Techstars, the worldwide network that helps entrepreneurs succeed, is partnering with Alabama Power to launch the Techstars Alabama EnergyTech Accelerator, a startup accelerator focused on innovations in energy technology to be located in Birmingham.
The venture is receiving additional support from the Economic Development Partnership of Alabama (EDPA) and the Alabama Department of Commerce.
The Techstars Alabama EnergyTech Accelerator will attract startups that are building technologies and business models to enhance the future of energy. Focus areas will include smart cities, the “internet of things,” industrial electrification, connectivity and electric transportation.
Through its corporate accelerators, Techstars develops partnerships with corporations to add industry expertise through mentorships, business development opportunities and access to resources. Alabama Power is Techstars’ first electric utility partner.