First class of Techstars Alabama EnergyTech accelerator announced

First class of Techstars Alabama EnergyTech accelerator announced

The Techstars Alabama EnergyTech Accelerator has announced its first class of 10 companies – including three startups from Birmingham.

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Last October, Colorado-based Techstars and Alabama Power announced the accelerator to nurture businesses focused on the future of energy.

The Economic Development Partnership of Alabama (EDPA) and the Alabama Department of Commerce are also taking part in the venture, along with Altec, PowerSouth and the University of Alabama. The Techstars Alabama EnergyTech Accelerator will attract startups that are building technologies and business models focused on smart cities, the Internet of things, industrial electrification, connectivity and electric transportation.

The inaugural class members are:

Project Canary, out of Denver, a continuous air quality monitoring company.

Sync Energy, of New York City, using artificial intelligence to aid forecasting and loss prevention.

Birmingham’s Ashipa Electric, specializing in microgrid integration and optimization.

Virimodo of New York City, with carbon offsets for multi-family living spaces.

doit of Birmingham, a cloud-based electrical system mapping firm.

Resilient Power Systems of Atlanta, focusing on reducing infrastructure upgrade costs.

EnergyHawk of Boston, mapping energy usage by commercial and industrial firms.

Birmingham’s TruSpin, nanomaterials manufacturing.

ShipShape AI of Austin, Texas, offering smart home solutions management.

Elektrik of Salt Lake City, providing E-commerce platform for electric wholesalers.

The participants will receive over the next 90 days seed investment, mentorship and business coaching through the program’s educational components. The participants are angling for Demo Day, when they will offer their public pitches.

“Birmingham’s startup community is on the rise, and Techstars is a major step in its evolution as one of our country’s brightest entrepreneurial hubs,” Nate Schmidt, managing director of Techstars Alabama EnergyTech Accelerator, said. “One unique aspect of our accelerator is the focus on energy and cleantech. In the near future, when Alabama is viewed as a global leader for startups in these industries, this accelerator class will be viewed as the start of that movement.”

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