Schneider Electric and Brinc launch IoT accelerator
Progam will develop solutions for IoT devices in buildings, infrastructure and manufacturing
Schneider Electric has partnered with global venture accelerator Brinc for an IoT program.
The Energy & Industrial IoT Accelerator Program will support development of solutions to address challenges of data acquisition, connection and analysis for IoT devices and platforms, in buildings infrastructure and manufacturing. The accelerator will also develop IoT solutions in those spheres that have capabilities to link to enterprise planning, scheduling and product lifecycle systems.
“We’re excited to partner with Brinc to find the next disruptive idea in energy and industrial automation,” said Rodolphe Heliot, VP Business Incubation at Schneider Electric. “We are particularly interested in technology accelerating the convergence between information technology (IT) and operational technology (OT)”.
Successful candidates for the accelerator will receive $125,000 funding, plus Brinc and Schneider Electric mentoring and services in exchange for 10% equity of the startup. Applications are open to entrepreneurs around the world but must be present in Hong Kong for one month of the program for on-site training, and two months of the program can be done remotely. Entrepreneurs can apply today and applications are open until August 10th.
This partnership is part of Schneider Electric’s Innovation at the Edge Program, which invests, incubates and partners with start-ups and large companies to co-innovate the future of energy, and has more than 40 startup partnerships and incubation projects.