Thank you for your applications!
Spin Your Startup To The Next Level!
EnergySpin started as an innovative platform to share ideas & trends and developed into a multi-corporate accelerator program, supporting startups to grow, connecting them to corporates, and helping them to challenge the status quo of the industry. EnergySpin believes in a clean & sustainable future. And that is why they want to help startups and enterprises reach their goals, and together build a world, where clean and affordable energy is provided for everyone.
EnergySpin spins energy companies to the next level – worldwide.
Join the most unique multi-corporate accelerator in Europe, where the focus lies on an individual approach, enabling you to get your business to the next level!
EnergySpin is a multi-corporate growth program for startups seeking international growth. It is a ten-weeks-long accelerator program including company-specific training for growth planning, product development, commercialization, financing, and marketing. The program will take place in Finland, Europe.
All startups whose solutions bring the clean future one step closer are welcome to apply. This includes startups that work in the fields linked to the energy sector, including Digitalization, the Internet of Things, Cybersecurity, Gamification, Smart Grid, Power Optimization, Renewables, Energy Saving & Storage, as well as technologies such as Big Data, VR, AR, Open Data, 5G, Analytics, Blockchain, AI & more.
EnergySpin offers you a unique opportunity to get a real impression of the prospects and opportunities of the Vaasa (Finland) region’s energy cluster. EnergySpin’s international partner companies are looking for companies that are ready to change the future. EnergySpin opens the doors for you, are you ready?
FALL PROGRAM 2020 TIMELINE
12 August 2020
SELECTION DAYS (virtual)
3 – 4 September 2020
Top 30 startups are invited for the Selection Days
16 – 20 finalists will be selected for the Fall Program 2020
1ST PHASE OF THE PROGRAM (virtual & in Vaasa, Finland)
21 Oct – 19 Nov 2020
Product Excellence Workshops
Meetings with Corporates
Mentoring & Coaching
2ND PHASE OF THE PROGRAM (in Vaasa, Finland)
7 – 11 December 2020
Investor Excellence Workshops
Individual Meetings with Corporate Partners
BATCH 5 GRADUATION
11 December 2020
Finnish CleanTech Geyser Batteries recently raised €1 million seed funding to further develop its water-based sustainable batteries. Without any elements of Li-ion technology, Geyser developed a new energy storage mechanism. With energy density close to high-power Li-ion batteries, the company's products keep working up to 10-100 times longer with high-power functioning steady over time, which makes them ideal for hybrid powertrains & long-term heavy-duty power grid system. The Vaasa-based company currently has B2B customers in transportation, industrial machinery, and power grid sectors.
Instagrid has recently completed a Series-A funding round totaling €8.5 million. The company has developed an advanced portable power pack to replace highly polluting petrol and diesel generators. Founded in 2018, Instagrid offers a robust solution that exceeds the technical specifications and capabilities of what is available on the market today. With offices in Finland and Germany, the company gives its clients grid-like power delivered from a portable source, with solutions for the construction industry, event organizers, gardeners, fire brigades, disaster recovery and humanitarian organizations.
What is EnergySpin?
EnergySpin is a startup and growth company multi-corporate accelerator that is focused on technologies and solutions which could be implemented in the energy industry. The accelerator program is run twice a year for 10 weeks at a time.
After the program EnergySpin offers the startups participating in the program an opportunity to continue to use the co-working space and services for an additional three months. EnergySpin will continue to work with you to develop your business and customer relations and introduce you to service providers and new partners.
What is a multi-corporate accelerator?
A startup accelerator is a fixed-term and cohort-based program that provides defined assistance and services such as mentorship, co-working space, and education for a limited period of time.
A multi-corporate accelerator is a program run by a specific intermediary company, such as EnergySpin, on behalf of a number of corporates that financially contribute to the operations of the accelerator program. The aim of these corporate partners is to collaborate with the most innovative and promising startups in their specific area to solve pressing business issues they are facing. In its core, EnergySpin works towards establishing and growing a mutually beneficial cooperation between startups and corporate partners.
What are you looking for?
EnergySpin is looking for early-stage companies that are solving real problems for the energy industry. They select companies based on the team, idea, and the potential to disrupt global industries. EnergySpin tries to assess the founders’ ability to interact and benefit from interactions with its partners, mentors, and community.
Ultimately, EnergySpin is looking for companies that have strong potential for collaboration with one or more corporate partners, and which can benefit from the platforms, distribution channels, and expertise that the partners provide.
What can I expect from the program?
EnergySpin is part of your team. They don’t just advise you, but work with you shoulder to shoulder each and every day to build successful stories. EnergySpin's goal is to get you to launch your idea to the world.
The accelerator offers startups the chance to present their use cases to corporate partners, who are open for possible piloting, PoCs, and other forms of cooperation. The program also includes mentorship by international executives and serial entrepreneurs, workshops focused on going from minimum viable product to minimum meaningful product, organizing of financing, assistance, and connections within marketing and international product distribution as well as other relevant topics.
The corporate partners will be with the startups from the beginning of the program to help with technology, market insights, distribution, and more.
How much does the program cost?
Participating in the accelerator is 100% fee-free.
Is the program full- or part-time?
The accelerator is built as a 10-weeks full-time program. However, you will need to be physically present only during specific weeks, when all the workshops, coaching sessions and meetings happen. The rest of the time you will be able to work from your home base.
What size should my team have? Can I bring everyone to Vaasa?
The size of your team does not matter. However, each team can have a maximum of 2 people participating in the program.
Where will we live while attending the accelerator?
Finding accommodation for the time of the accelerator is up to you. EnergySpin will be happy to provide you with some tips and tricks on how to get something in Vaasa, Finland.
Is there any support for cost of living during the time of the accelerator?
EnergySpin does not offer any financial support.
Do you also invest cash?
EnergySpin and its partners are able to invest in the most promising companies taking part in its program (up to 1€ Million).
What is the role of the partners?
EnergySpin’s partners are an integral part of the EnergySpin accelerator program. In fact, their curiosity prompts the accelerator to look at specific trends and requirements. In other words, EnergySpin works together with corporate partners to find and select the most promising companies to revolutionize energy together. The program has been designed to facilitate such collaboration from day one. EnergySpin can promise you unique and direct access to these industry leaders.
Who are your mentors?
EnergySpin’s mentors are energy experts, serial entrepreneurs, venture capitalists, angel investors or other professionals to provide you with the best experience, help, and network out there.
What is the application process like?
EnergySpin has a three-step process:
1. Filling in and submitting an online application via Google forms
2. The 1st round of selection: Selecting 30 startups that will be invited for Selection Days
3. Selection Days: A 2-days virtual event, where startups meet with corporate partners, mentors, and coaches. Based on their evaluations up to 20 startups will be selected for Phase 1 of the program.
During the process EnergySpin tries to be as transparent and founder-friendly as they can, given that we have been in your shoes and understand what it’s like to start a business.