SURGE Accelerator Joins the TechStars Network to Accelerate Efficient Energy Software Startups
As a TechStars Network Member, SURGE Takes Part in White House Startup America Program
SURGE, the only mentor-driven, seed accelerator focused on efficient energy software startups, this week announced that it has formally joined the TechStars Network in support of the Startup America initiative. Through this membership, SURGE joins a select group of members from major U.S. and International cities as the only energy-focused accelerator.
“As we approach SURGE Accelerator’s inaugural Call for Applications, we are excited to become a part of the TechStars Network and extend the benefits of this relationship to SURGE’s future entrepreneurs,” said Kirk Coburn, Managing Director and co-founder of SURGE Accelerator. “Located in Houston, the Energy Capital of the World, SURGE Accelerator was created to accelerate innovation in energy software technologies. The knowledge sharing and collaboration we’ll gain through the TechStars Network will help SURGE to further advance our goals and those of our mentors, corporate partners, and the overall energy community towards energy independence and improving energy efficiency worldwide.”
The TechStars Network is part of the Startup America initiative that was launched earlier this year. Since opening, it has grown to include 34 organizations sharing the common goal of supporting our Nation’s startup communities. In partnership with the White House, the goal of the TechStars Network is to become an engine for job growth by ensuring that over the next four years, 5,000 experienced business leaders and investors will mentor and support 6,000 promising young entrepreneurs. The aim is to increase the success rate and sustainability of each program, and to ultimately create 25,000 new economy jobs by 2015.
SURGE and the Rice Alliance have a strategic partnership working closely on programs, mentoring and events. Coburn announced the launch of the new SURGE Accelerator last month at the 9th Annual Rice Alliance Energy & Clean Technology Venture Forum.
Attracting preeminent industry executives from the energy, entrepreneur, and venture capital communities, SURGE Accelerator offers entrepreneurs access to one of the world’s best ecosystems to grow their company from idea to prototype to market leader. With direct access to the largest deregulated electricity market, largest population of smart meters, and second largest information technology service economies, SURGE Accelerator can enable entrepreneurs to successfully transform their ideas into real businesses.
Entrepreneurs accepted into SURGE spend an intense three months in SURGE’s Houston-based bootcamp, preparing their startups for rapid customer acquisition and their next round of financing. Each startup is partnered with energy industry experts, experienced investors and energy market leaders who will mentor the entrepreneurs through the complexities of developing their go-to-market strategies in today's new energy economy. The capstone of the program is “SURGE DAY” – where entrepreneurs will present their company to an audience of energy-focused venture capitalists, angel investors, corporations and their development teams, key community energy and information technology leaders and the media.
SURGE DAY provides a platform for the next great wave of energy technology entrepreneurs to demonstrate the value and viability of their graduating startup. SURGE Accelerator’s first class launches in the Spring of 2012. Applications will open in the next few weeks at http://www.surgeaccelerator.com.