The accelerator program is open to entrepreneurs around the world. Selected candidates enter Brinc’s 3-Month IoT & Connected Hardware accelerator in Hong Kong, a global hardware business hub. $125,000 funding + USD $25,000 Brinc Services credit, plus access to Schneider Electric’s customers, mentorship, and market knowledge.
Schneider Electric Partners with Brinc to accelerate start-up solutions powered by IoT and AI. (Source: Schneider Electric)
Schneider Electric announced a partnership with Brinc, as the number of cellular IoT connections is expected to reach 3.5B in 2023, and industrial sectors consume more than any other end-use sector, employing about 54% of the world’s total delivered energy. IIoT is driving a transformation in the energy industry and enables unprecedented operational efficiency in industrial applications such as increased energy flexibility which brings value to the energy consumer and energy provider.
The Brinc & Schneider Electric Energy & Industrial IoT Accelerator Program has the goal to invest in entrepreneurs developing the next generation of technology to address challenges of data acquisition, connection and analysis for Industry 4.0. IoT devices and platforms will enable new applications and services in buildings, infrastructure and manufacturing, including the ability to link automation systems with 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 receive $125,000 USD, 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 Kongfor 1 month of the program for on-site training, and 2 months of the program can be done remotely. Entrepreneurs can apply 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. For more information please visit: https://www.schneider-electric.com/en/about-us/ventures/.
About Schneider Electric
At Schneider Electric, we believe access to energy and digital is a basic human right. We empower all to do more with less , ensuring Life Is On everywhere, for everyone, at every moment.
We provide energy and automation digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries.
We are committed to unleash the infinite possibilities of an open, global, innovative community that is passionate with our Meaningful Purpose, Inclusive and Empowered values.