SOURCE: SURGE Accelerator

SURGE Accelerator

April 14, 2014 10:55 ET

SURGE Accelerator to Invest in Most Innovative Energy Tech Startup

SURGE Awarded A-76 Technologies an Investment Prize Worth $80,000 Plus In-Kind Services at the Rice Business Plan Competition; This Prize Recognizes the Most Innovative Energy Tech Startup

HOUSTON, TX--(Marketwired - Apr 14, 2014) -  SURGE named A-76 Technologies as The Most Innovative Energy Tech Startup at the Rice Business Plan Competition.

A-76 was awarded a spot in SURGE's next accelerator program. Upon entering SURGE, the company will receive up to an $80,000 investment and additional in-kind services.

A-76 produces high-performance anticorrosion coatings with lubricating properties that work in high humidity, high salinity, and extreme temperature environments. The company's initial target market is the oil and gas industry and plans to expand into adjacent markets. The technology was invented by Rice University professor Dr. James Tour.

"We started with capital efficient software companies to show that a seed fund and accelerator model would work in energy. We are now the largest investor in energy startups. Our experience combined with SURGE's close alliances with industry partners has led us to focus on the entire needs of the energy customer base, which include hardware and materials. We want SURGE to be the first destination for all energy technology entrepreneurs," explains Kirk Coburn, Founder and Managing Director of SURGE. "We look forward to A-76 joining the other SURGE founders as they work to become the new leaders and influencers of energy," he adds.

"We are thrilled to be joining the next SURGE class. We look forward to the opportunity to work with the SURGE network in growing our business," says Lauren Thompson, Founder and CEO of A-76 Technologies.

During the SURGE program, A-76 will have access to over 150 mentors, support resources, and capital. A-76 will also have the opportunity to present at SURGE Day 2015 to an audience of 500+ energy investors and executives.

About SURGE

SURGE is the leading seed fund and mentor-driven accelerator that identifies, invests in, and enables entrepreneurs who are solving the world's energy problems using technology. SURGE is ranked in the top ten accelerators in the US. Portfolio companies have raised over $25M in funding, generated similar amounts in customer revenue, and created more than 150 jobs since May 2012.

Based in Houston, Texas, "The Energy Capital of the World," SURGE identifies leaders, validates business models, raises capital, and connects startups to customers and the global energy ecosystem. SURGE has recruited over 150 of the world's top scientists, engineers, executives, entrepreneurs, venture capitalists, and angel investors to serve as mentors.

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