Program Description: NextEnergy works with the most promising energy and transportation technology startups, established small companies, and university researchers to accelerate their technology and business development. Primarily focused on supporting Michigan companies, the NextEnergy team assesses each company to identify their primary needs and constraints and match those with NextEnergy’s services, resources, and staff expertise. In addition to business consulting, technology demonstration/testing, and fundraising services, NextEnergy has low-cost lab and office space available for lease to startups, as well as specific acceleration programs such as NextChallenge and I-Corps Energy and Transportation. In the past year, NextEnergy has helped its clients raise over $25 million in private, federal, and state investment. Sign up for NextEnergy’s famed Funding Opportunities Blog here!
Technology Sectors Supported: Chemicals & Advanced Materials, Energy Efficiency, Energy Storage, Green Buildings, Information & Communication Tech, Other, Power Generation, Smart Grid, Transportation & Mobility
Stage of Company Served: Early Stage - Idea/Proof of Concept, Funding/Sales, Manufacturing, Prototyping, Testing/Certification
Program Tenure: 16 years
Requirements: Screened through a three-stage vetting process, companies must have valuable and defendable intellectual property, a solid team, and a foundational knowledge of their customer segment, value proposition, and business model. Companies must have operations in Michigan for ongoing accelerator services.
Cost/Fees for Services/Equity Stake: No cost for accelerator services. Testing, lab equipment, and custom market research require fees to cover costs on an individual basis.
Program Length: On-going as we can continue to provide value.