mHUB Accelerator industry partners, Nicor Energy Ventures and Invenergy, have announced investments in startups participating in the Climate and EnergyTech program.
As the Climate and EnergyTech accelerator program gears up for its final Demo Day event, the program’s industry partners, Nicor Energy Ventures – an affiliate of Nicor Gas and subsidiary of Southern Company Gas – and Invenergy, have tapped four companies they’ll continue to work with beyond the 6-month program. In October, the partners engaged in a midway program event that featured product-market fit pitches from each of the eight startups and product demonstrations to reveal current prototypes.
By midway through the mHUB accelerator program, startups had tackled customer validation, market access, and product feasibility. They have since been working to identify initial customers, set up pilots, and flesh out business models as they quickly move towards active fundraising.
Nicor Energy Ventures and Invenergy agreed to invest at least $100k each into startups within the program. Invenergy has increased this initial investment, investing a total of $150k into teams.
Invenergy announced that it will invest in blip energy, working on smart home batteries for a portable back-up power station; Kazadi Enterprises, leveraging environmental heat to reduce the carbon footprint of commercial refrigeration; and Sandbox Carbon, using direct air capture for carbon offset.
“As a company built upon entrepreneurism, Invenergy is thrilled to announce additional investments in these remarkable startups,” said Maggie Pakula, Invenergy’s senior vice president of strategy. “These innovators are creating meaningful advances in our industry through groundbreaking technologies and will be a valuable asset as we continue to execute on our vision for a clean energy future.”
Nicor Energy Ventures announced that it will also invest in blip energy as well as Hago Energetics, a startup dedicated to generating green hydrogen from waste materials.
“At Nicor Energy Ventures, we are thrilled to work alongside blip energy and Hago Energetics as they develop technologies that advance resiliency and renewable fuels – two critical components of the clean energy transition,” said David Poroch, officer for Nicor Energy Ventures. “We are proud to partner with mHUB and support their commitment to accelerate innovation that is critical to the growth and sustainability of our communities and economy.”
All eight startups were recognized for their impressive technologies and solutions, which they will pitch to venture capital in December at the end of the accelerator program.
mHUB congratulates blip energy, Kazadi Enterprises, Sandbox Carbon, and Hago Energetics on this recognition and looks forward to sharing similar announcements for all teams as they uncover investment opportunities and build relationships that will drive them into the future.
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