Bay Area cleantech incubator announces new class of startups
Greenstart, an intensive accelerator for seed-stage cleantech startups, announced its latest class of startups today, who will spend the next 12 weeks working to validate business models, design products and their personal brands, hone investor presentations and emerge in a better position to compete for dwindling cleantech investment dollars.
Greenstart co-founder Mitch Lowe said the idea is to set these companies up for success, which doesn't mean there won't be failures along the way.
"Fail a bunch," said Lowe. "Go fail as often as you possibly can, inexpensively, so that once you get on the right path, then you’re fundable and scaling something that’s already been validated. That one thing is the difference between a startup failing and surviving."
So far, two of the nine companies that graduated from Greenstart's first two classes have raised additional rounds of funding and the incubator said it will likely have more funding news soon.
Today Greenstart announced its latest class of four companies, which join the accelerator for 12 weeks and also receive an investment from Greenstart.
Read more about the startups in the San Francisco Business Times.
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