Energy Mentor Network company SkyNano Technologies wins as runner up in MegaWatt Ventures pitch competition

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SkyNano Technologies, an Innovation Crossroads Cohort One company and Energy Mentor Network startup, took home third place after competing in the Megawatt Ventures competition.

Anna Douglas, Founder of SkyNano Technologies, received a $10,000 check for her efforts.

SkyNano Technologies has developed an open system manufacturing technique to produce low cost, high value carbon nanotubes, a material with potential applications in a variety of areas from energy storage to consumer electronics.

Compared to traditional manufacturing processes that require high vacuum and high pressure gas flow systems, SkyNano’s patent-pending technology relies on the electrochemical conversion of carbon dioxide, resulting in a process that is lower in cost and scalable for commercial applications. Aside from lowering the cost of carbon nanotubes, SkyNano’s technique offers a promising method for converting atmospheric carbon dioxide into useful functional nanomaterials.

Several promising cleantech companies from throughout the United States participated in MegaWatt Ventures—an annual clean technology business plan competition sponsored by the U.S. Department of Energy (DOE) Cleantech University Prize (Cleantech UP).

Each team had the opportunity to give a 10 minute pitch followed by judges questions.  Judges consisted of seasoned investors, industry veterans, and technical experts representing an array of clean technology backgrounds and experience.

 The competition supports companies working on intellectual property-protected products, processes or technologies represented from the ten program offices of the DOE’s Office of Energy Efficiency and Renewable Energy (EERE).

Many of the winning teams are spin-outs from university research labs and every competing team must be composed primarily of current university students.

EMN company Stone Mountain Technologies closes multi-million dollar Round-A investment

Energy Mentor Network company Stone Mountain Technologies Inc. (SMTI) has closed on a Round-A investment vehicle with a strategic investor.

The multi-million dollar capital infusion will allow SMTI to increase development velocity of its ultra-high efficiency space and water heating technology, supplementing the recently announced $2.7 million grant from the US Department of Energy.

“In addition to the capital investment, our new strategic partner brings high volume and quality HVAC component manufacturing expertise to the table, which will smooth our transition from R&D to manufacturing over the next 24 to 30 months,” said Michael Garrabrant, President & CEO of SMTI. “We have a shared vision the technology under development at SMTI will be a major player in the global space and water heating market in the near future.”

Stone Mountain Technologies, based in Johnson City, Tennessee, is an early-stage venture developing the next generation of high efficiency heating appliances for homes and businesses. SMTI’s technology, based on its gas absorption thermodynamic cycle, can be harnessed across a wide variety of applications, including space, water, and pool heating.

SMTI is developing partnerships with original equipment manufacturers that sell heating appliances such as furnaces, boilers, and water heaters. SMTI will manufacture its core enabling technology in Tennessee. This enables OEMs around the world to offer customized appliances to their customers with total fuel efficiencies of approximately 140% and outstanding economics.

Energy Mentor Network Company: SkyNano Technologies

The Tennessee Advanced Energy Business Council is featuring the companies benefiting from the Energy Mentor Network program, which offers industry specific expertise from experienced mentors.

The Energy Mentor Network‘s goal is to foster the growth of Tennessee advanced energy technologies and startups by connecting entrepreneurs with mentors. This gives Tennessee yet another advantage in grabbing its more than fair share of the $1.3 trillion global advanced energy market.

The Energy Mentor Network is run by the Tennessee Advanced Energy Business Council in partnership with Launch Tennessee.

In broad strokes, the Energy Mentor Network pairs mentors with promising new companies and entrepreneurs through a structured program involving panel presentations and mentoring sessions.

The purpose of the program is to develop quality startups. After completing the program, startups will have an investable pitch deck, a rock solid business model and a plan to establish more traction. These tools will position Tennessee’s entrepreneurs to raise capital, request other funds like SBIR grants, and scale their company.

This week TAEBC is highlighting SkyNano Technologies. SkyNano Technologies has developed an open system manufacturing technique to produce low cost, high value carbon nanotubes, a material with potential applications in a variety of areas from energy storage to consumer electronics. Compared to traditional manufacturing processes that require high vacuum and high pressure gas flow systems, SkyNano’s patent-pending technology relies on the electrochemical conversion of carbon dioxide, resulting in a process that is lower in cost and scalable for commercial applications. Aside from lowering the cost of carbon nanotubes, SkyNano’s technique offers a promising method for converting atmospheric carbon dioxide into useful functional nanomaterials.

TAEBC is currently accepting applications from Tennessee advanced energy companies to apply for the Energy Mentor Network program. If you are interested in this opportunity, please visit the “For Startups” section of the Energy Mentor Network portion of TAEBC’s website.

SkyNano Technologies is enrolled in ORNL’s Innovation Crossroads program. TAEBC and Launch Tennessee provide non-exclusive business mentoring services to the Innovation Crossroads Innovators.

Energy Mentor Network Company: One Scientific

The Tennessee Advanced Energy Business Council is featuring the companies benefiting from the Energy Mentor Network program, which offers industry specific expertise from experienced mentors.

The Energy Mentor Network‘s goal is to foster the growth of Tennessee advanced energy technologies and startups by connecting entrepreneurs with mentors. This gives Tennessee yet another advantage in grabbing its more than fair share of the $1.3 trillion global advanced energy market.

The Energy Mentor Network is run by the Tennessee Advanced Energy Business Council in partnership with Launch Tennessee.

In broad strokes, the Energy Mentor Network pairs mentors with promising new companies and entrepreneurs through a structured program involving panel presentations and mentoring sessions.

The purpose of the program is to develop quality startups. After completing the program, startups will have an investable pitch deck, a rock solid business model and a plan to establish more traction. These tools will position Tennessee’s entrepreneurs to raise capital, request other funds like SBIR grants, and scale their company.

TAEBC is featuring EMN company One Scientific. Headquartered in Johnson City, Tennessee, One Scientific Inc. is committed to empowering the world with a sustainable source of fuel. With specialization in advanced manufacturing research & development, its award-winning team has created two significant early stage products that when commercialized will have the ability to produce a source of sustainable hydrogen for Fuel Cell Vehicle fueling stations and stand-alone fuel cell power generation.

TAEBC is currently accepting applications from Tennessee advanced energy companies to apply for the Energy Mentor Network program. If you are interested in this opportunity, please visit the “For Startups” section of the Energy Mentor Network portion of TAEBC’s website.