Energia Ventures, an accelerator founded by the Technology, Management and Entrepreneurship Centre at the University of New Brunswick, has extended its application deadline until July 27.
The TME team issued a statement saying the three-month accelerator, which works with companies in the energy, clean technology, smart grid, and cybersecurity sectors, will begin Sept. 4 at the program’s new office in downtown Fredericton.
“We’re taking things to the next level with our second cohort,” said Managing Director Joe Allen. “We have a new suite of programming that prepares companies for their next raise, and we will offer $20,000-plus in grants to each company that is accepted.”
Some graduates from the first program have received significant follow-on investment, with Beauceron Security and Stash Energy Storage each raising $500,000 in their respective seed rounds. Both have said their time at Energia was critical to their success.
“Through the Energia program, we received invaluable mentorship and advice that helped us refine our product roadmap and become investment ready,” said Beauceron CEO David Shipley. “The funding and space helped us ramp up operations and the credibility of being in a UNB-backed accelerator helped us secure some of our earliest clients and channel partners.”
Although the first cohort focused on companies from Atlantic Canada, Energia plans to review applications from several international companies for its second cohort. It anticipates three to six ventures will participate in the upcoming season.
“We’re looking for companies that have completed significant R&D and are ready to explore new investment opportunities, no matter their current location,” said Allen, who worked previously as the Director of Investments at the New Brunswick Innovation Foundation. “We’ve extended the deadline because we want to help companies with the greatest potential for impact and want to go deeper with our recruitment efforts.”
You can find an application for the accelerator here.
