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When Ameren Corporation, UMSL Accelerate from the University of Missouri-St. Louis and Capital Innovators came together to announce the new Ameren Accelerator program in March, it was the first of its kind in the U.S. and the St. Louis region’s first accelerator to focus on energy technologies.
Applications for Ameren Accelerator‘s first cohort were accepted through May 12. This week, it announced some newsworthy statistics:
- The program received 202 applications from 31 countries. After the U.S. (116 applications), India had the highest number of applicants with 20, followed by the U.K. with 9.
- There were applicants from 23 U.S. states. Missouri had the most applicants at 31, followed by California with 30.
- About 25% of applicants are “post-revenue,” and another 14% have revenue of $1,000+/month.
- Almost 50% of the applicants have received no previous funding, while 16% have received more than $200k in funding.
In July, the accelerator will choose five to seven startup companies to participate, with each receiving $100,000 in seed capital and hands-on support throughout the 12-week program. Senior-level executives from a variety of companies will provide mentorship. Subject matter experts in the areas of energy, sales, marketing, pricing, technical development, operations, talent development and finance will also provide guidance. The program will take place in Cortex.