The Cleantech Open has expanded to provide mentoring, training, access to capital and showcasing opportunities to start-ups in Texas, Arkansas and Oklahoma.
‘We are excited to work with some of the country's greatest trailblazers to build companies that will both lead the next economic revolution and help us cut our dependence on imported oil and create jobs in an emerging sector,’ says Rex Northen, executive director of the Cleantech Open, which fosters businesses that work to solve energy, environmental and economic challenges. ‘This region is a leader in wind production and alternative-fuel vehicles, and is a hotbed for energy innovation.’
Now in its sixth year, alumni companies from the Cleantech Open have raised more than $300 million in external private capital and created more than 2,500 new jobs, with a goal of creating 100,000 new jobs over the coming years, according to organizers. Companies with less than $1 million in private, third-party funding and less than $5 million from other sources of funding are qualified to apply. All teams must include at least one U.S. resident and a total of at least two individuals.
The Clean Technology and Sustainable Industries Organization and its consortium of partners in the tri-state area, including the Austin Technology Incubator, will coordinate efforts from metro hubs across the region.
The submission deadline is May 24. Interested companies should apply at cleantechopen.org.