Last Sunday, Gov. Cuomo announced the launch of the 76West clean-energy business competition, a $20 million business competition and business support program.  The program’s goal is to attract innovative, clean-energy businesses to the state’s Southern Tier.

The competition consists of $10 million in prize money and $10 million for business support, marketing and administration. In each of the next four years, 76West will distribute a $1 million grand prize, one $500,000 award and four $250,000 awards. Additional support and services may also be available via the program, such as mentorship and incubator space.

Gov. Cuomo said:

“The 76West competition will bring unprecedented entrepreneurial attention to the Southern Tier and add further momentum to New York’s rapidly growing clean energy sector.  As we saw with the 43North competition in Western New York, these efforts will build on the Southern Tier’s natural strengths and spur new innovations that will help strengthen the local economy and move the region forward.”