Ameren Accelerator, Powered By The University of Missouri System, UMSL Accelerate And Capital Innovators Announces First Cohort Of 7 Energy Focused Startups
St. Louis has had a thriving startup scene for most of the past ten years. They already have accelerators like Capital Innovators and Six Thirty (Fin Tech) as well as funds like the Arch Angels network and Cultivation Capital, just to name a few. Ameren Corporation recently stepped up to the plate, launching an energy focused tech startup accelerator in conjunction with the University of Missouri System, UMSL Accelerate and Capital Innovators.
Ameren Accelerator received over 200 applications from around the world representing 31 countries and 23 states.
“Building a future energy grid that meets evolving customer needs and expectations requires collaboration, innovative thinking and investment in the technologies of tomorrow,” said Warner Baxter, chairman, president and CEO of Ameren Corporation. “The companies selected for the Ameren Accelerator offer promising innovations for the energy sector and the customers we serve. We look forward to working closely with these innovators and our partners through this unique initiative to help find new energy solutions and to deliver even greater value to our customers and the communities we serve.”
The companies were weeded down through a series of interviews and then a pitch day event where the final seven companies were selected. Capital Innovators spearheaded the selection process, something they’ve become very good at over the years with their own cohort based accelerator.
“The response to the Ameren Accelerator program was tremendous,” said Judy Sindecuse, CEO of Capital Innovators. “It wasn’t an easy choice, but we believe we’ve identified the companies that have the greatest potential to bring their energy-related innovations to life and provide value to Ameren’s customers and the energy sector.”
Each company will receive up to $100,000 in seed funding in addition to intensive mentoring, technical assistance, facilities and networking connections from the Ameren Accelerator partners. The participants will be based out of UMSL Accelerate and Capital Innovators co-working spaces located in Cortex, a St. Louis innovation district.
The seven startups will pitch their mentoring team and potential third party investors at Ameren Accelerator Demo Day in October.
Here are the seven startups selected:
- /blossom (from St. Louis, Missouri): /blossom is a tool for businesses to connect and gather data and control their resources remotely.
- Hyperion Sensors (from Toronto, Canada): Hyperion has developed a substation hardened distributed fiber optic sensor for high voltage assets allowing them to become “intelligent”. In other words, enabling the internet of things within the smart grid.
- Omega Grid (from Chicago, Illinois): Omega Grid is a market software that removes the revenue risk of distributed generation of utilities, encourages energy investment by property owners, and enables access to lower rates for everyone.
- Rebate Bus (from Madison, Wisconsin): Rebate Bus is a platform for utility programs to deliver instant incentives, online.
- SensrTrx (from St. Louis, Missouri): SensrTrx is an industrial analytics application focused on using industrial data to improve uptime, performance, and reliability of manufacturing and industrial systems.
- Switched Source (from East Lansing, Michigan): Switched Source provides equipment solutions for electric distribution companies that make the grid more resilient and efficient while supporting the integration of more distributed generation.
- WIFIPLUG (from Leeds, United Kingdom): WIFIPLUG learns your routines making your life easier, saving you money on your energy bills. You can control the plug with your voice using Siri, Alexa and Google. The only smart plug in the world to offer open source API for developers.
Find out more about the Ameren Accelerator here at amerenaccelerator.com