Montreal’s Ecofuel accelerator has announced the five cleantech startups accepted into its fall 2016 cohort. The five companies were selected among 30 applicants who were interested in being a part of the accelerator’s fourth cohort.
Entrepreneurs will join the cohort to gain mentorship and resources tailored to their needs over the next four months. They will be advised and supported by 40 mentors who are experts in cleantech, business, global markets, and entrepreneurship.
“The number, quality, and diversity of applications we received during the selection process demonstrates the entrepreneurs needs for the acceleration stage,” said Richard Cloutier, the president and CEO of the Ecofuel Accelerator. “We are particularly proud of the five businesses Ecofuel will accelerate in the coming months. The financial support is strategic, but what really makes a difference is our capacity to provide a personalized approach to meet our entrepreneurs’ needs.”
The startups accepted include:
AEPONYX, a micro optical switch semiconductor startup that designs and manufactures chips for fiber optic access to the cloud
ARDA Power, a Canadian cleantech company that is designing a DC microgrid platform for use in commercial and industrial applications
BioMatrix, a company that has developed a nanotechnology product that removes heavy metals from contaminated industrial waste-water.
Electrobac, a company that has developed smart bins to recycle small electronics.
Jaza Energy, which is providing solar energy for communities that are beyond the electrical grid.
In addition to its regular accelerator program, Ecofuel has also developed the Ecofuel Initiation Program, which will aim to mentor and support five recently launched cleantech companies.
This fourth cohort will end in December 2016.