PSM Clean Energy has been selected as a Member of the Cleantech Open Northeast's 2016 Class and will participate in the Cleantech Open Northeast accelerator program this summer.
CLEANTECH OPEN NORTHEAST ATTRACTS HIGHEST NUMBER OF ENTREPRENEURS IN PROGRAM HISTORY
Posted by Chelsea Mattioda
Cleantech business accelerator accepts 107 applications from water, efficiency and energy generation startups, and announces a class of 33 participants that will compete for top honors at the Cleantech Open Global Forum.
BOSTON—June 9, 2016—Cleantech Open Northeast, the Northeast region of the world’s most successful competitive cleantech accelerator, announced a new record for entrepreneur applicants for the 2016 accelerator program.
Cleantech Open Northeast’s 2016 class includes 33 companies developing a diverse array of clean technologies related to energy, agriculture, water, waste management and more. A full list of companies participating in the 2016 Cleantech Open Northeast accelerator can be found here.
“We are thrilled by the quality and diversity in this year’s participant pool, and believe our success in attracting applicants to the program is a positive indicator for the growth of cleantech in the Northeast,” said Cleantech Open Northeast Director Katie MacDonald.
Selected from a pool of 107 applicants, Cleantech Open Northeast’s Class of 2016 features a variety of technologies. As in previous years, the energy generation category led the class with the 24 teams, followed by 17 in energy efficiency. Applications from water and transportation companies increased significantly this year, with 14 and 11 applications respectively. There were 12 applications from agriculture and waste companies, 10 from green building companies, seven from cleanweb companies, six from energy distribution and storage, and six from chemicals and advanced materials companies.
Beginning this week, the participants will begin a rigorous program connecting them with mentors, entrepreneurship education, visibility and opportunities to access capital. The 2016 Cleantech Open Northeast program kicks off next week with the Cleantech Open East Coast Academy from June 13 to 14. Companies will hear from leading cleantech business leaders, receive specialized startup mentoring, and refine their business plans. The East Coast Academy will be held at the NYU School of Law in in New York City.
“The growing number of applicants for Cleantech Open Northeast shows the promise of innovation and entrepreneurship in tackling pressing energy and water challenges,” said Massachusetts Clean Energy Center (MassCEC) Interim CEO Steve Pike. “As the clean energy industry continues to grow, more startups are participating in Cleantech Open Northeast, which is further driving cleantech innovation designed to meet global challenges.”
“Cleantech Open Northeast finds, funds, and fosters the next generation of energy entrepreneurs who are vital to the growth of the cleantech ecosystem. National Grid is delighted to be a partner and supporter of the program,” said Daniel Hullah, Director of Ventures at National Grid.
Cleantech Open Northeast partners played an important role in cultivating such a large and geographically diverse applicant pool. New England partners like MIT Clean Energy Prize, MIT Water Prize, Yale’s Sabin Prize, and MassChallenge proved to be significant pipeline partners, as did NYC ACRE, 76West, NEXUS New York and the Syracuse Tech Garden.
NECEC is the Northeast regional affiliate for Cleantech Open. NECEC executes the Cleantech Open Northeast accelerator in Massachusetts, New York, Maine, Vermont, New Hampshire, Connecticut, Rhode Island, New Jersey, and Pennsylvania building the region’s innovation network for Cleantech Open and NECEC’s successor program for cleantech entrepreneurs Cleantech Navigate Northeast. Cleantech Navigate Northeast program helps better connect accelerator participants and alumni with financiers, strategic partners, and early adoption customers. Learn more at: http://navigate.necec.org/en/
About Cleantech Open
Cleantech Open is the world’s largest and most successful cleantech accelerator, and is dedicated to providing entrepreneurs and technologists the resources needed to launch a successful cleantech company. Our mission is to find, fund, and foster the most promising cleantech startups on the planet. A 501(c)(3) not-for-profit organization, Cleantech Open provides the infrastructure, expertise, and strategic relationships that turn clever ideas into successful global cleantech companies. Over the past seven years, Cleantech Open has awarded over $5 million in cash and services. During that time, our 880 alumni companies have raised more than $1 billion in external funding. Fueled by a network of more than 2,000 volunteers, Cleantech Open unites the public and private sectors in a shared vision for making America’s cleantech sector a thriving economic engine. For more information, visit www.northeast.cleantechopen.org, or follow us on Twitter.