PROVIDENCE – Four Rhode Island companies were selected for the 2018 Cleantech Open Northeast accelerator program and had their application costs and fees underwritten by Slater Technology Fund, the nonprofit seed fund announced Monday.
The full cohort consists of 30 companies from the region, chosen from an applicant class of 57 startups. Participants in the cohort will work with mentors and attend business clinics and webinars. In the fall, teams will present their ideas for regional-level judging and be awarded prizes.
The Cleantech Open is a nonprofit organization operated by the Northeast Clean Energy Council Institute.
“Entrepreneurship is a powerful catalyst for the kind of change we need to attack the world’s most pressing problems,” stated Thorne Sparkman, Slater managing director. “That’s why we’re happy to work with NECEC on the Cleantech Open, which is helping prepare the next generation of entrepreneurs who will create the clean economy. We’re especially proud of the fact that a record number of Rhode Island companies will be participating in the program this year.”
Winners on the regional level will go on to the accelerator’s global forum, at which winners will compete against other regional winners for prizes.
The four Rhode Island companies chosen for the 2018 Cleantech Open class were:
- Aquabytes – Kingston: a startup applying computer vision and machine learning models to provide actionable information for individual homes, municipalities and water utilities.
- Heliotrope Energy – Providence: a startup using artificial intelligence and robotics to lower the cost to develop, manage and control renewable energy systems.
- OysterTracker – Providence: developer of an aquaculture management platform that helps oyster farmers manage their workers, optimize their lease activities and plan their harvests.
- TechStyle Materials – Providence: a developer of multifunctional construction materials designed to increase the energy efficiency, comfort and durability of buildings.
Chris Bergenheim is the PBN web editor.