7m for climate tech manufacturing and products

The M-Corps programmes aims to connect start-ups scaling goods that lower greenhouse gases or energy use with local supply chain partners, manufacturers and suppliers

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New York has announced more than $3.7 million (£3.25m) to bring innovative climate technology and products or climate technology manufacturing to the state.

The M-Corps programmes aims to connect start-ups scaling goods that lower greenhouse gases or reduce energy consumption with local supply chain partners, manufacturers and suppliers, prioritising connections in underserved communities.

A programme administrator will be selected by the New York State Energy Research and Development Authority (NYSERDA) to work together to guide start-ups through key decisions related to the manufacturing development process.

The administrator will facilitate supply chain relationships and partnerships, provide operational and programming support to climate tech start-ups and connect them with local resources.

Governor Hochul said: “As a climate leader, New York is aggressively working with companies that can bring new technologies to the table as we work to lower greenhouse gas emissions and hit our ambitious climate goals.

“This initiative will draw companies to join our growing green economy and connect them with manufacturing facilities across the state, including those located in underserved areas, to support economic opportunity and local supply chains as we continue our work to address climate change head on.”

NYSERDA will accept applications from qualified organisations until 4th January 2023.