Applications for Starter Business Acceleration, the global accelerator for energy startups, are now open. The program that integrated EDP's various instruments to support entrepreneurship, reinforces its position this year as a business accelerator, with startups and SMEs.
Sponsoring Agency: Energias de Portugal (EDP)
Type of Fund: Accelerator, Incubation, Mentorship and/or Training
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 05/24/2021
Size of the Fund: USD $50,000 to $500,000
Applications for Starter Business Acceleration, the global accelerator for energy startups, are now open. The program that integrated EDP's various instruments to support entrepreneurship, reinforces its position this year as a business accelerator, with startups and SMEs.
"Starter Business Acceleration is EDP's call to startups and SMEs around the world, who have developed innovative products, services or business models, aligned with our strategy to accelerate energy transition.
The Starter Business Acceleration will take place in a virtual format and the selected participants will go through three phases: first, through an Online Pitch; then, they will be involved in a Global Module and finally, they will reach the Grand Final, where the winner, who receives a 50 thousand euros award, will be announced. Of the total applications, 30 startups will be selected to participate in the Online Pitch and, from among them, only 10 will be chosen to join the program and compete in the grand final.
Starter wants to tackle several challenges in the energy sector. Here are the solutions the program is looking for:
• CLIENT FOCUSED SOLUTIONS
o E-mobility, decentralized energy systems or energy management systems, always with a solid digital layer to boost new business models and new revenue streams.
• DIGITAL INNOVATION
o Focusing on data collecting, extracting value from it, maintain it safe and leveraging on cloud computational resources and other emerging technologies.
• ENERGY STORAGE
o Design and optimization tools for energy storage integration, preventive and predictive analytics for energy storage technologies, management of systems and platforms for energy storage and DER integration, energy storage solutions for behind the meter residential and C&I, solutions for electrical vehicles.
• CLEAN ENERGY
o New renewable energy technologies, new retrofitting technologies to improve renewable energy generation assets’ performance, solutions to improve energy generation operations & maintenance and asset management, new business models for the energy sector.
• SMART GRIDS
o Improving the infrastructures technical and economic efficiency, keeping the distribution grid up to date with the sector’s emerging needs.
• IMPACT INNOVATION
o They are looking for impact, access to energy and other solutions that can help improve communities’ quality of life and have a positive social and environmental impact.
• INNOVATIVE INTERNAL PROCESSES
o Support in the areas such as: finance, legal, management, human resources, marketing and others, impacting workflows, deal flows and similar.
The best startups will have the opportunity to compete for the 50.000€ winner prize.
• A chance to test your solution in the energy sector in partnership with EDP (Portugal, Spain, Brazil, USA).
• Access to a wider pool of mentors and experts matched to your unique requirements.
• Going global: the opportunity to grow your network within the global energy sector and the potential to be invested from the partners.
• Input, feedback and insight into your product/ service and business.
• Time to develop a relevant proof of concept with senior stakeholders.
• Be evaluated by EDP Ventures to receive financial support and/or know-how for your startup.
• 50.000€ prize for the winner and besides the award, the 10 startups selected for the Global Module will join EDP at the Web Summit 2021 and will have the opportunity to showcase their solutions in the largest tech conference in the world.
More information at: https://www.edp.com/en/news/2021/04/19/applications-starter-business-acceleration-2021-are-open
