ENERGYSPIN ACCELERATOR SPRING 2022

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. Each time up to 10 companies are chosen for the program.

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. Their team will continue to work with you to develop your business and customer relations and introduce you to service providers and new partners.

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 a pressing business issue they are facing.

At its core, EnergySpin works towards establishing and grow mutually beneficial cooperations between startups and corporate partners.

EnergySpin is part of your team. They don’t just advise you, they work with you shoulder to shoulder each and every day to build successful stories. At EnergySpin, the goal is to get you to launch your idea to the world.

The accelerator offers startups the chance to present their use cases to its corporate partners, who are open for possible pilots, 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 and other startup and industry-relevant topics.

EnergySpin's corporate partners will be with the startups from the beginning of the program to help with technology, market insights, distribution, and more.

The application will be considered regardless of the stage of your company. However, you should be able to showcase a prototype of your product/ service.

Participating in the accelerator is 100% fee-free.

The accelerator is built as a 10-weeks part-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.

However, EnergySpin encourages you to stay the entire 10-weeks, use its premises and get the most from the accelerator and 10 weeks in the unique business cluster.

EnergySpin and its partners are able to invest in the most promising companies taking part in the program up to 1 Million €.

EnergySpin invests in the most promising companies at the end of the Accelerator Program. They believe long-term alignment with companies is the only way to build great value, and the 10-weeks program is the best way to establish such alignment.

First, EnergySpin wants to help its portfolio companies to find the right path, and when they do, EnergySpin can financially commit to helping them reach the next milestone.

Participation in the accelerator is not tied to any financial funding.

However, you will be exposed to many international investors during your time in the program. It is up to you to grab their attention with your company.

Absolutely. Being accepted into the accelerator is not tied to, nor does it guarantee any financial funding.

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.

EnergySpin does not offer any financial support.

Yes.

EnergySpin does not take any of your equity, and if you get the attention of one of the many investors during the program, it will be up to you to make a decision concerning further funding.

The size of your team does not matter to EnergySpin. However, each team can have a maximum of 2 people participating in the program.

No, being an EU citizen is not a criterion in the selection process.

However, EnergySpin cannot guarantee that you will be granted a Finnish visa.

EnergySpin's partners are an integral part of the EnergySpin accelerator program. In fact, their curiosity prompts EnergySpin to look at specific trends and requirements.

In other words, EnergySpin works together with them to find and select the most promising companies to revolutionize energy together. EnergySpin's program has been designed to facilitate such collaboration from day one. EnergySpin can promise you unique and direct access to these industry leaders.

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.

EnergySpin is not looking for one particular business model. Above all, EnergySpin wants to work with teams that want to solve real problems and transform industries.

EnergySpin is looking for companies that are solving real problems in the energy business. EnergySpin selects 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 our partners, mentors and community. Ultimately, EnergySpin looks for companies that have strong potential for collaboration with one or more of our corporate partners, and which can benefit from the platforms, distribution channels and expertise that partners provide.

EnergySpin runs two programs each year. One in Fall and another in Spring. Each batch takes in a maximum of 10 companies. Companies can stay at EnergySpin's space for up to 6 months.

EnergySpin has a three-step process:

1. Filling in and submitting an online application
2. The first round of selection: Selecting 40 startups that will be invited for Selection Days
3. Selection days: A 2 days event, where startups meet with EnergySpin's corporate partners, mentors and coaches. Based on their evaluations up to 10 startups will be selected for the program.

During the process, EnergySpin tries to be as transparent and founder-friendly as it can, given that EnergySpin has been in your shoes and understand what it’s like to start a business.

You can pay EnergySpin back by succeeding with your company and developing projects with its corporate partners. EnergySpin wants you to grow and succeed.

EnergySpin doesn’t take equity from participating startups, but in exchange for the program, EnergySpin can invest in the company with a 25% discount within one year, if the startup is willing for EnergySpin to join. When EnergySpin does invest, it receives normal stock, which is just like founders’ stock. You maintain complete control of your company and EnergySpin remains committed to making you successful.