Capital Factory Triples Award Rather Than Cut Two Clean Tech
Investment Challenge Finalists, Giving Syzygy Plasmonics, Semtive, and
Evolve Energy $100,000 Each
DALLAS–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/austin?src=hash” target=”_blank”gt;#austinlt;/agt;–Austin’s Capital Factory awarded three early stage start-ups focused on
cleantech a collective $300,000 at EarthX’s
E-Capital
Summit, tripling its initial award offering of $100,000. The
investment committee was so impressed with the promise of the three
finalists in the Capital Factory’s E-Capital Summit Cleantech Challenge
that Capital Factory chose three instead of just one recipient,
providing Syzygy Plasmonics, Semtive, and Evolve Energy with a valuable
$100,000 of investment each.
“What a thrill to see three companies walk away from the EarthX
E-Capital Summit with this kind of investment and support,” said Tony
Keane, CEO of EarthX.
“We know that we can have all the good ideas in the world, but we need
to shepherd them and convene the right parties – private capital,
financiers, early- to late-stage companies, industry thought leaders,
policymakers, incubators, accelerators and researchers – to ensure they
have the most substantial positive impacts on profit, people and the
planet. This is the promise of EarthX, which brought together more than
175,000 people this year alone.”
Syzygy
Plasmonics is a technology company developing a new photocatalytic
chemical reactor powered by light instead of heat from burning fuel. It
holds promise to revolutionize the industrial gas, chemical and energy
industries by reducing cost and emissions for major commodity chemicals
like fuel, fertilizer and plastic.
Semtive
generates clean and renewable energy with Nemoi, a patented vertical
axis wind turbine that can be installed in under an hour, operates at
extremely low wind speeds, and is virtually noiseless. The system also
has a built-in electricity converter that users plug into their home
outlet to create their own power.
Evolve
Energy uses wind and solar energy to cut up to 30 percent off
monthly electricity bills, using an AI platform to automatically shift
your energy usage to non-peak hours when more green energy is flowing
into the grid. The Evolve app connects to a smart thermostat and other
internet-enabled devices to lower costs, and can actually favor cheaper
renewable energy when available.
“The EarthX E-Capital Summit has quickly become one of the most
important clean tech events and conferences featuring pioneers, policy
makers, investors, and philanthropists,” said Bryan Chambers, vice
president of the accelerator and investment fund at Capital Factory.
“While Texas is well known for our contributions to the traditional oil
and gas industry, we’re excited to partner with E-Capital on this
investment challenge to help inform the public about all the great
entrepreneurs and innovation occurring in Texas in the clean tech
sector.”
In addition to the $100,000 cash investment and exposure to industry
influencers at EarthX, the three winners of Capital Factory’s E-Capital
Summit Cleantech Challenge will receive special access to Texas’ top
entrepreneurs, be admitted to Capital Factory’s Accelerator program,
gain access to the Capital Factory Mentor network, and receive six
months of unlimited co-working at Capital Factory.
“We’re ecstatic that our inaugural Cleantech Challenge in collaboration
with Capital Factory resulted in not one, not two, but three $100,000
investments. Texas showed up in a big way,” said Matt Myers, vice
president of EarthxCapital. “EarthX’s E-Capital Summit exceeded our
expectations this year. With over 65 companies participating in the
Summit, we’re looking forward to reporting even more similar success
stories in the coming months.”
The ninth annual EarthX included three days of exhibitions, a
film festival, music, entertainment, learning experiences, discussions,
forums, and conferences making it, once again, the world’s largest
gathering to positively discuss achievable solutions for environmental
change. As the second largest hosted event in Dallas, EarthX
attracted more than 175,000 people interested in creating a sustainable
world for all living things, and a healthier planet for future
generations.
ABOUT EarthX
EarthX
convenes the world’s largest environmental expo, conference and film
festival. Founded in 2011 as Earth Day Dallas by environmentalist and
businessman Trammell S. Crow, the Texas-based 501(c)(3) nonprofit
organization promotes environmental awareness and impact through
conscious business, nonpartisan collaboration, and community-driven
sustainable solutions. In 2019, the event drew over 175,000 attendees,
2,000 environmental leaders, more than 600 exhibitors and 400 speakers.
Earthx2020 will be held April 24 – 26, 2020 in Dallas. Visit www.EarthX.org.
EarthX is on Facebook, Twitter and Instagram at @earthxorg.
Contacts
Karen Fleig, EarthX
[email protected]
214-207-9221
Ariel Herr for EarthX
[email protected]
469-235-2708
