10/1/2012 10:10:00 AM
UAlbany NanoCollege enters into licensing agreement with its first student spin-off company to spur green energy innovation and growth
B.E.S.S. Technologies targets commercialization and scale-up of its next-generation nanostructure technology that would significantly increase energy storage capacity for lithium-ion batteries
Albany, NY – Building on Governor Andrew Cuomo’s NY-SUN initiative and energy superhighway blueprint, the College of Nanoscale Science and Engineering (CNSE) of the University at Albany announced today that it has entered into a licensing agreement with its first student spin-off company, B.E.S.S. Technologies (B.E.S.S.), which will allow B.E.S.S. to commercialize and begin scale-up of its innovative battery storage technology, enabling homegrown high-tech growth in upstate New York.
“As further testament to the vision and leadership of Governor Andrew Cuomo in supporting an innovation-driven economic development model, this licensing agreement with B.E.S.S. Technologies provides a critical path to commercialization for an emerging green energy company that got its start at the UAlbany NanoCollege,” said CNSE Professor and Vice President for Clean Energy Programs Dr. Pradeep Haldar. “This agreement with CNSE’s first student-led company demonstrates the potent combination of CNSE’s world-class education, training, and technological resources, and its ability to enable the birth and expansion of start-up companies in the globally competitive nanotechnology industry.”
“B.E.S.S. Technologies is delighted to enter into a licensing agreement with the UAlbany NanoCollege that will pave the way to commercialize and bring to market our unique technology,” said B.E.S.S. Technologies CEO Fernando Gómez-Baquero. “Having access to world-class education and training as students, along with the intellectual and technological resources at CNSE, has given B.E.S.S. a tremendous advantage, and we look forward to advancing our technology and growing our company right here in New York State.”
B.E.S.S., which stands for Battery Energy Storage Systems, is a component design and engineering firm started by a group of CNSE graduate students in 2010. Working at CNSE’s Albany NanoTech Complex, B.E.S.S. developed an innovative process to build nanostructures which offer significantly increased energy storage capacity, faster charging rates, and a longer lifetime for lithium-ion batteries.
In addition to this licensing agreement, B.E.S.S. will have continued access to the world-class cleanrooms, laboratories and tooling at CNSE, providing further stability as the company grows. It also allows for greater operating clarity, increasing the likelihood that B.E.S.S. will attract additional funding from investors and venture capitalists.
CNSE has already assisted B.E.S.S. in obtaining more than $800,000 in funding through technology programs offered by the New York State Energy Research and Development Authority (NYSERDA) and the National Science Foundation’s (NSF) Partnerships for Innovation program.
B.E.S.S. is one of 15 companies working with CNSE’s Incubators for Collaborating & Leveraging Energy and Nanotechnology, or iCLEAN incubator, which provides technical incubation assistance, including investment, legal and insurance contacts, mentoring, and other start-up business support. BESS also captured first place in the inaugural New York Business Plan Competition held at CNSE in 2010, earning $19,000 in cash and in-kind services for its next-generation battery storage technology.
About B.E.S.S. Technologies.
B.E.S.S. Technologies is a component design and engineering venture. Its mission is to improve the battery systems of assemblers and manufacturers, providing them with high-performing component designs. Its anode technology allows customers to increase the capacity, lifetime, and charging rate of their batteries, and provide better products for their customers at a competitive cost.
The UAlbany CNSE is the first college in the world dedicated to education, research, development and deployment in the emerging disciplines of nanoscience, nanoengineering, nanobioscience and nanoeconomics. With more than $14 billion in high-tech investments, CNSE represents the world’s most advanced university-driven research enterprise, offering students a one-of-a-kind academic experience and providing over 300 corporate partners with access to an unmatched ecosystem for leading-edge R&D and commercialization of nanoelectronics and nanotechnology innovations. CNSE’s footprint spans upstate New York, including its Albany NanoTech Complex, an 800,000-square-foot megaplex with the only fully-integrated, 300mm wafer, computer chip pilot prototyping and demonstration line within 85,000 square feet of Class 1 capable cleanrooms. More than 2,700 scientists, researchers, engineers, students and faculty work here, from companies including IBM, Intel, GlobalFoundries, SEMATECH, Samsung, TSMC, Toshiba, Applied Materials, Tokyo Electron, ASML and Novellus Systems. An expansion now underway, part of which will house the world’s first Global 450mm Consortium, will add nearly 500,000 square feet of next-generation infrastructure, an additional 50,000 square feet of Class 1 capable cleanrooms, and more than 1,000 scientists, researchers and engineers from CNSE and global corporations. In addition, CNSE’s Solar Energy Development Center in Halfmoon provides a prototyping and demonstration line for next-generation CIGS thin-film solar cells, supporting its leadership of the U.S. Photovoltaic Manufacturing Consortium (PVMC). CNSE’s Smart System Technology and Commercialization Center of Excellence (STC) in Rochester offers state-of-the-art capabilities for MEMS fabrication and packaging. CNSE also co-founded and manages operations at the Computer Chip Commercialization Center at SUNYIT in Utica and is a co-founder of the Nanotechnology Innovation and Commercialization Excelerator in Syracuse. For information, visit www.cnse.albany.edu
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