PICHTR wraps up First Lightning Excelerator and Awards Nearly $400K to Cleantech Startups
Upon arriving in Hawaii for the inaugural Lightning Excelerator, one path of PICHTR’s dual-pathway Energy Excelerator, eight innovative clean energy companies enjoyed the warm weather and whale-watching season during a full and fast-paced week of cranking on their businesses.
Pacific International Center for High Technology Research (PICHTR), a Hawaii-based non-profit that has been a catalyst for technology development across the Pacific Rim since 1983. The four mainland companies and four Hawaiian companies have returned home, some right down the street and some to a 40 degree temperature drop. Although the week of intensive business and customer development has ended, Lightning Excelerator support rolls on with one-on-one mentoring, training and events, and almost $400K in PICHTR funding awarded to the companies.
The eight Lightning Excelerator companies, selected from a multinational applicant pool of cleantech startups, worked intensively for seven days in hands-on business workshops, one-on-one mentoring, industry networking, and customer discovery interviews. “The Lightning Excelerator was incredibly valuable for our company,” says Michael Pfeffer, CEO of IBiS Networks, “We went from a cool technology with big aspirations to an actual company with angel investors, a differentiated value proposition, and real customers – in just one week.” Technologies cover a range of key areas for Hawaii and the Asia Pacific, including energy efficiency, clean energy for agriculture, grid integration of renewable energy, data analytics, and sustainable transportation systems.
The next Lightning Excelerator will start accepting applications in Summer 2013. If you’re an early-stage company with a highly innovative cleantech prototype (Lightning Excelerator), or a later stage company that is interested in larger demonstrations in the Asia Pacific (Pacific Excelerator), connect with us via Twitter(@Energy_Excel) and LinkedIn and visit energyexcelerator.com – and keep in touch!