April 23, 2018
Posted by Beth Hartman, Electric Power Research Institute
We are pleased to share our latest whitepaper highlighting how energy incubators and accelerators are creating positive economic, environmental and social impacts around the world. With hundreds of companies supported, these programs are proving that it is possible to do well by doing good, driving results that create a profit while generating real benefit for our communities. You can download a full copy of the report at (https://www.epri.com/#/pages/product/3002013845/) on the EPRI website! Also, to learn more about these energy innovators, register now for our summer event at www.electrification2018.com for the lowest discount rate.
Our newest whitepaper on the positive economic, social and environmental impacts of energy innovation also describes in greater detail how incubators and accelerators actually work, exploring revenue models from programs around the world. From groups in US cities like Austin, Boston, and Chicago to international programs in Europe and beyond, energy incubators and accelerators are finding creative solutions to support entrepreneurs everywhere.
This white paper, the fifth in a series, focuses on the business models and revenue sources used by leading incubator and accelerator programs and on the impact metrics employed to demonstrate their success and attract entrepreneurs and funding. These programs operate at selected stages across the technology life cycle—consistent with meeting their organizational missions and goals—by filling capability and funding gaps for startups while catering to sponsors, potential investors, and other strategic partners.
The report highlights models for energy incubators such as Greentown Labs in Boston and the LA Cleantech Incubator (LACI) in Los Angeles, along with accelerator programs like the Clean Energy Trust (CET) in Chicago and Joules in Charlotte. Hybrid programs such as the Elemental Excelerator, NextEnergy and Powerhouse are also reviewed. Finally, a section on impact metrics explores how energy entrepreneurs supported by these programs can create greater positive economic, environmental and social impacts. Read more in the full report, available now for download at (https://www.epri.com/#/pages/product/3002013845/) on the EPRI website.