AusNet Services Joins Startupbootcamp Australia as New Partner on Energy Accelerator

AusNet Services Joins Startupbootcamp Australia as New Partner on Energy Accelerator

03-Dec-2019 by Claudia DeFabio

Industry-leading startup accelerator, Startupbootcamp (SBC) Australia, announced its newest corporate partnership today with AusNet Services and its commercial business, Mondo, who will join their upcoming Smart Energy program.

2020 will see the program’s third cohort focused on innovating and disrupting the energy sector. Some of the specific themes that the startups will address include Grid Integration of Renewables, Net Zero, IoT and Connectivity and Energy Marketplace.

SBC Australia is excited to partner with AusNet Services and Mondo for the upcoming program in order to further facilitate corporate-startup collaboration in the energy sector. AusNet Services focuses on electricity distribution and transmission, as well as gas distribution within Victoria and will join other program partners Amazon Web Services, EnergyAustralia, Spotless, DiUS, the City of Melbourne, and Stripe.

Over the last two years, SBC has accelerated 31 startups, 21 specifically focused on innovating the energy industry. The energy startups raised a total of $81.75M, created 49 jobs, and ran 25 pilots. Alumni of the energy programs have continued to see success post-accelerator, with three of the 2018 startups being named in the top 100 startups of 2019 at the Startup Energy Transition Awards. Likewise, 2019 alumnus, RedGrid closed out their equity capital raise at $825K, which made them the 6th Australian company and 2nd largest ever to max out in this form of capital raising.

Trevor Townsend, CEO of Startupbootcamp Australia said,

“At SBC we are incredibly excited to work with AusNet Services and Mondo. AusNet Services have been at the forefront of Australia’s most innovative energy projects including Yackandandah — an award-winning community mini-grid project. Given its central role in Victoria’s energy ecosystem, AusNet Services will give startups the opportunity to affect change quickly and at scale.”

Matt Guthridge, Executive General Manager of Strategy and Transformation AusNet Services, commented,

“Our relationship with Startupbootcamp will help us to identify some of the world’s most promising energy startups and scale-ups — they are an important source of innovation and performance improvement for AusNet Services and its customers.”

For more information, contact:

Claudia DeFabio, Marketing & Communications Manager | +61484961783

Claudia DeFabio