Opportunity will give companies marketing, early product validation.
WARREN, OH – July 3, 2020 BRITE Energy Innovators announced today that two of its Portfolio Companies were selected to be part of the Central US division of Cleantech Open, the top early stage accelerator in the nation. This unique opportunity is highly valued for a startup as it provides help to quickly grow their business and often improves their chances of attracting a top venture capital firm to invest in their business.
The BRITE companies, Columbus-based Power to Hydrogen and Jordan Energy Alternative of Marion joined seven other leading Clean Tech startup ventures and innovators from around the Midwest for this 20-
week (June – late Oct) bootcamp-style program to accelerate innovation and aid in the success of up and coming companies having significant potential to enable and shape the future of energy. The focus of the program will be product marketing and validation that involves introducing the companies to key potential customers.
“It is very cool that our companies are being selected to participate in this highly competitive international program,” says BRITE CEO Rick Stockburger. He notes that connecting BRITE’s more than 30 portfolio
companies with opportunities such as these is part of his staff’s continuously effort. “It just goes to show that with hard work and home-grown talent, we can be players on the world energy stage!”
The BRITE companies have different goals:
Jordan Energy Alternative’s mission is to provide affordable
renewable energy products for residential and small business
applications. Founded in only 2019, the company late last year
received funding for its inaugural technology: a portable hybrid
wind and solar energy capture unit which is capable of both urban
and suburban uses.
“Having experienced the fierce curriculum engineering school and 20 years of fast-paced manufacturing; JEA Founder/ Owner Jason Jordan still describes the CTO program as intense. “It is expected we to achieve
certain measurables every week that would otherwise take months, but it is all rewarding,” Jordan says. “It is challenging JEA to be more resilient and robust and it is our objective is to rise to that challenge and emerge
as a company that can provide affordable, renewable micro-generation products.”
Founded in 2019, Power to Hydrogen is developing what company founders labeled a “Clean Energy Bridge.” It is an advanced reversible fuel cell that cost effectively and efficiently convert electricity and water into high purity hydrogen and oxygen, and when needed, back to power. “The program thus far has provided great, new insights about our business and approach to the market, as well as connections with numerous passionate professionals with deep knowledge in relevant topics,” says Tad Dritz, Power to Hydrogen Co-founder/CEO. “We are confident that participation will put us on track to
grow into the company we know it can be!”
The Minneapolis-based affiliate of the Cleantech Open, Cleantech Open Midwest was founded in 2010 and since that time has worked with more than 150 start-up companies that have gone on to raise more than $30
million in external capital. It works with companies in Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Missouri, Minnesota, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. Generally, the Midwest
organization focuses on three primary activities: (a) Accelerate start-up businesses in structured programs and events; (b) Partner with local, regional, and national organizations across the innovation ecosystem; and
(c) Partner with corporations, governments, foundations and universities to support their innovation goals.
Cleantech Open connects its entrepreneurs with a rich program of extensive mentoring, customer discovery, training, investor meetings, startup-corporate matching, and showcasing at both the regional and national levels. In the process it connects these innovators with labs, universities, service providers, investors, corporations, government offices, and other cleantech incubators and accelerators needed to grow a
Cleantech Open is the world’s largest cleantech accelerator, providing entrepreneurs and corporate innovators the resources they need to launch and grow successful cleantech businesses. Its innovation spans
key US cleantech innovation hubs, linking labs and universities, service providers, investors, corporations, governments, and other cleantech incubators and accelerators. Through its annual accelerator, it provides
between 100-150 companies with a rich program of customer discovery, extensive mentoring, training, investor meetings, startup-corporate matching, and showcasing at both the regional and national levels. Since
2005, more than 70% of its alumni companies are still operating and have collectively raised more than $1.2B in external funding.
BRITE Energy Innovators is powering the future of energy across the State of Ohio. As the state’s only energy incubator, we have assisted nearly 300 New Energy tech startups with mentorship, funding assistance and over $135 million in investor connections. We empower founders to launch energy technology solutions. By fusing experienced entrepreneurs in residence, advanced equipment in the BRITE Energy Labs and community coworking spaces in Warren, we’re creating opportunities for all Ohioans.