ChargeUp accepting applications for its second cohort
The inaugural group of five companies included "Innovation Crossroads" alum Ateios Systems.
New Energy New York (NENY) has opened applications for the second cohort of ChargeUp, the six-month accelerator program that is designed to support start-ups working on battery innovations to help them advance their technology development and their business.
The program follows the success of the inaugural cohort of companies that included Ateios Systems, an alum of the “Innovation Crossroads” program operated by Oak Ridge National Laboratory, Fermi Energy, MITO Materials, and Standard Potential.
Early stage U.S. companies that are working on battery innovations anywhere in the supply chain are encouraged to apply. Companies accepted into the accelerator will receive $25,000, connections to investors, and opportunities for follow-on investment, including up to $100,000 in vouchers for technical development. Each month, participation in the Binghamton, NY-based accelerator includes one week of in-person instructional workshops and regional tours of supply chain partners and three weeks of virtual activities, such as instruction provided by industry and business experts, pitch coaching, regional showcases, and building out each company’s data room so they are ready for investment.
The initiative is part of a $4.5 million grant awarded to NextCorps from the U.S. National Science Foundation to test an accelerator model focused on technology commercialization for early stage, deep-tech businesses, and strengthen economic development within region-specific technology hubs located across the U.S.
Start-ups applying to ChargeUp must be incorporated, have at least two people working full time on the business, and should have proven their core technology, preferably having developed a working prototype. ChargeUp Cohort 2 begins in April 2025 and concludes in October 2025. Virtual info sessions will be held November 13 and December 10, 2024 and on January 8, 2025, to help companies assess if the program is right for their business.
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