Ashipa Electric, a Nigeria-based energy startup that develops power-generating assets, and provides supporting services to deliver reliable and resilient power supply to clients economically, has been selected for the year 2020 Class of Techstars Alabama EnergyTech Accelerator programme.
Over the next 13 weeks, Ashipa Electric and other teams from around the world will be hard at work – virtually, as well as in Birmingham with social distancing safety policies – to build Alabama’s next great tech startups.
Announcing the inaugural class, the Managing Director of the Techstars Alabama EnergyTech
Accelerator, Nate Schmidt, said this represents years of hard work, preparation, and vision from the partners at Alabama Power, the Alabama Department of Commerce, EDPA, Altec, PowerSouth, and the University of Alabama.
“Birmingham’s startup community is on the rise, and Techstars is a major step in its evolution as one of our country’s brightest entrepreneurial hubs. One unique aspect of our accelerator is the focus on energy and cleantech. In the near future, when Alabama is viewed as a global leader for startups in these industries, this accelerator class will be viewed as the start of that movement.
“Techstars Alabama EnergyTech Accelerator is a mentorship-driven accelerator program. As we’ve prepared for our kickoff, it’s been amazing to see the level of local engagement. Individuals from across the state, from startup founders to corporate and community leaders, have raised their hands offering to do whatever they can to help our Techstars companies succeed. Outside the state, leaders in energytech have also taken note of our efforts, and have signed on to mentor our incoming teams and support our class.
“Seven of our ten teams will be joining us from outside of Birmingham. They’ll soon experience first-hand what our local startup founders have known for awhile… Birmingham is a special place to launch a company. Please join us in welcoming the Techstars Alabama EnergyTech Accelerator class of 2020,” Schmidt said.
Ashipa Electric speaks to TechEconomy.ng…
Commenting on what this programme means to the team, the CEO, Ashipa Electric, Corp., Olu Ajala, told TechEconomy.ng that Techstars is a startup accelerator with a global footprint.
He said that Techstars programme will them with the opportunity for pre-seed investment, valuable resources, and space for the team to focus on building the company.
In his words, “Techstars team will also provide coaching on effective fundraising strategies, so that we may access funds that could help accelerate the growth of our company. With Techstars, we can now hope to grow our portfolio to 5MW over the next 18 months.
What are your expectations from the programme?
“Our core expectation is having access to Techstars’ vast network of mentors with experience in every stage of a company’s growth from founding to IPO (Initial Public Offering). Most importantly, we hope to fully leverage the expertise of our cohorts as well as mentors from Techstars Alabama’s local sponsors as we build our energy company”.
The 10 startups selected for 2020 Class of Techstars Alabama EnergyTech Accelerator are;
1. Ashipa Electric (Birmingham, AL)
Microgrid developer creating power solutions to energize economic activities in underserved communities across the globe.
2. EnergyHawk (Boston, MA)
Satellite Powered Energy Assessments, designed to accelerate the growth of distributed energy solutions.
3. Project Canary (Denver, CO)
Climate-tech company helping to solve climate change through continuous monitoring of methane emissions.
4. Resilient Power (Atlanta, GA)
Hardware startup addressing grid upgrades necessary for the transition to electric vehicles.
5. con.doit (Birmingham, AL)
Providing electrical system mapping and circuit analysis software.
6. Sync Energy (New York)
No-code AI-based predictive software that streamlines planning and operations for electrical utilities, especially during emergencies.
7. Elektrik (Salt Lake City, UT)
Building the first online marketplace for the electrical wholesale industry.
8. TruSpin Nanomaterial Innovation (Birmingham, AL)
A UAB spin-out company creating new solutions for the battery industry through innovations in Silicon-based nanofibers.
9. ShipShape AI (Austin, TX)
A software platform that networks together critical systems in homes to reduce risk, improve performance, and connect homes to providers — like a “check engine light.”
10. Virimodo (New York City)
Web app offering carbon reduction intelligence for building owners and their tenants.