ST. LOUIS, MO/April 3, 2017 (STL.News) Ameren Corporation is making an investment in new energy startup companies in St. Louis. The company has teamed up with University of Missouri-St. Louis, UMSL Accelerate and Capital Innovators to invest in early stage energy technology companies.
Five to seven companies will be chosen for an investment of $100,000 per year. Projects will be designed to make the energy grid smarter and more reliable. The first class is expected to be announced in July.
The partnership is designed to meet the future energy needs of Ameren’s customers in the metropolitan region. The program will provide an opportunity for university students and plans should bring new jobs to the area.
Companies selected for the program will receive mentoring, technical support, access to facilities and networking connections from the Ameren Accelerator. The program will be based out of the Cortex Innovation District.
“The Ameren Accelerator is our first corporate initiative through UMSL Accelerate – which is designed to foster entrepreneurism and innovation in and outside the classroom,” said Dr. Tom George, chancellor of the University of Missouri–St. Louis. “We look forward to tapping into our strong contingent of faculty, student and alumni connections to make this program a success for all involved.”
At the conclusion of the program, participants will showcase their efforts potential third-party investors during Accelerator Demo Day this October. Ameren may select the most promising projects for ongoing mentoring and engagement beyond the Accelerator program.
Beginning today through May 12, applications will be accepted from interested entrepreneurs and energy technology companies. Information and requirements may be found at amerenaccelerator.com.