IDEAS Alumni Carbon BioEnergy awarded the Catalyst Grant from the Massachusetts Clean Energy Center
IDEAS 2019 Alumni Carbon BioEnergy (formerly InSanirator) has been awarded the Catalyst Grant of $65,000 from the Massachusetts Clean Energy Center. The grant funding will help them develop the next iteration of their prototype to transform CO2 and sewage sludge into liquid biofuels.
In an effort to support clean energy innovation and technology development, the Baker-Polito Administration today announced $2,642,039 in funding for twenty-three clean energy companies and researchers within ten cities and towns throughout the Commonwealth. The funding is provided through the Massachusetts Clean Energy Center’s (MassCEC) Catalyst Program, which is jointly administered by MassCEC and MassVentures, and the InnovateMass Program.
“Massachusetts continues to drive decarbonization in both the Commonwealth and nationally through its robust clean energy innovation sector,” said Governor Charlie Baker. “These projects will assist in solving technical barriers, while creating jobs and strengthening local economies throughout the Commonwealth.”
“The technology development programs at MassCEC continue to ensure early-stage ventures have the resources they need to develop their critical technologies so that they can be deployed in the market,” said Lieutenant Governor Karyn Polito. “We are pleased to follow these projects as they progress to benefit both our climate and our economy.”
Since launching in 2010, Catalyst has awarded $7.2 million to 138 new companies and research teams. Past awardees have raised over $244 million in follow-on funding. Additionally, including this latest round, InnovateMass has awarded over $8.5 million in funding for demonstration projects across the Commonwealth since its launch in 2013, leveraging over $10 million in other private and public investments. Past awardees have raised over $107 million in follow-on fundraising.
“The range of technologies supported through these projects speaks to the Commonwealth’s standing as the eipcenter for cutting-edge clean energy innovation in the United States,” said Energy and Environmental Affairs Secretary Kathleen Theoharides. “Massachusetts is a national leader in cleantech development, and this funding will support breakthrough technologies that will help the Commonwealth meet its ambitious climate goals.”
“As Catalyst enters the second decade, these grantees demonstrate the robust deep tech entrepreneurial ecosystem in Massachusetts,” said MassVentures Managing Director Vinit Nijhawan.
“MassCEC is excited to support startups as they bridge difficult commercialization and technical milestones,” said MassCEC CEO Stephen Pike. “Our technology development programs aim to facilitate innovative approaches to decarbonization and ensure the Commonwealth is able to meet the challenges of climate change.”
Read the full press release at the Massachusetts Clean Energy Center website.