SURGE Accelerator Joins the TechStars Network to Accelerate Efficient Energy Software Startups

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As a TechStars Network Member, SURGE Takes Part in White House Startup America Program

Kirk Coburn, Director and co-founder, SURGE Accelerator

SURGE was created to accelerate innovation in energy software technologies. As we approach the Call for Applications, SURGE is excited to announce our membership in the TechStars Network."

SURGE, the only mentor-driven, seed accelerator focused on efficient energy software startups, today announced it has formally joined the TechStars Network in support of the Startup America initiative. Through this membership, SURGE joins a select group of members from major U.S. and International cities as the only energy-focused accelerator.

“As we approach SURGE Accelerator’s inaugural Call for Applications, we are excited to become a part of the TechStars Network and extend the benefits of this relationship to SURGE’s future entrepreneurs,” said Kirk Coburn, Managing Director and co-founder of SURGE Accelerator. “Located in Houston, the Energy Capital of the World, SURGE Accelerator was created to accelerate innovation in energy software technologies. The knowledge sharing and collaboration we’ll gain through the TechStars Network will help SURGE to further advance our goals and those of our mentors, corporate partners, and the overall energy community towards energy independence and improving energy efficiency worldwide.”

The TechStars Network is part of the Startup America initiative that was launched earlier this year. In partnership with the White House, the goal of the TechStars Network is to become an engine for job growth by ensuring that over the next four years, 5,000 experienced business leaders and investors will mentor and support 6,000 promising young entrepreneurs. The aim is to increase the success rate and sustainability of each program, and to ultimately create 25,000 new economy jobs by 2015.

“The TechStars Network was launched in early 2011 and has since grown to include 34 organizations sharing the common goal of supporting our Nation’s startup communities,” said Patrick Riley, Director of the TechStars Network. “We’re especially excited to have SURGE become a part of the TechStars Network as they are the only accelerator focused solely on advancing the energy agenda. They’ve brought together an incredible mentor team and have established a strong program with a focus on smart grid applications, energy trading and risk management, and digital oilfields, all of which will propel the future of our energy market.”

Attracting preeminent industry executives from the energy, entrepreneur, and venture capital communities, SURGE Accelerator offers entrepreneurs access to one of the world’s best ecosystems to grow their company from idea to prototype to market leader. With direct access to the largest deregulated electricity market, largest population of smart meters, and second largest information technology service economies, SURGE Accelerator can enable entrepreneurs to successfully transform their ideas into real businesses.

Entrepreneurs accepted into SURGE spend an intense three months in SURGE’s Houston-based bootcamp, preparing their startups for rapid customer acquisition and their next round of financing. Each startup is partnered with energy industry experts, experienced investors and energy market leaders who will mentor the entrepreneurs through the complexities of developing their go-to-market strategies in today's new energy economy. The capstone of the program is “SURGE DAY” – where entrepreneurs will present their company to an audience of energy-focused venture capitalists, angel investors, corporations and their development teams, key community energy and information technology leaders and the media. SURGE DAY provides a platform for the next great wave of energy technology entrepreneurs to demonstrate the value and viability of their graduating startup. SURGE Accelerator’s first class launches in the Spring of 2012. Applications will open in the next few weeks at http://www.surgeaccelerator.com.

About SURGE Accelerator
SURGE Accelerator is a mentor-driven, seed accelerator solving the world’s energy problems using software. Based in Houston, The Energy Capital of the World, SURGE Accelerator assists companies seeking to innovate and exploit the massive shifts in technology, policy, and expertise in the traditional energy industry. SURGE will accelerate entrepreneurs innovating in three primary segments – Smart Grid Applications, Energy Trading & Risk Management, and the Digital Oilfield – by providing them with the seed capital, expert mentorship and industry ecosystem to rise to true market validation. SURGE Accelerator’s Houston and Gulf Coast resources ensure entrepreneurs benefit from access to the largest deregulated electricity market, largest population of smart meters, second largest information technology service economies, and one of the world’s best ecosystems to help an entrepreneur grow their company from idea to prototype to market leader. For more information on SURGE Accelerator and the application process, visit http://www.surgeaccelerator.com.

About the TechStars Network
The TechStars Network is a membership organization that ensures the sharing of resources and best practices between independently owned and operated mentorship-driven seed acceleration programs across the globe. Currently, the TechStars Network includes charter members in dozens of cities, including AlphaLab, Pittsburgh, PA; Arizona State University, Scottsdale, AZ; Betaspring, Providence, RI; Blueprint Health, New York, NY; BoomStartup, Salt Lake City, UT; The Brandery, Cincinnati, OH; The Elevator, Tel Aviv, Israel; Excelerate Labs, Chicago, IL; Founders Co-op, Seattle, WA; Incubate Miami, Miami, FL; Joyful Frog Digital Incubator; Singapore; Jumpstart Foundry, Nashville, TN; Launchpad LA, Los Angeles, CA; LaunchPad Ignition, New Orleans, LA; Ryan Academy Propeller Seed Accelerator Program, Dublin, Ireland; Springboard, Cambridge, UK; Startupbootcamp, Copenhagen, Denmark and Madrid, Spain; Tech Wildcatters, Dallas, TX; TechStars Boston, MA, New York, NY, Boulder, CO, Seattle, WA, and TechStars Cloud in San Antonio, TX. The TechStars Network is quickly expanding its membership.

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Suzanne Tormollen
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