(PRWEB) March 13, 2013
Save Energy Systems, Inc. http://www.saveenergysystems.com today announced that it was awarded $50,000 of investment capital in the Village Capital/VentureWell accelerator program that culminated during the SOCAP:Soul (social capital) event at MIT on March 9, 2013.
The intensive peer-based Village Capital/VentureWell Boston program began November 29, 2012 at Greentown Labs in Boston. The program included entrepreneurs from around the world, all of whom were energy or social service based, and included expert coaching on how to build investment ready companies, develop a network of investors and strategic partners that can help scale innovations. At the end of the program, Save Energy Systems was selected as one of two start-ups to each receive a $50,000 convertible note investment, based on the decisions of participating entrepreneurs.
Paul Laskow, President of Save Energy Systems, said “We are honored to have been selected by a group of peers to be a co-winner of the Village Capital/Venture Well investments along with CleanNG. Given the caliber of participating companies, the award is a testament to our technology, results and strategy.”
About Save Energy Systems
Headquartered in Beverly, MA, Save Energy Systems Inc. develops energy efficiency technology. Its patented Demand Limiting Controller (DLC) provides small to mid-sized facilities with a simple, efficient solution for the intelligent control of multiple HVAC systems and overall energy reduction without compromising comfort or productivity. The Company is allied with North Shore InnoVentures. For further information, visit http://www.saveenergysystems.com.
About Village Capital
Village Capital (http://www.vilcap.com) uses the power of peer support to build enterprises that change the world. Inspired by the concept of the “village bank” in microfinance, Village Capital puts the hard tasks of building companies–criticism, strategy, feedback, and legwork–in the hands of entrepreneurs themselves.
In Village Capital programs, entrepreneurs leverage help from their peers: individuals rooted in practical experience and gain a network of like-minded leaders to reach scale. In the past four years, Village Capital has launched seventeen programs worldwide, supporting over 275 entrepreneurs. Participants have raised $30 million, created over 5,000 jobs, and served 4 million customers.
VentureWell (http://www.venturewell.org) is a program of the National Collegiate Inventors and Innovators Alliance, a U.S. non-profit based in Massachusetts and operating nationally. We provide grant funding and supporting to university student innovators. Our ventures have raised over $200 million in capital. Our focus is engineering products and devices that can lead to scalable ventures delivering high social and environmental value.
Inquiries into future Village Capital / VentureWell programs should be submitted to James Watson at james(at)vilcap(dot)com.