The Smart Energy program returned to Melbourne for its second year running, culminating in a Demo Day that took place at Federation Square on Thursday 11 April 2019.
The 13-week program is a three-year partnership between one of Australia’s leading energy retailers, EnergyAustralia, and the largest industry-focused accelerator, Startupbootcamp. At the end of the program, all ten startups have the opportunity to pitch to investors, partners and industry stakeholders at a demonstration day to continue on their entrepreneurial journey creating a successful business.
This year’s Demo Day showcased startup teams from around the world that are working on business ventures within the areas of cutting-edge storage technologies, free energy models, data monetisation, grid control and trading, and carbon capture solutions.
Each startup presented their final pitches to over 400 experts, investors, corporate partners and industry leaders in the energy sector, including CEO of EnergyAustralia, Catherine Tanna, CEO of Spotless Group, Peter Tompkins and CEO of Australian Energy Market Operator, Audrey Zibelman – all united in the collective mission of shaping the future of the energy industry in Australia and around the globe.
Many of the ten startups have already signed reseller and corporate agreements, onboarded a portfolio of clients, conducted extensive market research that has resulted in customer sign-ups and received an injection of capital.
Trevor Townsend, CEO of Startupbootcamp Australia, said, “This year’s cohort of startups has pushed the barriers of innovation to disrupt the current status quo of the energy sector. They have achieved immense growth over the course of just three months, and everyone at Startupbootcamp is excited to see what they achieve moving forward.”
Catherine Tanna, CEO of EnergyAustralia, said, “The transition to a modern, cleaner energy system has already begun. In fact, the problem of producing large amounts of renewable electricity has been solved; integrating that power into a reliable system, and making energy affordable, is our next challenge. No one has a mortgage on good ideas, which is why we’re excited and proud to again sponsor the Startupbootcamp EnergyAustralia accelerator program and bring ten world-class early stage businesses to Melbourne to help solve the clean energy transition.”
Selected from over 650 applications, the global teams each received $25,000 in funding and three months of office space, in-kind services from corporate sponsors worth circa $1 million, and access to Startupbootcamp’s global innovation network of mentors, investors and corporate partners.
The ten teams that have graduated from the 2019 Smart Energy program are:
● Builtspace (Canada): creates digital twins of buildings to make for easier servicing and maintenance
● Ecologic Apps (Australia): provides online tools to help users save energy and money
● Elemize (Italy): a distributed open control energy platform for utilities
● FOHAT (Brazil): builds the blockchain microgrids for a decentralised energy future
● IVCbox (Kazakhstan): equips businesses with live AI customer messaging chat and video calling
● Nostromo Energy (Israel): offers groundbreaking ice TES (Thermal Energy Storage) that is cost effective, flexible and durable
● Powerdiverter (Australia): provides high-quality, low-cost, energy management systems for hot water and air conditioning units
● RedGrid (Australia): a Platform-as-a-Service (PaaS) company delivering IoT and web3.0 technology
● Senno (Hong Kong): a decentralised ecosystem for personal data monetisation
● UCapture (USA): a green-tech platform that reduces the greenhouse gas emissions when users shop online
EnergyAustralia has committed to be the major partner for the program for three consecutive years. Other partners include Spotless Group, DiUS, City of Melbourne, Pitcher Partners, KHQ Lawyers, Facet5, YBF Ventures, Stripe, Amazon Web Services, Cisco, and the Australian and Victorian Governments.
For more information visit: https://www.startupbootcamp.org/partners/energyaustralia/.