Launch Alaska’s program selects companies tackling some of the world's biggest energy and climate problems
ANCHORAGE, AK - Launch Alaska has announced the selection of BoxPower to participate in its 2018 business accelerator in Anchorage, AK. BoxPower was one of four energy companies selected to complete the four month intensive program and receive mentorship, business training, business services, and $75,000 in exchange for equity in their companies.
With the highest cost of electricity and some of the highest per-capita energy consumption in the U.S., Alaska is hungry for energy innovation because of the outsized impact that energy costs have on residents’ pocketbooks. Participation in the cohort provides a unique opportunity for a company to test its technology in remote and harsh conditions.
“BoxPower can’t wait to start working with these incredible teams, tackling the challenge of deploying renewable energy systems in one of the toughest environments on the planet.”
“The companies selected for the Launch Alaska program offer promising innovations for the energy sector here in Alaska and globally,” said Isaac Vanderburg, Manager Director, Launch Alaska. “We look forward to working closely with these innovators to begin solving some of the state's most intractable problems - leveraging emerging technologies like AI and blockchain to address energy cost and deployment challenges. Alaska can and should be a hub for innovative solutions to meet some of the most pressing global challenges.”
Each company will receive $75,000 in funding in addition to intensive mentoring, technical assistance, facilities and networking connections from the Launch Alaska mentors and partners. At the conclusion of the program, participants will be invited to showcase their efforts to both the mentoring teams, potential third-party investors and the local community during the Launch Alaska Accelerator Demo Day on June 28, 2018. Launch Alaska may select the most promising companies for their Deployment Track which includes additional funding and mentoring to demonstrate and commercialize their technology.
About Launch Alaska:
Launch Alaska is powering the founders of our energy future. We're bringing together entrepreneurs, members of the military, utility operators, researchers and thought leaders to work toward a shared vision of Alaska as a thriving innovation and entrepreneurial hub. From drones to climate change mitigation, and from electrical grids to cyber security, Alaska holds value and experience that a growing entrepreneurial ecosystem is beginning to capture. We seek companies that are innovating solutions to make our communities and organizations more resilient while tackling some of the world's biggest energy and climate problems.
BoxPower participated in both the Keller Center eLab Incubator and the eLab Summer Accelerator programs. They have also received investment through the Alumni Entrepreneurs Fund (AEF) of Princeton Entrepreneurship Council.
BoxPower provides innovative infrastructure solutions to off-grid and underserved markets worldwide. They believe that the future of energy should be sustainable, modular, and distributed. This vision has led us to develop the world's largest containerized hybrid renewable energy system. And we're just getting started. We design and manufacture custom, modular, off-grid energy systems for any application, with the goal of bringing our technology to the 1.2 billion people worldwide without grid electricity.