New energy focused startup accelerator launched in Iceland
Startup Reykjavik Investor Day 2012 (source: Arion Bank)
Alexander Richter
17 Oca 2014
A newly established energy startup accelerator program has been initiated in Iceland to help entrepreneurs develop there energy focused business ideas.
In an kick off meeting yesterday, a new and innovative startup accelerator program was started in Iceland. The Startup Energy Reykjavik is a mentorship-driven seed stage investment program with focus on energy related business ideas.
Founded by Icelandic national power company Landsvirkjun, Arion Bank, the Geothermal Energy Research Group (GEORG) and Innovation Center Iceland in December 2013, the program is now open for applications.
The program is facilitated by Klak Innovit and Iceland Geothermal, the Cluster of the Icelandic geothermal energy sector.
Startup Energy Reykjavik is set up as a mentorship-driven seed stage investment program with focus on energy related business ideas. it runs as a 10 week long program in Reykjavik, Iceland once each year. The program is very selective on the ideas being brought forward.
Selected companies or ideas get USD 40,000 in seed funding. Startup Energy Reykjavik founders also get great place to work at Reykjavik University, ten weeks of intensive top-notch mentorship, and the chance to pitch to angel investors and venture capitalists at the end of the program. There is immeasurable value in the mentorship-driven connections and advice that participants will receive when they start their company with Startup Energy Reykjavik. The opportunity to pitch to angel investors and venture capitalists at the end of the program is provided during the Investor and Demo Day.
For any other questions contact the program with general inquiries.
The program opened its application system yesterday and interested entrepreneurs can apply until February 16, 2014.
Program starts: March 10th 2014
Program ends / Investor Day: May 30th 2014
Program schedule: Wednesdays, Thursdays and Fridays (lunch hour)
The program is focused on energy related topics and business ideas and clearly involve geothermal topics, and it is my personal hope that some great ideas from that part of the industry are part of the program.
Disclaimer: The author is a mentor in this program.
