Are you working on any (green tech) clean tech startup company?Then here is a new platform(Greenstart) that you should check out to expand your startup.
Greenstart focuses on cleantech startup companies that can validate their business model quickly and inexpensively.
Greenstart provides seed funding, mentoring, and connections with fellow entrepreneurs and investors in order to give startups an advantage in launching the cleantech ideas of tomorrow.Greenstart aims to help more than 500 cleantech startups launch more successfully over the coming years.
How It Works:
Greenstart expects to enroll 10 companies in its first 3-month program, which begins on September 12, 2011. Accepted entrepreneurs will receive $25,000 in investment funding, comprehensive mentoring and networking, and introductions to leading cleantech angel and venture capital investors at the end of the program. Greenstart will receive a 3-10% stake in each company they enlist.
The program is focusing on “new cleantech” startups – those that are capital efficient and capable of attaining revenue in 12 months or less. Such entrepreneurs may be pursuing innovations in clean energy sources, clean energy distribution, smart grid, energy efficiency software, clean web, and more.
Who Is Backing Them:
Greenstart is led by three successful technology entrepreneurs: Mitch Lowe, founder and former CEO of Jumpstart Automotive Media and current board chairman of Quirky; Dave Graham, co-founder of OpenAuto and Managing Partner at ArizonaBay Technology Ventures; and Dillon McDonald, former COO and then CEO of Jumpstart Automotive Media and a founder of the Entrepreneurship Center at Cal Poly San Luis Obispo. In addition to the founding team, Greenstart has recruited more than 20 mentors, including serial entrepreneurs, venture capital investors and executives of major Silicon Valley technology companies, to impart knowledge and share their entrepreneurial experience.