A chance for Energy fields Startups to get funded and attend a Mentorship in Norway from techstars

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Description

Equinor & Techstars Energy Accelerator

This program seeks innovative startups within four critical areas of the energy sector: oil and gas, new business models, digitization and renewables.
Historically, on average, Techstars companies go on to raise more than $2M of outside capital after the program.

Opportunity focus areas:
Energy sector
Entrepreneurship

Specialties

Business & Management, Engineering & Technology, Entrepreneurship, Petroleum/Mining/Oil/Gas Engineering

Eligibilities

Not Specified

Age is not required.

Gender

Nationality

Algeria, Bahrain, Comoros, Cyprus, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Somalia, South Sudan, Sudan, Syria, Tunisia, Turkey, UAE, Yemen

Required Languages

Specific Requirements

Other Requirements

Startups

Their focus is on startups rather than small businesses.

co-founder

Techstars wants to be viewed as a co-founder. They don’t want any special or controlling interests in your company. They won’t ask for a board seat or for any uncommon investor rights. You will still run the show.

Availability

They do require that you be primarily based on-site during the program

Single founder

You can not join the program as a single founder you must be in a team with other co-founders

Product/team video

You must share the url of a video describing your company product and team

Benefits

Stipend/Allowance

Techstars contributes $20,000, which is commonly used as a stipend to support living expenses during the program

Money

Additionally, upon acceptance to a Techstars mentorship-driven accelerator, every company is offered an optional $100,000 convertible note.

Others

Access to Techstars resources for life

Others

Acceleration in a 90-day Techstars mentorship-driven accelerator program with personal mentorship and office

Others

Lifetime access to the Techstars worldwide network of entrepreneurs, including more than 10,000 mentors, 10,000 investors, 1,600 alumni companies, and over 200 staff members

Others

Access to over $400k of cash equivalent hosting, accounting, and legal support—plus other credits and perks worth more than $1M

Others

Demo Day exposure and other investor connections.

Others

They provide working and meeting spaces, as well as a nice lounge, all with super fast and reliable wireless Internet access. They just want you to focus on creating a great product while you’re here, and not have to worry about all this other stuff.

Others

Office space for three months

Costs

Others

In return receives 6% equity of the company (on a fully diluted basis, issued as common stock) until the company raises a priced equity financing of US $250,000 or more (a “Qualified Financing”). However, if a company conducts a Network Launch using distributed ledger technology (i.e. a blockchain initial coin offering, token event, etc.), then Techstars will also receive 6% of the Token Reserve (i.e. the tokens “held back” for the founders and the company at Network Launch).