SURGE Accelerator Accepting Applications for Energy Software & IT Startups
SURGE Accelerator is accepting applications for the Spring 2013 class. The program will choose approximately ten startup companies providing an IT or software solution that help solve the world’s energy problems. Participating companies receive an investment, training, and support from key industry players.
SURGE hosts a 12 week bootcamp and training program for entrepreneurs with software or IT solutions for the energy industry to raise capital and expedite commercialization. Companies accepted to SURGE receive cash investment, complimentary services and support, and access to mentorship from industry experts, seasoned energy entrepreneurs, investors, and potential customers.
Companies that apply should fall into one of five focus areas:
- Smart Grid Applications
- Energy Trading and Risk Management
- Digital Oilfield
- Energy Efficiency
- Regulatory Compliance
Last Spring, SURGE hosted its first class of ten companies focused on various sectors of the energy industry ranging from the digital oilfield and energy trading software to smart meter monitoring and cloud communication tools for trucking fleets. Since completing the 2012 program, graduates have received financial investments, landed pilot projects with major corporate players, and won recognition at other entrepreneurial conferences.
Kirk Coburn, SURGE Co-Founder, says:
“SURGE supports companies during their earliest and most critical stage by immersing founders into the energy ecosystem unique to Houston. SURGE provides deep domain expertise, relationships with key players, and the resources needed for transformational entrepreneurship within the energy vertical.”
Germana Paterlini, CEO of FuelMiner Inc. and SURGE Class 1 Graduate, says:
“The SURGE program gave our startup the jolt it needed. We had been tinkering with the FuelMiner business idea for a couple of years, but we were uncertain on how to make it happen. Within the first week of the program, we had access to this incredible network of mentors, potential investors and customers.”
What is unique about SURGE?
SURGE Accelerator is the ONLY accelerator focused on energy software. They accept the world’s best energy software entrepreneurs and companies into their program and put them on a path to success. SURGE provides entrepreneurs with the seed capital, expert mentorship, and industry ecosystem to rise to true market validation. SURGE Accelerator’s Houston and Gulf Coast resources ensure entrepreneurs benefit from one of the world’s best ecosystems.
There is NO cost to attend the program and in return for a small amount of common equity, SURGE will provide you with
- $30,000 in cash + additional capital in a convertible note
- A 12 week intensive bootcamp designed to accelerate your business, land you customers, and help you raise additional capital
- Extensive mentorship from the world’s leading energy experts
- Free office space and utilites at Houston’s start-up hub, The RedHouse
- Access to $50,000 of free perks like web-hosting services and legal advice
- Opportunity to pitch to hundreds of investors and customers at SURGE Day
How to Apply
SURGE evaluates applications across several variables including the leadership team, potential market size, and financial viability. SURGE encourages interested companies to apply early to receive special consideration. Applications will close in late November.
If you have a GREAT team, a fast and furious execution style, and a game-changing business in energy software we want you! Check out www.surgeaccelerator.com to learn more.
Deadline: November 30, 2012