Australia Hong Kong Ireland Online Portugal United Arab Emirates
The Free Electrons program consists of a series of modules held physically & digitally, across the globe, over the course of one year.
During each module the Free Electrons community of experts including The Utilities, local accelerators and mentors support the startups to jump start their business during one-on-one meetings and structured group sessions.
Startups can refine their value proposition, trial and test technology and gain access to invaluable resources, advice and support from around the globe. At Free Electrons we have a keen focus on learning and development – we want to help startups grow their business.
The 2022 edition will be held digital to physical.
This means that each module (digital or physical) has a host destination, based on the Utilities’ country of origin. If/when it is possible to host a physical module, we will!
- OPEN WORLDWIDE
Applications January 4 - March 29
Post applications opening: Preliminary discussions, Pilot and project scoping.
Bootcamp May 24 - May 27
Selected startups will showcase their solutions and their teams through a fast-paced pitch event and participate in intense one-on-one meetings with utilities. The closing of the Bootcamp will see successful startups go on to participate in the remaining modules.
Post Bootcamp: Preliminary discussions, Define roadmaps, Pilot and project scoping
Master Module June 21 - June 24
The Master Module focuses on matching solutions with concrete challenges to outline a collaborative roadmap for the first pilots between startup and utility. Through further one-on-one meetings, pilot scope is clearly defined, and solutions are being contracted. Working with mentors and learning from successful case studies, participants will be given insight into the utility piloting process, advice on pitching to corporates, and explore the inner workings of large corporations.
Post Master Module: Refine, Pilot and project scoping, Guidance and development with mentors and open innovation partner (Beta-i).
Mini Module 1. (July 28 & July 29)
The mini modules will still have sessions, they will just be shorter so we should share the purpose.
Startups and utilities continue to collaborate to refine the scope of potential pilot projects, commercial transactions and/or investment contracts. At each mini module, startups are given the opportunity to present on progress made, develop a deeper understanding of utility needs, ideate new approaches, overcome obstacles. And networking, of course!
Post Mini Module:
Guidance and development with mentors and open innovation partners (Beta-i)
- HONG KONG
Mini Module 2. (September 23 & September 24)
This is the second mini module. At each mini module, startups are given the opportunity to present on progress made, develop a deeper understanding of utility needs, ideate new approaches, overcome obstacles. And networking, of course!
Post Mini Module:
Guidance and development with mentors and open innovation partners (Beta-i), Pivot, Scaling and Growth.
Final Module November 9 - November 11
The Final Module of the 2022 edition focuses on concluding negotiations and defining projects for scaling and growth prospects. This is not the end – opportunities will continue to be developed outside of this module. A final pitch event and an award ceremony before the Free Electrons consortium, guests and representatives of the local innovation ecosystem will take place.
Opportunity is About:
Candidates should be from:
Description of Ideal Candidate:
The Utilities look for:
- The quality of the startup team, including relevant experience and a mix of complementary skills (business and technical)
- The quality of the product/solution, particularly how innovative and unique it is, whether it provides a competitive advantage and whether it can be easily replicated
- A clear articulation of the type and size of the market that is being targeted
- A clearly defined business model
- The fit of the startup with the needs of The Utilities and the structure of the Program
What stage startup are The Utilities looking for?
The Utilities support a variety of startups at different stages. Typically, the start ups applying for Free Electrons have already raised money, have pilot ready solutions and have created a working prototype.
Deadline: March 29, 2022
Program Starts: May 23, 2022
Program Ends: November 11, 2022
Cost/funding for participants:
- By joining Free Electrons, startups will have the opportunity to test their solution with top global energy utilities. Each interaction is designed to facilitate ongoing conversations between startups and utilities to refine value propositions, seed pilot projects and explore investment opportunities. To date, The Utilitiesin the Free Electrons program have spent $20+ million in startup pilot projects.
- Flights and accommodation are provided by the program.