Published on March 9th, 2012 | by Zachary Shahan0
Cleantech Startups Have New Opportunity to Win $115,000
We featured Greenstart a couple weeks ago in an Ecopreneurist repost. The company’s got some more news this week.
First of all, if you didn’t read that previous post, Greenstart is a startup accelerator for cleantech-IT companies. Its focus is on 4 specific cleantech-IT intersections: smart grid, the built environment, transportation, and consumer services.
Now, this week, Greenstart announced that “it’s offering startups the opportunity to receive a $100,000 convertible note in addition to a $15,000 seed investment upon joining the program.”
“The convertible notes will be drawn from a $6 million fund, which will cover the next 60 companies in the program. The investment is effective immediately, and has been offered to the five companies in the current program in addition to those seeking to join the third program, whose application process opened yesterday.”
“In addition to our mentoring, networking, in-house design services and the many other benefits Greenstart offers, companies selected for the program now have access to a total of $115,000 in funding,” said Managing Partner Mitch Lowe. “This allows the startups in the program to stay focused on customer and product development instead of hitting the streets for investors. It should also help Greenstart attract interest from a much wider pool of innovative entrepreneurs for our upcoming programs.”
If you’re interested in applying, Greenstart just began accepting applications for its Fall 2012 program this week, and the deadline for submission is April 11th. You can apply for funding at www.greenstart.com/apply.