WeRadiate joins LaunchNY’s Emerging Cleantech Opportunity Incubator
PRESS RELEASE
August 1, 2019
WERADIATE LLC JOINS LAUNCH NY’S EMERGING CLEANTECH OPPORTUNITY (ECO) INCUBATOR
Connecting Cleantech with New York State’s Climate Leadership and Community Protection Act
BUFFALO, NY – WeRadiate LLC announces that it is joining the Emerging Cleantech Opportunity (ECO) Incubator that is part of Launch NY, and one of six New York State Energy Research and Development Authority (NYSERDA) cleantech incubators across the state. Launch New York is a 501 (c)(3) non-profit venture development organization that supports and invests in high-growth, high-impact companies and catalyzes the entrepreneurial culture in Upstate New York through pro bono mentoring and access to high-risk capital for high-growth startups as the most active seed fund in New York State.
WeRadiate’s compost monitoring system and technology capture key variables that enable compost facilities and operators to become more effective, efficient, and educated with their processes. WeRadiate technology live-streams data enabling compost professionals to take action to reduce odor and pathogens, increase compost efficiency and comply with statewide regulatory standards. Improving efficiency standards can assist in the reduction of greenhouse gas emissions by more than 15% at a compost facility, this is equivalent to removing 1,740 vehicles per year with a fifteen percent adoption of existing New York State compost facilities.
“As data and technology become increasingly accessible in the agriculture and compost sector, we must recognize its impact and assist with local solutions for ecological resiliency,” said Sashti Balasundaram, WeRadiate Founder. “WeRadiate technology is a catalyst for innovation supporting efficiencies in the compost sector.”
“Launch NY is excited to have WeRadiate join our growing list of 19 clean-tech companies being supported through ECO Incubator. WeRadiate has worked the past several months with their Launch NY Entrepreneur-in-Residence (EIR) making great progress on their initial prototype and hiring additional full-time employees. We look forward to continuing to support their promising growth through the incubator and other NYSERDA-supported programs,” said Marnie LaVigne, Ph.D., President & CEO of Launch NY and Executive Director of ECO Incubator.
In June 2019 New York State passed the Climate Leadership and Community Protection Act to achieve a cleaner and carbon-neutral economy, which includes performance standards for greenhouse gas emissions across a variety of sectors. WeRadiate technology has the ability to assist with this legislation by evaluating the composting process to ensure higher-quality standards at processing facilities. The benefits of compost include soil sequestration of carbon dioxide when compost is added as a soil amendment; natural fertilizer for farms and gardens and an alternative to synthetic fertilizer production which requires fossil fuel use; and heat recovery through renewable energy technology to warm buildings and greenhouses.
“Sashti brings his extensive knowledge of the industry and passion in developing and implementing the WeRadiate system,” said Rich Delmerico, Launch NY and NYSERDA EIR and mentor to WeRadiate. “This system will benefit the environment, creating nutrient-rich soil while also helping to abate the landfill and incineration disposal in the Food Recovery Hierarchy.”
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For more information about WeRadiate, please visit www.weradiate.com and follow @WeRadiateNY: Instagram, Twitter, Facebook and LinkedIn.
For more information about Launch NY, its programs, including its Investor Network, Seed Fund and other entrepreneurial opportunities, visit www.launchny.org, and follow Launch NY on its Facebook, Twitter and LinkedIn.
About WeRadiate LLC
The mission of WeRadiate is to help municipalities and communities harness technology to create healthy, high quality compost and build stronger closed-loop ecosystems and economies. Established in 2019 as New York State LLC.
About Launch New York and ECO Incubator
The mission of Launch New York, Inc. (Launch NY), the only U.S. Treasury-designated Community Development Financial Institution (CDFI) directly funding businesses in New York State, is to identify, support and invest in high-growth, high-impact companies, and catalyze the entrepreneurial culture in the 27 counties comprising the western half of New York. Launch NY is a 501(c)(3) non-profit venture development organization that promotes economic development through best practices, including business mentoring and access to its “invest local” financing, including the most active seed fund in the state and one of the most active in the country in order to create investment-ready companies which have the promise to create significant economic impact and jobs in the region.
Launch NY uniquely fills the gap in connecting Upstate New York’s entrepreneurship resources to a pathway to success via unique proof-of-concept capital and high-quality pro bono mentoring support through 24 experienced local entrepreneurs-in-residence and its National Mentor Network of 2,000 industry, business, and investment experts. Launch NY was formed as a result of a collaboration between private and public stakeholders in Upstate New York to create long term strategies that foster a robust, self-sustaining entrepreneurial ecosystem built on regional collaboration. Launch NY is headquartered in Buffalo and has regional co-locations with partner organizations in Binghamton, Ithaca, Rochester and Syracuse. It has served over 900 companies comprising more than 3,300 jobs, attracting over $400 million in co investment and follow-on capital and generating more than $80 million in revenues.
Launch NY’s Emerging Cleantech Opportunity (ECO) Incubator is part of the six incubators administered by the New York State Energy Research and Development Authority (NYSERDA), for high-growth cleantech companies. ECO Incubator provides 1-on-1 mentoring, support, networking events, and access to funding and additional NYSERDA resources, to support early-stage companies to help them achieve key milestones and accelerate their time to market.
PDF announcement: WeRadiate Press Release LaunchNY and ECO