Urban Future Prize Competition Awards Climate Tech Funding
What happened
The 10th Urban Future Prize Competition concluded with the announcement of winners by NYU Tandon School of Engineering’s Urban Future Lab. Arcticar was awarded the Climate Mitigation Prize, and Supercool Earth received the Climate Adaptation Prize. Both winners were granted a $50,000 cash prize and admission into ACRE, a climatetech incubator.
From newswise.com
Why it matters
The competition supports early-stage founders building solutions to climate change, with prizes funding specific technologies. Arcticar's platform replaces diesel refrigeration with electric units for cold chains, while Supercool Earth uses biology to enhance precipitation for water utilities and ski resorts.
From newswise.com
Who's involved
- New York Community TrustSupported the Urban Future Prize Competition
- MUFG BankSupported the Urban Future Prize Competition
- New York State Energy Research and Development AuthoritySupported the Urban Future Prize Competition
- Brooklyn Navy YardHosted the Urban Future Summit
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
Supercool Earth's precipitation enhancement platform could help stabilize water supply for hydropower operators and water utilities.
Keep exploring
The entities involved
-
New York Community Trust
non-profit organization in the USA
Nothing else this week.
-
MUFG Bank
Japanese company
Nothing else this week.
-
New York State Energy Research and Development Authority
New York State government agency
Nothing else this week.
-
Brooklyn Navy Yard
shipyard located in Brooklyn, New York