SOURCE: SURGE Accelerator

SURGE Accelerator

October 02, 2013 13:10 ET

SURGE Accelerator Announces Next Funding Opportunity for Energy and Water Startups

Applications Are Now Open for SURGE Accelerator's Spring 2014 Class

HOUSTON, TX--(Marketwired - Oct 2, 2013) - SURGE Accelerator is now accepting applications from entrepreneurs to join its Spring 2014 class. SURGE will invest in startups spanning the entire energy spectrum, including traditional energy production, energy trading, smart grid, cleantech, cleanweb, and water technology. Participants will receive seed capital, professional services, and access to development tools. SURGE provides unparalleled mentorship from industry experts and seasoned entrepreneurs as well as direct access to potential customers.

Since its founding in 2011, SURGE has graduated two classes totaling 23 companies -- that have raised $18.6 million in follow-on funding. Two graduate companies recently closed venture-baked Series A rounds. drillMap from the first SURGE class closed a $6.5 million round. RunTitle from the second class recently closed a $4 million round. Reid Calhoon, CEO and Founder of RunTitle, said: "Joining SURGE was the single best decision our company has made."

"We seek to identify the best entrepreneurs who offer solutions to the world's energy and water problems," says Kirk Coburn, SURGE's Founder and Managing Director. "We are confident that we will find an impressive group to invest in this year. This new class will join an elite group of SURGE alumni who are at work solving the world's energy and water problems."

Applications must be submitted by December 2, 2013. To learn more about SURGE Accelerator, visit www.surgeaccelerator.com/the-surge-program. Interested companies can apply at: http://surgeaccelerator.sites.hubspot.com/applytosurge.

About SURGE Accelerator:

SURGE Accelerator is the leading accelerator focused on solving the world's energy and water problems. Only two years old, SURGE already ranks as one of the world's best accelerators. SURGE participants have raised $18.6M in funding, landed over 75 enterprise customers, and created more than 100 jobs.

Based in Houston, Texas, "The Energy Capital of the World," SURGE runs an intensive 90-day bootcamp each year to identify leaders, validate business models, raise capital, and connect its companies to the global energy and water ecosystems. SURGE mentors include more than 150 of the world's top scientists, engineers, executives, entrepreneurs, venture capitalists and angel investors in the energy and water industries.

For more information, visit www.surgeaccelerator.com and follow us on Twitter: @SURGEAccelerate

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