Greenstart, a San Francisco-based accelerator for cleantech-IT start-ups, offers mentoring, networking and other typical incubator functions, and also invests $15,000 in a company when they join.
In addition, they’re now offering startups a $100,000 convertible note.
Convertible notes will be drawn from a $6 million fund, which will cover the next 60 companies in the program.
Greenstart focuses on companies innovating at the intersection of cleantech and information technology, primarily in four areas: smart grid, the built environment, transportation, and consumer services. Companies accepted into Greenstart’s accelerator all leverages software in some way to create innovative new energy solutions in these areas.
The website says:
"We are entrepreneurs ourselves. We love startups and care deeply about the global energy crisis. We want to help accelerate the wave of entrepreneurship and innovation. Our goal is to help over 250 startups launch more successfully over the next decade."
The application period for Fall 2012 runs through April 11th.
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