After Rocky 2020, Island Startups Set To Rock In 2021
DECEMBER 30, 2020
(From https://www.innovateli.com/after-rocky-2020-island-startups-set-to-rock-in-2021/)
By DAVID HAMILTON
What a challenging and tumultuous year! If you’d told the December 2019 me what was
going to transpire, I’d have called you crazy – and suggested you’d read one too many
sci-fi novels by our favorite Innovate LI editor.
There was no way to see this coming: a never-ending pandemic, an unprecedented economic
collapse, social upheaval on a national scale, political turmoil unlike anything we’ve
ever seen, endless Zoom calls, three dishwasher cycles a day … and every week, something
new.
Despite all the challenges, our Long Island startup community carried on. The companies
in Stony Brook University’s Clean Energy Business Incubator Program and our Advanced Energy Research and Technology Center pushed forward despite the shutdowns, remote-working conditions and inability to get
face-to-face with customers.
During these trying times, our companies achieved more milestones and advanced closer
to commercialization than they have, collectively, in any year prior. Driven leadership
was on full display. It was inspiring to watch these extremely talented and dedicated
teams excel, despite everything the world was throwing at them.
Our companies were unable to run real-world pilot programs, meet potential customers,
attend critical trade shows or properly network – and yet, the successes within CEBIP
alone this year were staggering.
ThermoLift graduated in September, having made more progress and raised more money than any client in CEBIP history;
the company is now ready to engage critical on-site demonstration programs across
the United States and Canada.
Re-Nuble was next to graduate, in November, ready to start production of its food waste-to-fertilizer
products and fill sales orders from a new manufacturing facility in Rochester. Meanwhile, UES opened its own manufacturing facilities on Long Island, and is even considering larger-scale
facilities to meet growing customer demand for its electric-vehicle technology.
David Hamilton: Optimistic innovator.
All of these progressive companies are set to soar in 2021, ready to make their mark
on a world in desperate need of new energy and sustainability solutions.
Not to be overlooked was the ability of SBU’s Office of Economic Development to offer remote services and mentoring. The Economic Development team developed out-of-the-box
solutions to help these companies when all other avenues appeared to be closed – critical
to ensuring our early-stage companies survived and succeeded.
Our innovation ecosystem came together during these difficult times. The companies
worked harder. The support systems stepped up. And in the end, most of our companies
are enjoying a new confidence – if they can move forward during the trials and tribulations
of 2020, they can dominate in 2021.
What will 2021 bring? Based on the past year, I hesitate to guess. Hopefully, the
vaccines and continued vigilance will help us through the pandemic and the new administration
will provide the stability and leadership needed for the nation to recover and grow.
What I do know for certain is that our innovation community is ready for whatever
comes at us. Our support systems have shown they can support our companies just as
well remotely as they did in traditional settings, and they will keep it up in the
coming year.
More importantly, our companies have shown a fortitude I’m not sure even they knew
they had. So many innovators succeeding when complacency – and failure – were expected.
The New Year may throw them some more Dwight Gooden-esque curveballs, but it will
also provide new opportunities to overcome change, while changing the world for the
better.
Goodbye and good riddance, 2020, and hello 2021. Let’s do this.
David Hamilton is chief operating officer of the Advanced Energy Research and Technology
Center and executive director of the Clean Energy Business Incubator Program.