portuguese startups bootcamp

Two Portuguese startups are chosen out of 515 submissions from 65 different countries to be among 30 startups participating in the Free Electrons Bootcamp in Lisbon from April 3-6.

Two startups from Portugal beat out hundreds of international startups for a place in the bootcamp. The leading startup in the bootcamp will earn a place in the Free Electrons Accelerator program, which has three modules: Module Zero in Lisbon, Portugal; Module One in Sydney and Melbourne, Australia; and Module Two in Silicon Valley, California.

Free Electrons is the global energy startup accelerator program that connects the world’s most promising startups with leading utility companies.

Its mission is to find the world’s most innovative energy startups and channel them to a global customer base.

Portuguese startups Jungle AI and Loqr will be participating in the Free Electrons Bootcamp from April 3-6 in Lisbon.

Jungle AI is a predictive intelligence company at the forefront of applied research in artificial intelligence. The team targets the ever expanding streams of data within organizations to help predict what operations will look like in the near future. From knowing when wind turbines will fail, to predicting how product sales will perform and why.

Loqr provides adaptive authentication security solutions and is deploying world-leading client recognition and access management systems that are able to secure billions of users’ accounts.

A cornerstone of the Free Electrons Accelerator program includes three international modules across the globe, where participants will work closely with local accelerators, utilities, mentors and other resources in order to jump-start their companies’ growth.

The Free Electrons Bootcamp is where a “shortlist of startups will showcase their solutions as well as their teams in order to gain one of [the] spots in the program.”

Among the startups that earned a place in the bootcamp, both the United States and Germany had five startups each; Australia and France had three startups each and Portugal and the United Kingdom had two each.

The countries represented by one startup were: Bangladesh, China, Greece, Ireland, Israel, Norway, Spain, Sweden, Switzerland, and the United Arab Emirates.

The areas in which they’re focused on are: IoT digitization (30%), Smart Grids (27%), Clean Energy (13%) and Energy Management (10%).

portuguese startups bootcamp
Florian Andreas Kolb

“We are very pleased with this final list, since it represents the great diversity we found in this applications process,” said Florian Kolb, Managing Director at innogy New Ventures.

“It is not easy to pick and choose from 515 different applications, but we had solid debates and discussions, and narrow the list down to this 30. I believe that speaks to the overall quality of the candidates, and that is critical, as we are looking for innovative solutions, that can be adopted and integrated in our companies, and help shape the future of the energy sector,” added Kolb.

The Free Electrons Accelerator is run by an international alliance of nine big utilities companies, including two from Portugal, Energias de Portugal and Beta-i.

The 30 international startups chosen were:

Adaptricity (Switzerland – Smart Grids)
Chakratec (Israel – E-mobility)
Cleverciti Systems GmbH (Germany – IoT & Digitization)
ElectrIQ Power, Inc. (USA – Energy Management)
EQuota Energy (China – Smart Grids)
Fresh Energy (Germany – Customer Solutions)
Greenbird Integration Technology (Norway – IoT & Digitization)
GreenPocket (Germany – Energy Management)
GridCure (USA – Smart Grids)
GridWatch MAC Ltd (Ireland – Smart Grids)
Howz (UK – Business Model Innovation)
Hygge Power (USA – Energy Efficiency)
Jungle.ai (Portugal – IoT & Digitization)
Kisensum, Inc. (USA – Smart Grids)
Loqr (Portugal – IoT & Digitization)
Lumenaza (Germany – Energy Management)
Manetos Labs AB (Sweden – IoT & Digitization)
MEAZON (Greece – IoT & Digitization)
Nnergix (Spain – Smart Grids)
Orison (USA – Smart Grids)
RayGen Resources (Australia – Clean Energy)
Relectrify (Australia – Clean Energy)
Smart IoT (United Arab Emirates – IoT & Digitization)
SmartGreenCharge (France – Clean Energy)
SOLshare Ltd. (Bangladesh – Smart Grids)
Spark Horizon (France – E-mobility)
Sterblue (France – Energy Efficiency)
Verv Energy (UK – IoT & Digitization)
VoltStorage (Germany – Clean Energy)
Wattwatchers (Australia – IoT & Digitization)