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    LaunchPad SBDC New Area of Focus: Electrification in the Climate Tech Sector

    If you haven’t heard of LaunchPad SBDC and you are part of a growing startup company looking for investment capital in the Climatetech space or are a climate tech company looking to grow, let me introduce you to them. LaunchPad is a premier Small Business Development Center (SBDC) in the nation and 82% of companies that complete the program raise capital. Since 2010, companies that have gone through LaunchPad have raised over $3.35B, through institutional, strategic, and private investors.

    LaunchPad works with a variety of industries in tech innovation. For the purpose of this article, I am going to talk about the areas in climate tech we focus on, specifically electrification. Electrification is one of the focal points (that also includes AgTech and Mobility) of Elevation Ventures, a fund that brings together Octane’s structure and process with industry experts from Sustain SoCal (sustainsocal.org) to invest in companies that will generate profits and deliver sustainable solutions or mitigate gigatons of C02. Companies that graduate LaunchPad and are focused on electrification have the opportunity to meet with investors from Elevation Ventures.

    LaunchPad is looking for companies to apply for its program that are creating solutions in the electrification space.  This includes emerging companies focused on energy management (prosumer IoT, AI), Energy as a Service (EaaS), smart grid, Tidal/ wave/ current generation, and transition enablers. If your company is growing and part of this sector, I would encourage you to apply to LaunchPad. Elevation Ventures gives preference to companies in this field that have gone through the entire process because of the proven LaunchPad model.

    If you are a climate tech startup, specifically part of the electrification sector and looking to amplify your capital funding strategy, get analytical results, and get introduced to Elevation Ventures, apply to LaunchPad today.

    For more information on LaunchPad, visit octaneoc.org/launchpad

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