Three promising start-ups have been accepted into ATI’s exclusive summer program
On June 10, the Austin Technology Incubator (ATI) is kicking off their Summer Entrepreneur Acceleration and Launch (SEAL) program, which is UT Austin’s selective summer accelerator that helps emerging startups confront their next market-driven milestone.
The three startups, Energy Shrink, R2M2, and LovEnergy, show a true understanding of how to achieve a more sustainable future:
Energy Shrink: This platform connects neighbors to local energy efficiency services. It’s not just a marketplace; it also offers a private chat space, discounts, and a knowledge base. The platform can serve customers directly or through utility program providers.
R2M2: R2M2 has produced what they like to call a “microgrid-in-a-box.” It is an innovative, resilient, replicable, modular microgrid based on a modular, nested design that maximizes renewables and is inherently secure, economically viable and efficient, replicable, and commercialization-ready.
LovEnergy: The company aims to help building owners identify the most valuable investments for their buildings, allowing for sustainable practices. LovEnergy’s software platform provides simple to use but powerful simulation and optimization capabilities that give owners the knowledge to make impactful decisions.
All of these startups went through the IMPEL+ program, which consists of intensive pitch coaching workshops, before being selected for SEAL.
“We were impressed seeing their work during the IMPEL+ workshops and now we’re excited to have these innovators on board with us for the program,” said Mark Sanders, director of the 2021 cohort. “We see tremendous potential in their technologies to drive real impact on climate change and steer us towards a better future.”
Over the next nine weeks, this cohort will be going through a series of workshops and working with mentors to build their startup. The program ends with a Decision Day, where based on individual research and expert feedback, teams determine whether their venture can survive the real world and make a go or no-go decision.