BOULDER, Colo., Oct. 16, 2019 /PRNewswire/ -- Techstars, the
worldwide network that helps entrepreneurs succeed, today announced
the launch of the Techstars Alabama EnergyTech Accelerator. The
accelerator will run in partnership with Alabama Power with support
from the Alabama Department of Commerce and the Economic
Development Partnership of Alabama
(EDPA). Alabama Power is a southern electricity provider for 1.4
million customers across the state of Alabama and a subsidiary of Southern Company,
the second largest utility company in the U.S. in customer
base.
The new 13-week mentorship-driven program will provide startups
in the EnergyTech space hands-on mentorship and access to
Techstars' worldwide network, helping them to gain traction and
accelerate their businesses for success.
The Techstars Alabama EnergyTech Accelerator will be based in
Birmingham, Alabama, catering to
startups addressing innovative technologies in the electrical and
utility space. The accelerator will provide participating startups
access to guidance from Techstars' mentors as well as leaders and
experts from business and state leaders. The first year of the
accelerator will run from July 2020
to October 2020, culminating in a
demo day event where the participating startups will pitch their
accelerated business models to investors and industry leaders.
"We're thrilled to launch our first accelerator in Alabama in partnership with Alabama Power,
with support from the EDPA and Department of Commerce. This
accelerator program will combine these organizations' dedication to
economic development and electrical and utility innovation with our
startup expertise and global network reach," said Keith Camhi, Techstars Senior Vice President of
Accelerators. "Founders addressing electrical and utility solutions
who join our 2020 inaugural class are poised for three incredible
months of mentorship and growth."
Applications for Techstars Alabama EnergyTech Accelerator will
be accepted January of 2020 through March
2020. Startups interested in learning more about the program
are encouraged to contact Techstars or visit the Techstars Alabama
EnergyTech Accelerator program page.
"This partnership with Techstars is an exciting opportunity that
supports our commitment to find better ways to serve our customers
and elevate the state," said Alabama Power CEO Mark Crosswhite. "With a world-class accelerator
program, the Techstars Alabama EnergyTech Accelerator will be an
important catalyst for Alabama to
continue strengthening its reputation as a growth center for
technology and energy innovation."
About Techstars
Techstars is the worldwide network that helps entrepreneurs
succeed. Techstars founders connect with other entrepreneurs,
experts, mentors, alumni, investors, community leaders, and
corporations to grow their companies. Techstars operates three
divisions: Techstars Startup Programs, Techstars Mentorship-Driven
Accelerator Programs, and Techstars Corporate Innovation
Partnerships. Techstars accelerator portfolio includes more than
1,900 companies with a market cap of $23
Billion. www.techstars.com
About Alabama Power
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE:SO), is
focused on providing innovative energy solutions to improve
customers' lives. Learn more at www.alabamapower.com.
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SOURCE Techstars