Applications for the 2019 edition of Ameren Accelerator have opened, with the program looking for startups developing energy technologies related to clean energy, the energy grid and smart communities.
Led by electric services company Ameren Corporation, and run in conjunction with the University of Missouri System, UMSL Accelerate and Capital Innovators, the Ameren Accelerator public-private partnership evaluates energy-technology startups, offering them mentorship and $100,000 in seed capital.
The 12-week program, located in St. Louis tech and innovation hub Cortex, offers selected startups intensive mentoring, technical assistance, facilities and networking connections from partners. Upon conclusion of the program, participants showcase their efforts to mentoring teams, potential third-party investors, corporate executives, entrepreneurs, students and the general public during an Ameren Accelerator Demo Day in November.
"As technologies continue to advance in the energy sector, we believe there is no better time to lean forward and focus on innovation so that we can meet our customers' rising energy needs and expectations for generations to come," said Warner Baxter, chairman, president and CEO of Ameren.
"The Ameren Accelerator is proving to be an excellent way to leverage our company's expertise and resources with entrepreneurs who are exploring innovative energy solutions to produce cleaner energy and make the energy grid smarter and more reliable. It's also further enhancing St. Louis' leading position in innovation and entrepreneurship, as well as helping drive economic development."
More than 500 companies have applied for Ameren Accelerator since it was established in 2017, with 13 companies so far selected to participate in program. It also acts to attract job-creating startups to the St. Louis area and six of the startups that have participated in the program currently maintain a presence in St. Louis.
Capital Innovators CEO Judy Sindecuse said: "It is our mission to help find cutting-edge solutions for Ameren and provide entrepreneurs corporate engagement, connections and growth tactics that are unparalleled to other programs."
Applications for the partnership are now open and will be accepted until May 24 at amerenaccelerator.com.