Energia Ventures, the University of New Brunswick’s cleantech accelerator, will hold the Demo Day for its second cohort Wednesday night at the Beaverbrook Art Gallery in Fredericton.
Six companies will present at the event, which begins at 6 pm. You can register to attend here.
The UNB Technology Management and Entrepreneurship program launched Energia about two years ago to help energy, cleantech, smart-grid and cybersecurity companies bring their products to market.
The second three-month cohort has been convening in the TME office in downtown Fredericton and recently toured Boston, visiting such startup organizations as North Shore InnoVentures and Greentown Labs.
Over the past twelve weeks, the cohort has had the opportunity to work with mentors and industry experts like NB Power President Gaëtan Thomas, competitive intelligence leader Jonathan Calof, and sales expert Wendy Vrooman.
“We are incredibly proud of this year’s cohort, who are a very promising group of companies,” said Energia Ventures Managing Director Joe Allen. “They have worked tirelessly in order to put their companies in the best possible position to continue to grow and make a significant impact in the market.”
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The three-month cohort has included companies from across the continent, including:
• ReJoule, California – ReJoule is developing intelligent battery management systems, with a primary focus on electric vehicles. Its technology has already attracted the interest of several leading automobile manufacturers.
• Potential Motors, Fredericton – This company is developing conversion kits to turn internal combustion engine vehicles into electric automobiles. Founded at UNB, Potential Motors has already converted two consumer vehicles.
• DeepCryo, Halifax –DeepCryo is developing a cryogenic treatment system to improve the lifespan of metal parts and tools by mitigating corrosion and wear. (Cryogenics refers to the production and behaviour of materials at extremely low temperatures.) DeepCryo is scaling up the capacity of its system for larger equipment.
• Hygge Power, Colorado – Hygge is building uninterruptible power supply (UPS) devices for consumers in partnership with U.S. utilities. These devices are WiFi-enabled to provide feedback to the consumer and utility on how much power has been consumed. Hygge Power’s first product, OPO, offers a suite of features beyond just power supply that will give homeowners peace of mind during outages.
• Autonom, Quebec – Another company involved in the uninterruptible power supply market, Autonom is building UPS systems for telecoms companies to more accurately pinpoint battery failure and prolong device lifespan. Autonom’s product has a smaller footprint than traditional telecom UPS devices and self-installs in seconds.
• Aurea Technologies, Halifax – Aurea is developing innovative wind turbines for consumer and commercial clients. Its commercial product, Flare, aims to offset energy use for high-rise buildings and to allow building owners to divert energy on to the grid.
“Energia Ventures was able to provide our company with the appropriate environment to narrow down our value proposition, helped us refine our investor pitch, and connected us with most of the players in the Atlantic energy and startup space,” said Autonom CEO Hugues Marceau in a statement. “The mentor sessions provided me with valuable insights on how to become a better entrepreneur, and I especially benefitted from the sales training at this point of my venture.”
Energia Ventures is now recruiting startups for its 2019 cohort. Interested companies can learn more here.
Disclosure: UNB is a client of Entrevestor.
