Ameren Corporation announced the launch of Ameren Accelerator, an innovative public-private partnership with the University of Missouri System, UMSL Accelerate and Capital Innovators, that will assess, mentor and invest in energy technology startup companies. Ameren Accelerator joins almost a dozen other accelerator programs in the region.
The unique partnership, one of the first of its kind in the United States, is also the St. Louis region’s first to focus on energy technologies. Leveraging the expertise of all of the partners, the goals of this program are to better position Ameren to meet its customers’ future energy needs and expectations, create new jobs through these start-up companies and provide university students opportunities to be more engaged in the energy business.
The accelerator will choose five to seven startup companies to participate in the program, with each receiving $100,000 in seed capital. The program will take place in Cortex. Capital Innovators - St. Louis’ longest running accelerator that has ranked in the top 10 nationally for years, will power the Ameren Accelerator. As part of the program, the selected startup companies will each receive intensive mentoring, technical assistance, facilities and networking connections from the Ameren Accelerator partners.
About the Program
From March 31 through May 12, applications will be accepted from interested entrepreneurs and energy technology companies at amerenaccelerator.com. In July, the selected startup companies will receive seed funding and hands-on support throughout the 12-week program. Senior-level executives from a variety of companies will provide mentorship. Subject matter experts in the areas of energy, sales, marketing, pricing, technical development, operations, talent development and finance will also provide guidance. Based out of the CIC@4240 Building in Cortex, participants will be able to network with like-minded individuals focused on innovative thinking and collaboration.
At the conclusion of the program, participants will be invited to showcase their efforts to both the mentoring teams and potential third-party investors during a Demo Day in October. Ameren may select the most promising projects for ongoing mentoring and engagement beyond the accelerator program.
To apply or to learn more about Ameren Accelerator, visit amerenaccelerator.com.
For other accelerators in this area contact:
· Prosper Women Entrepreneurs Startup Accelerator
· Arch Grants
· The Yield Lab
(Full article courtesy of EQ)