Startup Energy Reykjavík 2016 are now accepting applications. Seven teams will be chosen into their accelerator to develop their startups.
The need for innovative energy solutions is urgent now more than ever and therefore they challenge individuals and companies who have innovative energy related business ideas to take part in this accelerator.
‘Startup Energy Reykjavík’ is an accelerator program founded by Innovation Center Iceland, Landsvirkjun, Arion banki and GEORG in December 2013. The program is facilitated by Icelandic Startups and Iceland Geothermal on which the focus is on energy and energy related startups. The seven teams that are chosen receive 5 million ISK in capital stock and on 10 weeks they will work on their idea under support from 60 specialized mentors. At the end of the work period each team will present their idea.
The startups receive mentorship from successful entrepreneurs, experienced investors, industry experts and connectors who assist them strategize, prioritize, and expand their networks. Mentors will be visiting teams nearly every day of the program, debating and helping the startups.
Innovation Center Iceland will provide 10 mentors in this program and the General Director of the institute Þorsteinn Ingi Sigfússon is one of them.
Applications are accepted through F65.