Energia Ventures has announced it will now hold two cohorts a year, with the spring program for 2021 now accepting applications
The program, which has held five cohorts a year for the past four years, is part of University of New Brunswick’s J. Herbert Smith Centre for Technology Management & Entrepreneurship, commonly known as TME. Energia accepts companies from around the world that are involved in energy, cleantech, cybersecurity and artificial intelligence.
Participants in the program, which runs from May 1 to July 20, will receive intensive mentoring, educational programming, business support and funding to help them develop their venture.
The program will be held virtually, so participants will be able to operate from their current headquarters, alleviating the need to travel to Fredericton.
“Energia is looking to build on the success we’ve had with our first four cohorts by moving to a model where we offer the Energia programming twice per year,” Joe Allen, the Managing Director for Accelerators at TME, said in statement.
“With COVID-19, we faced the tough reality of offering the program virtually in our fall cohort, adapted the offering and worked with five great companies with smashing success. We’re aiming to build on this momentum by working with twice as many companies this year for the first time, all while keeping the cohort dynamics the same as for high touch-points with each company."
Successful applicants are provided seed funding in exchange for a small equity position in their startups, said the statement.
You can register here. The deadline is March 7.
TME is also accepting applications for its Summer Institute, which tends to focus on companies with consumer products and social impact