New Brunswick accelerator Energia Ventures is accepting applications for the second cohort of its three-month accelerator program.
Energia Ventures launched in 2016 through the University of New Brunswick’s J. Herbert Smith Technology Entrepreneurship Centre. The accelerator program, which is expected to begin on September 4, focuses on helping startups commercialize products and services in the energy, cleantech, smart grid, and cybersecurity sectors. Specifically, Energia Ventures is looking for companies that have completed significant research and development, and are now seeking investment opportunities.
“We have a new suite of programming that prepares companies for their next raise.”
“We’re taking things to the next level with our second cohort,” said Joe Allen, managing director of Energia Ventures. “We have a new suite of programming that prepares companies for their next raise, and we will offer $20,000 plus in grants to each company that is accepted.”
Energia Ventures said that while its first cohort was focused on Atlantic Canadian companies, the program is planning to review applications from international companies for its second cohort. The program is expected to support three to six ventures in its upcoming cohort.
Past graduates of Energia Ventures’ accelerator program include Beauceron Security, which raised $500,000 to expand its risk management platform across North America in June 2017.
“Through the Energia program, we received invaluable mentorship and advice that helped us refine our product roadmap and become investment ready,” said David Shipley, CEO and co-founder of Beauceron Security. “The funding and space helped us ramp up operations and the credibility of being in a UNB-backed accelerator helped us secure some of our earliest clients and channel partners.”
Those interested in the Energia Ventures accelerator program have until July 27 to apply.