ready to accelerate
Texas climate accelerator names Houston company to latest cohort
An Austin-based climate accelerator announced its 2023 cohort, which includes a Houston cleantech startup.
StudioX named seven startups to its 2023 cohort, and SeisWave Corp., a seismic service company, will join the program that aims to help the world reach net-zero targets by 2050. The group comprises Studio X's third cohort since the company launched in 2020.
SeisWave specializes in cost-effective, cloud-based seismic data processing.
Other companies in the cohort include:
- AI Technology & Systems: A NASA iTech company that provides compressed AI models and software
- Austere Environmental: An environmental remediation solution that extracts chemical contaminants in soil, drill cuttings, and tailings
- Economical Energy: A long-duration energy storage solution company
- Flexergy: A developing highly efficient hydrogen gas compression, storage and distribution system
- Onvol: An IoT power solutions tech company with applications in wind energy, transport, and mining
- Project Geminae: A Midland, Texas-based AI-powered portfolio optimization platform advancing predictive modeling across industries
The companies will participate in a 16-week program and mentorship through the cohort, along with investment opportunities.
“Our accelerator program helps to close that gap through bringing together an engaged community that grows these companies at a faster rate, ultimately driving innovation, and helping to evolve global energy solutions,” Jeff Allyn, CEO of Studio X, says in a statement.
Studio X is fully-owned and incubated by Shell and aims to "break down the silos of traditional R&D," according to its website. Click here to view some of the accelerator's past participants.
The company will host an Accelerator Showcase Event Friday, Nov. 10, where companies will pitch their concepts and offer a Q&A session. Register here.
Another Shell-backed accelerator announced its cohort earlier this week. In partnership with Greentown Labs, the organizations announced the cohort for Greentown Go Make 2023, which aims to accelerate partnerships between startups and corporations to advance carbon utilization, storage, and traceability solutions. The cohort includes six companies from around the world, from the Netherlands and Canada to Massachusetts and Washington state.
Additionally, The Goodwill Clean Tech Accelerator will launch in Houston next year to help advance clean tech jobs. According to Accenture and Goodwill, which are partners in the accelerator, said it plans to grow the program to 20 cities in the next seven years and train an estimated 7,000 job seekers.