“Clean energy is a hot topic right now, but innovators and entrepreneurs shouldn’t get cocky.”
Where is the money in startups these days? Here is a clue: Look at the student-led startup teams finding favor on college campuses during investor competition season. At the Super Bowl of such competitions, held last May at the McCombs School of Business, nothing was trending faster than funding clean energy startups.
I spoke with the founders of the competition’s winning clean energy startup to identify three essential moves that will help clean energy projects find investor support.
1. Ride the clean energy momentum
Panos Adamopoulos has 11 years of consulting and strategy development experience in Hong Kong and China, but last May his attentions were focused on a team of judges sitting in a ballroom at the Global Venture Labs Investment Competition in Austin. He had reason to feel confident; his pitch team had already won the top clean energy prizes at Rice, Berkeley, and Greenville Tech, and they were about to garner one more.
Adamopoulos, Devin Bedwell, and Stevan Slusher, all students in the Master of Science in Technology Commercialization program at McCombs, teamed up to launch Seismos, a company that promises to free up previously unreachable oil reserves while lowering carbon dioxide loss during production.
Seismos added one more notch to their belt that day, with a win of the Wells Fargo Clean Energy prize, bringing their earnings to $45,000 cash and about $100,000 in incubation and consulting services.