SHARING AMERICA'S TECH NEWS FROM THE VALLEY TO THE ALLEY
by Duane Shimogawa, courtesy Pacific Business News
The Energy Excelerator program of the Pacific International Center for High Technology Research has chosen eight clean technology companies, including four from Hawaii, to take part in its Lightning Excelerator program.
They include: Acclimate TN, Physical Tech Inc. of the Big Island, Bright Systems of Georgia, Conscious Commuter Corp. of Oregon, Gen-X Energy Development LLC of Maui, kWh Analytic of California, Oceanit Smart Socket of Oahu, Renewable Water Technologies of Oahu and Spectrum137 of California.
The state’s first clean-energy business accelerator program, which was recently launched by the Hawaii Renewable Energy Development Venture, will allow teams to participate in an intensive week of mentoring, working with customers and pitching investors in order to develop and commercialize their clean energy technologies.
The program, which is funded by the U.S. Department of Energy and is free of charge for participants, runs for a week, starting on Thursday in Honolulu.
The eight teams will be eligible for up to $90,000 of grant funding to support future business or technology development and one team will receive a State Energy Office $15,000 prize to fund a market assessment for their pre-commercial technology.
The companies were selected based on pre-determined criteria, including quality and experience of team members, commitment to the Lightning Excelerator program, applicability to Hawaii and the Asia-Pacific region, technical innovation, commercialization strategy and potential to scale in Hawaii and globally.
Duane Shimogawa covers energy, real estate and economic development for Pacific Business News.
Thank you, TiA