Partnerships will provide legal, funding and business expertise to Northwest clean technology startups
SEATTLE and PORTLAND, Ore. – The Cascadia CleanTech Accelerator, powered by VertueLab in Portland and CleanTech Alliance in Seattle, today announced continued partnerships with Craft3 and Dorsey & Whitney LLP that will better position clean technology startups in the 2019 accelerator cohort to secure early funding and access to critical legal curriculum and business mentorship.
The Cascadia CleanTech Accelerator is a 15-week program that delivers cleantech-specific training in business modeling, customer discovery, manufacturing and sustainability planning, prototyping, financing, customer delivery, branding and more to entrepreneurs and early-stage startups located in the Pacific Northwest. The 2019 accelerator program runs from May through September. The application window closed April 24.
Dorsey & Whitney, a law firm with more than 575 lawyers in 19 locations, provides legal and business needs. The firm has sponsored the Cascadia CleanTech Accelerator since its inception.
"Our long-standing partnership with the Cascadia CleanTech Accelerator allows Dorsey & Whitney to work alongside incredibly talented entrepreneurs who are bringing innovative new clean technologies to market where they can impact a wide range of environmental issues," said Jennifer Spaith, Partner at Dorsey & Whitney.
Craft3 is a regional nonprofit that has invested more than $76 million since its founding in 1994 into cleantech companies across Washington and Oregon.
"Cascadia CleanTech Accelerator enables Craft3 to work directly with promising companies that are creating the next generation of clean technologies and services," said Brad Hunter, Senior Lender at Craft3. "By working side-by-side with accelerator companies, we can leverage our cleantech expertise to help position the cohort for long-term growth and success."
VertueLab and CleanTech Alliance co-operate the Cascadia CleanTech Accelerator, which has coached and sped development of more than 25 startups since its inception in 2016, including Sironix Renewables, Wheyward Spirit, Bladerunner Energy, STARS Technology Corporation and others.
"Dorsey & Whitney and Craft3 are both forward-looking in their support of new clean technology innovation and recognizing the impact cleantech startups can have on the climate crisis and other environmental issues," said David Kenney, President & Executive Director of VertueLab."
"Craft3 and Dorsey & Whitney are valuable assets for the Cascadia CleanTech Accelerator program, helping our cohort companies understand legal, business, and funding considerations early so they can make sound decisions from the very beginning," said J. Thomas Ranken, President and CEO of CleanTech Alliance.
Each cleantech startup participating in the Cascadia Cleantech Accelerator cohort receives:
One-on-one mentorship from cleantech industry leaders to help with business planning, intellectual property protection, marketing strategy, financing and more
Expert advice on manufacturing scale-up, prototyping and development
Investor connections and introductions from across the region.
Business connections from both VertueLab and CleanTech Alliance networks that deliver access to industry leaders and service providers
Hands-on workshops to assist with business model creation, product development, market development and funding strategies
Weekly videos, webinars and panels presented by industry experts that guide startups through the commercialization process while sharing valuable insights and lessons learned
Customer discovery assistance to hone minimally viable product and go-to-market strategy
Company and brand visibility from established CleanTech Alliance and VertueLab industry events, programs and marketing outreach
Access to prize money and in-kind services, with participating startups competing for non-dilutive cash prizes along with in-kind services from partners.