Cleantech startup incubator Greentown Labs has partnered with Schneider Electric to launch the 2020 Bold Ideas initiative.
The two are now accepting applications from Pre-Seed to Series B stage entrepreneurs who can enable the swift deployment, integration, and operation of energy storage assets at scale.
Over a period of six months, startups will receive $25,000 in funding, deskspace and membership at Greentown Labs, mentorship, networking opportunities and access to educational workshops.
The initiative was first launched in 2018-19 resulting in Schneider Electric entering into a joint development agreement and investment with Titan Advanced Energy Solutions, whose technology increases charge capacity and battery life.
Applications for Bold Ideas 2020 are due by May 1 at 11:59 p.m. ET. Interested innovators and entrepreneurs can learn more about the call for applications by visiting the website.
“We are excited to work with Greentown Labs again and discover talented entrepreneurs working in the energy storage space. We are an ideal value-add partner for startups looking to scale quickly and make an impact in our industry,” said Rodolphe Heliot, Vice President of Incubations at Schneider Electric.
“The world is undergoing a rapid transition to a distributed, digitised, decarbonised, and democratised energy economy and we’re thrilled to once again partner with Schneider Electric on an acceleration challenge to support entrepreneurs with breakthrough solutions to advance this transition,” said Emily Reichert, CEO of Greentown Labs. “We are proud of the results from our first Bold Ideas Challenge and optimistic this program will yield similar results!”