Accel-VT has selected seven early-stage energy companies from across the U.S. and Canada to participate in its Energy 2019 cohort. The Vermont business accelerator will kick off the first of three one-week sprints in Burlington next week. Fifteen entrepreneurs from the seven companies will convene at Burlington Electric Department’s Spark Space to focus on reducing fossil fuel consumption and greenhouse gas emissions in the heating and transportation sectors.
Over the next three months, entrepreneurs in the Accel-VT Energy 2019 cohort will work with climate economy leaders, industry experts, potential partners and investment professionals while completing an intensive curriculum designed to improve their business plans and fast track their way to securing financial investments so they can grow their business opportunities in Vermont and beyond.
In August, the cohort will decide through a peer-ranking system, developed by Village Capital, which company will receive a $25,000 prize.
This will be the third cohort for Accel-VT, which is managed by the Vermont Sustainable Jobs Fund (VSJF), a nonprofit organization working to improve sustainable economic development in Vermont. Every cohort company that participated in the 2017 and 2018 programs benefited from substantive meetings with various Vermont companies who were looking for innovative technologies and products.
Additional Tier 3 Funds Up for Grabs:
For this cohort, two Accel-VT Energy sponsors offered additional Tier 3 funds for the possibility of 2-3 cohort companies being selected to demonstrate their technologies in Vermont. Tier 3 of Vermont’s Renewable Energy Standard requires distribution utilities to acquire fossil fuel savings from energy transformation projects (projects that reduce fossil fuel consumed by their customers in the heating and transportation sectors).
- Burlington Electric Department (BED) will provide up to $10,000 in Tier 3 funds for up to two cohort companies (selected by BED), for a total of $20,000 to demonstrate their technologies through qualifying projects or programs in Burlington.
- Green Mountain Power (GMP) will provide up to $2,500 in Tier 3 funds for a cohort company (selected by GMP) to demonstrate a Tier 3 program or project with Green Mountain Power in Vermont.
Accel-VT Energy 2019 Cohort Companies:
- DCC Technology offers an energy management system that enables EV owners and utilities to save costs on EVSE charging installations in multi-family and single-family homes. DCC’s load monitoring technology has no equivalent in the market. It’s the safest charging solution for maximizing time of use charging without compromising safety. technology/ Quebec
- EVmatch is a mobile platform that allows EV drivers to find and reserve charging stations anywhere they go by enabling increased access to underutilized private charging stations. EVmatch reduces the stress in locating an available charger and immediately grows the public charging network by making private charging stations available to the public. evmatch.com/ California
- Go Together is a SaaS platform for people to get where they need to go through their trusted networks using apps to do end to end trip planning to meet, collaborate and schedule carpools, biking, walking, transit, and more. Go Together leverages technology and the power of trusted communities to innovate the way people get where they need and want to go whether it’s to and from school, to practice, a game or to vote. today/home/ Washington, D.C.
- iSun Energy develops robust, esthetic, smart and easy to install solar carport and canopy systems with proprietary hardware and software systems. iSun offers an attractive structure delivering shading and protection, while also feeding the local grid with renewable solar energy, and the ability to mate with smart energy management systems, such as EV charging. com/en/ Quebec
- Onboard Data is an open and interoperable data management platform for building portfolios. Onboard aggregates and standardizes energy, maintenance, comfort and occupancy data across the portfolio. Clients can then leverage this data to power smart solutions for tenants and employees with speed and scale. Onboard employs machine-learning to aggregate and standardize building data with greater speed and scale than existing solutions. onboarddata.io/ Massachusetts
- The Somerville Electric Vehicle Company provides charging solutions for micro-mobility applications (e-scooters, e-bicycles, e-mopeds) by using swappable batteries paired with a battery subscription service, so that users never have to wait to charge. Somerville EV Co charges and stores batteries in self-serve swap-and-go Battery Swap Kiosks. som-ev.com/ Massachusetts
- United Aircraft Technologies developed a robust Interconnecting Clamp (ICC) for aerospace wire harness management that replaces a metal legacy design with a new ergonomic and considerably lighter alternative. This patent pending ICC is unique because it avoids metallic installation hardware while greatly simplifying installation complexity, reducing installer fatigue, and minimizing associated repetitive strain injury. uairtek.com/ New York
Partners and sponsors of Accel-VT Energy 2019 include Burlington Electric Department, Efficiency Vermont, Vermont Electric Power Company, VLITE, Vermont Public Power Supply Authority, Vermont State Employees Credit Union, Green Mountain Power, Vermont Electric Coop, Vermont Gas, Stowe Electric, Washington Electric Co-op, Bourne’s Energy, Flexible Capital Fund, Vermont Center for Emerging Technologies, and Main Street Landing.
Accel-VT is managed by the Vermont Sustainable Jobs Fund, a nonprofit organization working to improve sustainable economic development in Vermont. Learn more at www.accelvt.com.
To learn more about Accel-VT Energy 2019, click here.
About Accel-VT – A Climate Economy Business Accelerator
Accel-VT is a business accelerator providing startup support, mentorship, and access to capital for climate economy entrepreneurs who want to establish their business here in Vermont. In future cohorts, Accel-VT may address other climate-related innovation opportunities, including green building, sensor technologies, data management, and resource recycling. The resiliency of working lands businesses, as well as some segments of manufacturing, transportation planning, and community development, are also components of the climate economy.
About Vermont Sustainable Jobs Fund
The Vermont Sustainable Jobs Fund (VSJF) is a nonprofit organization committed to nurturing the sustainable development of Vermont’s economy. VSJF provides business assistance, network development, strategic planning, and value chain facilitation in agriculture and food system, forest product, waste management, renewable energy, and environmental technology sectors. The Vermont Sustainable Jobs Fund was created by the Vermont Legislature in 1995 to partner with state government, private sector businesses, and nonprofits to build a thriving economic, social, and ecological future for Vermont. www.vsjf.org