What is an accelerator?
Accelerators accept early stage companies into their programs on a competitive basis for a fixed period. Typically, entrepreneurs will work through specific pain points and milestones to accelerate the life cycle of their companies. The programs typically run for 4-6 months and culminate in a public pitch event or demo day where start-ups can win cash or in-kind prizes. Accelerator staff help mitigate market barriers by connecting start-ups with mentors, investors, corporate partners and customers through organized events and educational workshops.
What is the definition of a clean energy startup?
Clean energy startups are defined as “...advanced and applied technologies that significantly reduce or eliminate the use of energy from 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..." MGL c. 23J s.1.
How long after submitting my Accelerator Funding application should I expect a response from MassCEC?
It typically takes anywhere from two to three months for MassCEC to make a funding decision. Staff will typically be in touch with follow-up questions shortly after an application is received.
What can scholarships be used for?
MassCEC’s provides scholarships so start-ups going through accelerator programs to help achieve important commercialization milestones. A few examples of use of scholarship funds include, software or hardware prototype development, offsetting travel costs, filing patents, attending conferences, lab/equipment costs, marketing material, etc.