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Winners Selected for the Greentown Labs Bold Ideas Challenge in Partnership with Schneider ElectricSOMERVILLE, Mass., Aug. 16, 2018 /PRNewswire/ -- Greentown Labs, the largest cleantech startup incubator in the United States, and Schneider Electric, a global leader in the digital transformation of energy management and automation in homes, buildings, data centers, infrastructure and industries, have selected the awardees for the first of its kind Greentown Labs Bold Ideas Challenge. The Greentown Labs Bold Ideas Challenge is a 6-month accelerator program housed at Greentown Labs, in Somerville, MA, and focused on fast tracking entrepreneurs with the mentors, team members, business and technical resources they need to launch successful ventures with direct support from Schneider Electric. The Bold Ideas Challenge received 155 applications throughout the recruitment process, representing 29 countries and a wide variety of products, technologies, and business models. Submissions were evaluated based on the potential impact of the solution's ability to increase efficiency, automation, and user experience while supporting society's rapid transition to a distributed, digitized, and decarbonized energy economy. After a highly-competitive, multi-stage review process, the following companies were selected as awardees:
Additionally, all awardees are eligible for partnership with and/or investment from Schneider Electric by the end of the program which will conclude in January 2019. "Schneider Electric's Business Incubation Initiative is excited to work closely with the Greentown Labs Bold Ideas Challenge participants to accelerate their businesses and develop fruitful partnerships that advance our mutual innovation goals," said Heriberto Diarte, Head of External Innovation and Corporate Ventures, Schneider Electric. "Greentown Labs is thrilled to welcome these innovative companies to the Greentown Labs Bold Ideas Challenge and we're eager to see all the progress they'll make during the 6-month program," said Greentown Labs CEO, Dr. Emily Reichert. "Based on our successful Greentown Launch track record, we're confident this program will result in great partnerships between Schneider Electric and the startups!" The Bold Ideas Challenge will host a culminating event in early 2019 to celebrate the startups' successful completion of the program and announce any partnerships or investments made as a result of the program. The event will take place at Greentown Labs' Global Center for Cleantech Innovation, event date and registration page forthcoming; visit www.greentownlabs.com for more information. About Greentown Labs About Schneider Electric Greentown Labs Media Contact: View original content with multimedia:http://www.prnewswire.com/news-releases/winners-selected-for-the-greentown-labs-bold-ideas-challenge-in-partnership-with-schneider-electric-300698174.html SOURCE Greentown Labs |