Ameren Corporation launched the Ameren Accelerator, a public-private partnership with the University of Missouri System, UMSL Accelerate and Capital Innovators, that will assess, mentor and invest in energy technology startup companies.
Five to seven startup companies are expected to be chosen, and each will receive $100,000 in seed capital to participate in the Ameren Accelerator program, which will be located in Cortex, St. Louis’ innovation and technology district. The selected startup companies also will each receive intensive mentoring, technical assistance, facilities and networking connections from the Ameren Accelerator partners.
In July, the selected startup companies will receive seed funding and hands-on support throughout the 12-week program. Senior-level executives from a variety of companies will provide mentorship. Subject matter experts in the areas of energy, sales, marketing, pricing, technical development, operations, talent development and finance will also provide guidance. Based out of the CIC@4240 Building in Cortex, participants will be able to network with like-minded individuals focused on innovative thinking and collaboration.
At the conclusion of the program, participants will be invited to showcase their efforts to both the mentoring teams and potential third-party investors during Accelerator Demo Day this October. Ameren may select the most promising projects for ongoing mentoring and engagement beyond the Accelerator program.
Warner Baxter, chairman, president and CEO of Ameren Corporation, said the program is a key component of Ameren’s focus on innovative technologies to make the energy grid smarter, more reliable, resilient, and secure while also transforming how customers manage and use energy.
“As new energy technologies rapidly advance, it is critical that we take bold steps today to better position Ameren to meet our customers’ future energy needs and expectations,” Baxter said.
“This forward-thinking initiative is expected to draw innovators, entrepreneurs and business startups from around the world to St. Louis and to provide us with important insights and technologies to deliver long-term value to our customers and the communities we serve. At the same time, this initiative will enhance St. Louis’ already robust innovation and entrepreneurship community, attract top-level talent, educate university students and create jobs.”
Applications will be accepted from interested entrepreneurs and energy technology companies through May 12. To apply or to learn more about Ameren Accelerator, visit amerenaccelerator.com.
