What is an accelerator?
“Accelerators” run programs that accept early stage companies on a competitive basis for a determined period of time. Participating startups gain certain business and technology advancement through the accelerator program. The programs typically work with a cohort of startups for a fixed period and culminate in a pitch event or demo day where the startups are eligible to compete for cash or in-kind prizes. Accelerators help mitigate market barriers by connecting startups with mentors, investors, corporate partners, and customers through organized events and workshops."
What is the definition of a Cleantech Startup?
“Cleantech Startups” are considered to be companies whose work meets the statutory definition of “clean energy” pursuant to M.G.L. c. 23J, Section 1, namely “…advanced and applied technologies that significantly reduce or eliminate the use of energy for non-renewable sources, including, but not limited to: energy efficiency; demand response; energy conservation and those technologies powered in whole or in part by the sun, wind, water, biomass, alcohol, wood, fuel cells any renewable, non-depletable or recyclable fuel…”
When should I expect a response from MassCEC after submitting my Accelerator Funding Program Application?
For the FY21 Accelerator Funding Program, MassCEC anticipates notifying applicants on award decisions in March 2021. Staff will typically be in touch with follow-up questions shortly after an application is received.