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Cleantech Open Names Two South-Central Entrepreneur Teams To Compete for Top National Cleantech Startup

One South Central Region cleantech entrepreneur wins a valuable “Startup in a Box” prize and gets the chance to compete for the National Grand Prize next month at the Cleantech Open Global Forum. Another team gets an opportunity to compete as a finalist in the Sustainability Category.

 

AUSTIN, TEXAS, October 12, 2012: The Cleantech Open (www.cleantechopen.org), the world’s largest cleantech accelerator, named one South Central Region startup finalist to compete at the Cleantech Open Global Forum for $250,000 and the title of 2012 Top Cleantech Entrepreneur. 

Judges selected reBounces of Harrison, Arkansas, as the overall finalist for the region. Rebounces’ patented Green Machine is a bulk tennis ball re-pressurization system that allows tennis facilities to extend the life of their practice balls. reBounces is also the first and only company in the United States to offer a free tennis ball recycling program for facilities and individuals. www.rebounces.com.

In addition to the regional finalist, RideScout (Austin, Texas) won the Regional Sustainability Award, an honor given to the team that most effectively incorporated a triple-bottom-line approach to scaling its business. The RideScout team is a transportation information integrator and plans to reduce traffic and CO2 emissions. www.aboutridescout.com 

The Cleantech Open is a nonprofit organization that fosters the most promising startups in clean technology fields through a nine-month program that includes education, relationship building and funding opportunities. The proven program encourages cleantech entrepreneurs from around the nation to compete for local recognition, and have a shot at part of the overall $1-million purse for the national winners.

In addition to the monetary award, a broad cross-section of corporations, educational institutions, industry experts and successful entrepreneurs participate in the Cleantech Open’s signature accelerator and mentoring program, as well as the intensive curriculum at the Cleantech Open National Academy. 

This year, 22 teams of innovative cleantech entrepreneurs entered the South Central region of the Cleantech Open. In June, a panel of local judges selected seven teams to compete as semifinalists in the region. Already, each team has benefited from an impressive list of benefits offered by the Cleantech Open Accelerator program: a four-member mentor team (including marketing and sustainability mentors) to guide them through the process and provide feedback on their business plan, extensive business training, networking opportunities with investors, and focused business training at the Cleantech Open National Academy.

“In its second year, the South Central region recruited 22 clean tech entrepreneurs. Our semifinalists were focused on renewable energy, transportation, smart power and waste. For the second year in a row, Arkansas entrepreneurs won the regional finalist title. Our smart power semifinalist won an award during the 2012 Rice Alliance Energy and Clean Technology Venture Forum. One of our semifinalists joined us from Louisiana, a state not currently supported by our region,” said Sara Mitran, director of the Cleantech Open South Central Region. “We wish our regional finalists every success as they head to the Cleantech Open Global Forum in San Jose next month.”

The 2012 regional judging took place in the Austin City Hall. The building incorporates natural resources, possesses an LEED rating, and is a perfect example of green building and sustainability. Edgar Farrera, sustainability director for the Circuit of the Americas, made the finalist announcement.

“Making it through to the finals is a huge step for these teams, and I congratulate them on being selected from among the many teams that participated from around the nation,” said Rex Northen, executive director of the Cleantech Open. “These innovative entrepreneurs have already received extensive business mentoring, training, and opportunities to showcase their solutions to the public and investment community. Next month, at the 2012 Cleantech Open Global Forum, they will present their innovation to an international audience.”

“Global energy demand is estimated to grow 40 percent by 2035,” said Puneet Verma, manager at Chevron Technology Ventures. “The innovation showcased at the Cleantech Open has the potential to help Chevron meet this demand by advancing improvements in production, efficiency and sustainability.”

Finalists from all seven regions (Mid-Atlantic, North-Central, Northeast, Northwest, Rocky Mountain, South-Central, and Western) will convene on November 8, 2012 for judging at the Cleantech Open 2012 Global Forum in San Jose, California.

ABOUT THE CLEANTECH OPEN
The Cleantech Open runs the world’s largest cleantech accelerator. We provide entrepreneurs and technologists the resources needed to launch successful cleantech companies. Our mission is to find, fund and foster entrepreneurs with big ideas that address today’s most urgent energy, environmental and economic challenges. The 581 alumni companies of the Cleantech Open’s accelerator programs have raised more than $660 million in external capital. Learn more at www.cleantechopen.org and follow us on facebook.com/cleantechopen and @cleantechopen.

The Cleantech Open is made possible by the generous support provided by our Global Partner, Chevron; National Education Partner, University of Phoenix; and National Sponsor, Wells Fargo. 

For more information:
Sara Mitran, Regional Director
Cleantech Open South Central Region
512-633-3276, smitran@cleantechopen.com