Applications are now open for Dominion Energy Innovation Center Accelerate Program to enable the growth of high-potential companies with a focus on energy and sustainability solutions.
Donor Name: Dominion Energy Innovation Center (DEIC)
State: Virginia
County: All Counties
Type of Grant: Accelerate
Deadline (mm/dd/yyyy): 03/31/2022
Details:
DEIC is one of Virginia’s leading startup incubators, with more than ten years of experience supporting entrepreneurs from all over the Commonwealth. Started as a public/private partnership between Dominion Energy, the Virginia Bio+Tech Research Park, the town of Ashland, and Hanover County, DEIC has a strong mission to support job growth and accelerate the formation of technology startups in Virginia. In addition to their available incubator space in Ashland, they offer educational and networking programs, expert mentoring, and an annual pitch competition.
The 18-week program provides 6-8 startup companies with networking space and intensive mentoring to help accelerate the growth of participating businesses. Companies will receive expert mentorship from a combination of current and former business leaders, including a dedicated mentor from Dominion Energy and one of their other corporate, government, or education partners. Startups also will receive additional help from specific subject matters experts in areas such as technical development, sales, marketing, finance, pricing, operations, talent development and more. At the conclusion of the program their companies will participate in a demo day in front of Dominion Energy, potential investors, potential customers and others. Dominion Energy or their corporate advisory partners may select specific companies for additional mentorship, pilots or post-program investment.
The program is designed for startup companies that provide a sustainable solution for Dominion Energy, their customers, or communities across the commonwealth. While they give preference to companies based in Virginia, they will take a portion of cohort members from anywhere in the United States. They are looking for companies with functional products, ideally post-revenue/pre-Series A, working on solutions that broadly fall within the following themes:
- Sustainable: decarbonization, environmental, social innovations, circular economy
- Digital: data, smart cities, industrial IoT, communications, connected worker, robotics
- Transportation: mobility platforms, fuel efficiency, charging infrastructure, vehicle-to-grid (V2G), vehicle-to-building (V2B), autonomous systems, advanced road infrastructure
- Distributed Resources: smart home, resiliency, aggregation platforms, energy storage
Eligibility Criteria
- Applying companies must be incorporated.
- You may not have launched prior to 2016.
- You ideally have at least one full-time employee.
- You must have established at least a minimum viable product. Preference will be given to companies that have generated some revenue.
- Your product or service improves the decarbonizing or modernizing of the electrical grid or potentially improves sustainability outcomes for businesses and individuals across Virginia.
For more information, visit Dominion Energy Innovation Center (DEIC).
