The EnergySpin Business Accelerator program is back to identify and support the most disruptive innovations impacting the energy sector. Come and join the most unique energy multi-corporate accelerator in Europe, where the focus is on individual attention that enables you to leapfrog your startup to the next level.
EnergySpin is run on behalf of a number of corporates that contribute financially to the operations of the program, making it a multi-corporate accelerator. This gives corporate partners a chance to collaborate with the most innovative and promising startups in their specific fields to solve pressing challenges.
EnergySpin constantly works to establish and develop mutually beneficial cooperation between startups and their corporate partners. The corporate partners supporting EnergySpin include Wartsila, The Switch (a Yaskawa company), Danfoss, and VEO, among others. Moreover, the accelerator supports you with tailored input on growth planning, product development, commercialization, financing and marketing, and possible investment.
Apply by August 12 to participate in the Fall 2020 batch scheduled to begin in October.
Who Is Eligible To Apply
This opportunity is open to all startups in the energy sector, as well as startup enterprises in fields related to the energy sector, including digitalization, AI, IoT, Blockchain, cybersecurity, big data & advanced analytics, gamification, open data, and 5G. Your solutions can range from smart grids, power optimization, renewable energy, energy-saving & efficiency, energy storage, and future mobility.
In short, EnergySpin is looking for all innovative and disruptive solutions that enable a clean energy future.
Why Your Startup Should Apply
Irrespective of which stage of operations your startup is in, the EnergySpin Business Accelerator offers exciting opportunities for all:
- Pilot & test your solutions with corporate partners
- Network & receive mentorship from leading industry experts
- Participate in the unique industry cluster workshops
- Gain international exposure
- Advance your personal growth & development
The application is quick & easy and includes a description of your solution, various market opportunities, competitors, finances, and details about your team.
What Happens During The Program
From the beginning of the program, the startups will work with corporate partners on developing joint projects, from piloting and the Proof of Concept (PoC) to becoming customers and partners.
The EnergySpin accelerator is built as a 10-weeks full-time program established in Vassa, on the west coast of Finland.
Participants will need to be physically present only during specific weeks, when all the workshops, coaching sessions, and meetings happen. However, startups are encouraged to stay the entire 10-weeks to make full use of the premises and opportunities in this unique industry cluster.
Up to two members from each startup can attend the in-person events. Participation in the accelerator program is 100% fee-free.
The Program Timeline
After reviewing the applications, 30 startups are selected and invited, where they meet with corporate partners and mentors to probe the feasibility of the company and solution.
- Selection Days: 3 – 4 September 2020 (Virtual Event)
At the end of the Selection Days, up to 16 – 20 companies are handpicked by the partners to proceed to Phase 1 of the program.
- Accelerator Program Opening Days: 21 – 23 October 2020 (Virtual Event)
- Evaluation of proposition and product review
- Partner review
- Product Excellence & Partner Meetings: 26 – 30 October 2020 (at Vaasa Energy Cluster)
- Product excellence
- Investor expectations
- Go-to-market workshops
- B2B sales
- Problem finding and tailored-made solution
- Mentoring & coaching to prepare and support for partner meetings
- Partners Days: 28 – 29 October individual meetings with the Partners
- Teams’ Status Check: 16 – 19 November 2020 (Virtual Event)
- Go-to-Market & Investor Excellence: 7 – 11 December 2020 (in Vaasa) including individual Partner meetings
- Batch 5 Graduation will take place on 11 December 2020 in Vaasa.
Successful EnergySpin Alumni
Geyser Batteries develops a new energy storage mechanism that does not use lithium-ion batteries. Their products work up to 10-100 times when compared to traditional batteries and function steadily over longer durations. This makes them ideal for hybrid powertrains and long-term heavy-duty power grid systems. The Vaasa-based company currently caters to B2B customers in the transportation, industrial machinery, and power grid sectors.
This EnergySpin Business Accelerator alumni from the 2018 Spring batch received €1 million seed funding from Voima Ventures in 2019.
Instagrid develops an advanced portable power pack to replace highly polluting petrol and diesel generators. Their products offer simple, flexible, and emission-free access to grid-scale power for professionals on the move. The company was founded in 2018 and specializes in the development of portable battery equipment, offering a mobile power supply for people working in temporary locations.
This EnergySpin Business Accelerator alumni from the 2019 Fall batch received €8.5 million Series A funding led by SET Ventures in early 2020.
Ready To Spin Your Energy Solution Globally?
EnergySpin offers you a unique opportunity to get a real impression of the prospects of the Vaasa region energy cluster. Its international partner companies are looking for solutions that are ready to change the future of the energy sector. Are you ready to participate?
To take your startup to the next level, apply for the EngerySpin Accelerator now!
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