for Energy 2020
Accel-VT sparks accelerated business growth to support the expanding cluster of entrepreneurs committed to climate economy innovation.
Known for its quality of life, working landscape and commitment to energy transformation, Vermont is also becoming a place where businesses who are developing solutions to climate change can incubate their ideas, find willing partners to test their products, collaborate with like-minded entrepreneurs and prepare for new capital.
To be part of a competitively-selected cohort of startup and/or seed stage ventures who offer new technologies, or novel applications of existing technologies, aimed at reducing fossil fuel use and greenhouse gas emissions in the heating and/or transportation sector.
Rural economies nationwide and around the globe are struggling to reduce their dependence on fossil fuels particularly in transportation and heating. As extreme weather events become more prevalent, the need for innovation in the private sector has never been more real.
Vermont is a leader in the incubation and development of forward-thinking energy businesses and is making a concerted effort to attract the next generation of climate-friendly businesses to the state in an effort to accelerate their success.
Consider some of the challenges and opportunities that we face in Vermont that are also applicable throughout the world. Some examples would include, but are not limited to, the following:
- Solutions to make electric transportation more affordable, accessible, and widely-available;
- New electric vehicle recharging infrastructure for homes, businesses, and the public;
- New technology to help utilities interface with electric charging infrastructure to manage demand or send price signals or enable dynamic or other rates;
- New air-source and ground-source heat pump technologies, including demand management and boiler-compatible;
- Advanced biomass and biofuel solutions for homes, businesses, and public-sector institutions;
- Solar water heating solutions;
- District heating technologies and applications.
About the applicants
Accel-VT invited startup or seed stage ventures from Vermont and around the U.S. and Canada to apply for this climate economy business accelerator. Companies with at least two team members, demonstrated market adoption in the form of a pilot or paying customer and some level of investment or grant other than founder capital applied. Click to learn more about the selected cohort companies.
By The Numbers
“This program clearly demonstrated that there is no better place in the United States to convene startups, investors, and industry leaders to solve important climate problems than Vermont.”
Industry expertise, a network of established climate economy enterprises, and access to potential partners and growth capital are available to all Accel-VT participants.
Participants are guided through the world-class VIRAL™ accelerator curriculum, developed by Village Capital, designed to test assumptions, expose and remediate business vulnerabilities, prepare for significant investment, and provide a platform for rapid scale. All cohort Members will have the opportunity to forge meaningful relationships with high quality investors and potential customers.