Cleantech Accelerator Greenstart Evolves into Venture Company
A little over a year ago, we (TriplePundit) reported that cleantech accelerator Greenstart was distinguishing itself from other firms by specifically working with startups operating at the intersection of cleantech and IT, while the launch of their in-house design practice came from the recognition that great design wins. Twelve months later, rapidly iterating Greenstart is further distinguishing itself by leaving the accelerator model behind altogether.
Earlier this month, the firm confidently announced via email, “we killed our accelerator,” which, far from being a negative, instead represents a process of fine-tuning their model in order to capitalize on what was working best for them, and best for the startups they were working with.
The typical accelerator model of 90-day intensive mentorships has run its course for Greenstart, allowing them to instead …