Why apply to CleanTech Open?

Editor's Note:

Founders applied to CleanTech Open for a variety of reasons, from aligning with the accelerator’s values to finding a supportive ecosystem within the sustainability sector. They aimed to refine their narrative, explore innovative solutions, and gain a global perspective on sustainability, recognizing CleanTech Open’s potential to propel their startups forward. 

Here’s what founders had to say about why they applied to CleanTech Open…

  1. One founder’s alignment with Cleantech Open’s values was further solidified when they received their Agricultural Award first.
  2. Another’s decision to join the Cleantech Open in 2022 was driven by the desire for a transformative experience that could propel our startup forward.
  3. One other founder’s path to CleanTech Open was motivated by a search for an accelerator that could help them refine their narrative and connect their with a suitable startup ecosystem. They noticed that many resources and mentors were primarily focused on SaaS startups, characterized by low overheads and rapid scalability. 
  4. CleanTech Open’s values aligned with one founder’s goals to make a difference in the sustainability sector, making them an attractive prospect. 
  5. Another participant decided to test our idea and explore the opportunities that CleanTech Open could offer to a startup like ours, focused on innovative solutions for environmental challenges.
  6. A final founder recognized the need for a global perspective and a deeper understanding of the non-product technical aspects of running a startup in this innovative field.

CleanTech Open played a pivotal role in preparing us for the broader business world. It offered invaluable mentorship that covered various business aspects, from financial management to crafting a compelling pitch deck and understanding sustainability goals.

John Ireland, Founder & CEO @ NTP Technologies

What does application process look like?

Editor's Note:

CleanTech Open’s application process involves an interview covering idea conception, market understanding, and adaptability. Despite some back and forth, it’s straightforward and less intense due to the program’s paid model, offering valuable insights for refining pitches.

Here’s what the founders had to say about the structure of CleanTech Open’s application process…

  1. The interview involves conversations with three or four representatives from CleanTech Open, where they delve into how you got your idea, your understanding of your market, and your flexibility regarding your business approach.
  2. The application process involved some back and forth, especially considering the financial aspect of paying for both the application and admission fees.
  3.  The application process was straightforward, not too lengthy, and involved sharing a vision and receiving insights that helped one startup refine their pitch.
  4. After an online application, just one interview is required. It was less intense than what one might expect from other accelerators, mainly because CleanTech Open operates on a paid model rather than providing seed funding directly to participants.

What are some tips for acing the application?

Editor's Note:

To succeed in CleanTech Open’s application, showcase your solution’s scalability and impact, and engage with the CleanTech Open team for guidance. Emphasize a convincing strategy for scaling your technology and support your application with robust documentation or prototypes to stand out.

Here are founders’ tips on CleanTech Open’s application process…

  1. When filling out the application, it’s crucial to demonstrate that you’ve moved beyond just having an idea. You must have thought through your problem and solution to some extent. 
  2. Engage with the CleanTech Open team to help you navigate the application process.
  3. Your application should not only showcase the innovation and potential impact of your technology but also provide a convincing strategy for how your company plans to scale. 
  4. When applying to CleanTech Open, it’s crucial to focus on the scalability of your solution.
  5.  If a prototype isn’t feasible, supporting your application with a well-researched paper or any robust technical documentation that validates your concept can also be beneficial.
  6.  Essentially, anything that authentically represents the potential of your product or solution can make your application stand out. Focusing on showcasing the strength and viability of your product or concept is key to making a compelling case for your inclusion in the program.

Does CleanTech Open provide funding for equity?

Editor's Note:

CleanTech Open’s funding support doesn’t involve immediate financial backing upon entry, but participants can earn prizes through pitch competitions, ranging from $5,000 to $50,000. Although it operates as a paid program, CleanTech Open doesn’t take equity from startups, offering instead valuable mentorship akin to a mini MBA experience.

 

Here’s what founders had to say about CleanTech Open’s funding support…

  1. While there are prize awards up for grabs for those who excel within the program, immediate funding upon entry is not available.
  2. Another founder didn’t receive direct funding from the accelerator. The model was such that they had to pay fees for the program. Cleantech Open presented itself as a mini MBA, and the fees were justified as an investment in exclusive mentorship. 
  3. Unlike many other accelerators, CleanTech Open does not take equity from participating startups. However,  participants have the opportunity to gain financial rewards through pitch competitions. Winning at the regional level can net you up to $5000, and triumphing in the national pitch competition could result in a $50,000 investment through a SAFE note.
  4. CleanTech Open’s accelerator program does not offer direct funding to participants upon acceptance. It is, in fact, a paid program.

 CleanTech Open’s non-equity approach (unless you win), combined with its supportive ecosystem, presents a compelling package for startups looking to grow within the climate tech space.

Curran Hughes, President and Co-founder @ Renegade Plastics

How is CleanTech Open's program structured?

Editor's Note:

CleanTech Open’s program, structured around weekly meetings covering key areas like finance and market fit, demanded consistent effort and resembled a structured school curriculum. Founders praised its intensity and effectiveness in guiding startup development in the clean technology sector.

 Here’s what founders had to say about CleanTech Open’s program structure…

  1. The program is structured around weekly meetings, each focusing on different key areas such as finance, market fit, and sustainability, among others. There are about eight or nine main topics covered throughout the program, with each week dedicated to a specific theme.
  2. It was an intense program, perhaps the most time-consuming one a founder had experienced, following a stringent schedule. You couldn’t accumulate work until the end; it required consistent effort throughout. 
  3. The program’s structure facilitated a focused and productive daily routine, enabling team members to concentrate on areas where they could learn the most while contributing effectively to our company’s progress within the accelerator.
  4. Participating in the CleanTech Open program felt akin to returning to school, with a structured curriculum designed to guide us through various aspects of running a startup. The program comprised modules that included educational videos and articles covering various topics essential for startup development.
  5. Each week, founders were tasked with specific assignments that contributed to their startup’s development.
  6. Upon joining CleanTech Open’s accelerator, an orientation phase introduced founders to the program’s schedule and key milestones, followed by discussions with mentors to align support with their startup’s needs. Weekly mentor reviews facilitated progress tracking and targeted advice, while structured submissions and webinars provided continuous learning opportunities in clean technology startup management.

What are some standout aspects of the program?

Editor's Note:

Founders appreciated CleanTech Open’s U.S. market focus but noted challenges for non-U.S. startups. They praised its supportive approach, enduring connections, and impactful network, which broadened horizons and fostered growth in clean technology.

Here’s what the founders had to say about CleanTech Open’s standout features…

  1. A notable feature is the program’s exclusive emphasis on the U.S. market, offering valuable tools and insights for early-stage startups. While advantageous for U.S.-based ventures, non-U.S. startups may face challenges adapting the learnings to their respective business environments.
  2. CleanTech Open stands out for its genuinely supportive approach, providing invaluable resources and advice without seeking equity in return, unlike other accelerators. The enduring connections and accessibility of CleanTech Open’s staff post-program underscore its commitment to fostering growth and innovation in the CleanTech Open sector, setting it apart from transactional accelerator experiences.
  3. The CleanTech Open program’s impactful network provides invaluable support, advice, and connections crucial for advancing ventures like Ai Can Recycling, fostering collaborations and broadening perspectives on sustainability. Moreover, the program’s structured feedback mechanism, with regular reviews by seasoned professionals and peers, ensured early identification and correction of potential missteps, enhancing overall development and strategy refinement.
  4. The CleanTech Open accelerator offers invaluable insights and learning opportunities, especially during events like the open house in California, where one founder showcased their company to thousands of attendees. Additionally, the program provided direct access to potential investors through a series of interviews, furthering their growth and collaboration prospects beyond the initial learning phase.
  5.  Overall, the program significantly broadens your horizons, offering a depth of knowledge and a network that has been instrumental in expanding the scope of another founder’s work in the clean technology space.

The access to such a wealth of resources, expertise, and the global perspective it provided truly set CleanTech Open apart for me.

Saravana Shanmukham, Founder @ S P Elements

Did founders find the program lacked anything?

Editor's Note:

CleanTech Open has improved program organization and national presence, enhancing mentor engagement and submission processes. Addressing regional differences and providing clearer communication structures for non-U.S. startups could enhance relevance. Bolstering support for market quantification would empower startups with clearer strategic planning.

 Here’s what the founders had to say about their challenges during the program…

  1. The accelerator has made significant strides in addressing areas needing refinement, particularly in organizing the program and improving its national presence. While initial challenges included program pacing and technology issues, proactive engagement with mentors and enhancements to submission processes have improved the overall experience, with detailed rubrics aiding participants in better preparing for pitches.
  2. Cleantech Open’s emphasis on the U.S. venture capital market may not fully align with the needs of non-U.S. startups, potentially impacting the relevance of program recommendations. Acknowledging and addressing these regional differences could enhance the effectiveness of the program for businesses outside the U.S.
  3. CleanTech Open’s personalized approach fosters valuable human connections but could benefit from clearer communication structures. While the informal environment allows for genuine interactions, it may introduce ambiguity that participants must navigate.
  4. One area for improvement in the CleanTech Open accelerator is providing more robust support for market quantification. While mentors reviewed a founder’s approach, structured resources and methodologies could enhance this critical aspect. Addressing market size uncertainty could empower startups with clearer strategic planning, benefiting decision-making processes and overall program effectiveness.

Final advice to consider before joining CleanTech Open?

Editor's Note:

CleanTech Open applicants should prioritize punctuality and dedication, as commitment directly influences progress and development over time. Focus on programs aligned with your business goals and funding models, showcasing scalability in your application to navigate CleanTech Open’s challenges effectively. Taking the application process seriously and engaging with customers early on set a path for sustainable growth in the CleanTech Open sector.

Here are the founders’ final tips about CleanTech Open’s program…

  1. Applicants should prioritize punctuality and dedication throughout the CleanTech Open program. Commitment directly influences progress and development, akin to lessons in math class that may seem irrelevant initially but prove invaluable later. Trusting in the process, even when its immediate relevance is unclear, leads to understanding the value of each step taken over time.
  2. Consider joining CleanTech Open, especially if your company operates in the U.S. or Canada. While CleanTech Open offers valuable opportunities, applicants should select accelerators aligned with their business goals and funding models. Focus on programs that resonate with your business needs and offer meaningful exposure to investors, avoiding a scattered approach to applications.
  3. When applying to CleanTech Open, prioritize showcasing the scalability of your solution. The sector’s unique challenges demand a clear strategy for overcoming obstacles and achieving growth. Highlighting scalability in your application demonstrates readiness to navigate CleanTech Open’s realities and significantly enhances your chances of success with CleanTech Open.
  4. One founder highly recommended taking the application process seriously. It’s not just about getting into the accelerator but about preparing for the real challenges of building and scaling a sustainable business. Embrace the opportunity to engage with customers early on, as it’s crucial for refining your product-market fit and ensuring your solution meets market needs. Taking the application process seriously and embracing customer engagement will set you on a path toward sustainable growth and success in the CleanTech Open sector.
  5. For those considering applying to CleanTech Open or similar accelerators, another founder wholeheartedly recommended taking the opportunity. Joining CleanTech Open signifies an endorsement of your startup’s potential and offers unparalleled learning and development opportunities. The insights, resources, and network provided can significantly propel your venture forward, making it a fantastic choice for accelerating growth in the CleanTech Open sector.
  6. Prospective applicants to CleanTech Open should prioritize understanding their specific support needs before applying. Identifying areas such as market study or customer discovery can maximize the value gained from the program by directing efforts towards the most impactful areas of startup development.