Many industries that aren’t top of mind for most of us but serve our most basic everyday needs – from industrial production, transportation infrastructure and environmental services and safety – all are facing technological disruption and innovation.
The Heritage Group (THG) and Techstars are working together to help entrepreneurs and startups disrupt these legacy industries through The Heritage Group Accelerator Powered by Techstars located in Indianapolis. As an experienced Techstars Managing Director and long-time mentor, Lesa Mitchell is taking the helm as Managing Director to work with founders looking to disrupt existing markets by pioneering the next generation of solutions across the spectrum.
“With my background as an executive in a large scientifically focused organization, an entrepreneur and one of the lead funders and board members in the creation of the NSF iCorp, I’m excited to work with founders across scientific and technology fields to help them identify challenges and opportunities and grow their businesses,” says Mitchell. “Working with a company like The Heritage Group provides startups the chance to work across multiple companies that could become customers, and obtain access to expertise that will help them scale.”
The Heritage Group, an innovation organization with deep expertise and significant holdings in industries such as transportation, infrastructure, materials, environmental services, specialty chemicals and fuel products is a leader in many of the industries it seeks to transform. In addition, THG’s venture arm, Heritage Ventures, is one of the largest investment vehicles in the Midwest focused on early and growth-stage opportunities, with flexibility to invest at any stage across the venture capital spectrum. THG is eager to merge its long history of innovation in the industries it serves with today’s innovators and is eager to mentor early-stage companies through the accelerator.
“Our aspiration is to bring THG’s spirit and experience, at scale, to a much broader range of early-stage companies and opportunities,” says Amy Schumacher, president of THG.
The program is currently accepting applications for its inaugural class. Specific areas of interest for the program include:
- Environmental and Recycling: new materials that decrease the need for clean-up; waste management and/or waste water recovery solutions; and more.
- Construction and Materials: Building infrastructure including materials and techniques; new equipment and safety solutions.
- Specialty Chemicals & Energy: Special chemical products across a range of lubricants, solvents, fuels and other specialty chemicals; energy generation including battery technology
- IT and Industry: Industrial internet of things; vehicle to infrastructure sensor technologies; software/SaaS models
Participants in the program will have access to the Techstars worldwide network and to THG’s highly knowledgeable business leaders and experts in a variety of industry-specific specializations. In addition, entrepreneurs will work with the THG’s research and development team who play a critical role in developing new startups with novel technologies.
Does The Heritage Group Accelerator Powered by Techstars sound like a good fit for your company? If so, we want to hear from you. Request more information about this program, schedule one-on-one office hours with program staff, register for our upcoming AMA (Ask Me Anything) on May 9th, or apply now.
Techstars, the worldwide network that helps entrepreneurs succeed, today announced that applications are now open for 2019’s Q4 mentorship-driven accelerator programs. These programs that are officially receiving applications:
- Barclays Accelerator, Powered by Techstars – NYC (New York)
- Techstars Montreal AI Accelerator
- Techstars Energy Accelerator in Partnership with Equinor (Oslo)
- Techstars Paris Accelerator
- Colliers Proptech Accelerator Powered by Techstars (Toronto)
- The Heritage Group Accelerator Powered by Techstars (Indianapolis)
- UnitedHealthcare Accelerator Powered by Techstars (Minneapolis)
- EPS MaritimeTech Accelerator powered by Techstars (Singapore)
- Alexa Accelerator, powered by Techstars (Seattle)
These nine programs include three new accelerators that will be celebrating their inaugural classes in 2019. The Heritage Group Accelerator Powered by Techstars is digging into technologies across construction, materials, environmental and recycling, and energy and refining. The UnitedHealthcare Accelerator Powered by Techstars is focusing on health care innovations supporting payer and care provider efforts. The EPS MaritimeTech Accelerator powered by Techstars is geared towards technologies with applications to the maritime industry including regulations, fuel efficiency, vessel operations, digitalization, and navigation. Together with our corporate partners, we can’t wait to find the first Techstars classes of startups that are going to transform these industries.
Barclays Accelerator, Powered by Techstars heads into its fifth year of program having achieved amazing success, with notable alumni such as RealBlocks, Sigma Ratings and Novo. Alexa Accelerator, powered by Techstars is going into its third year of program looking for the next class of companies focused on voice technology innovation. Colliers Proptech Accelerator Powered by Techstars, Techstars Energy Accelerator in Partnership with Equinor, Techstars Montreal AI Accelerator and Techstars Paris Accelerator are all gearing up for their second year of program after strong performances in 2018—the companies from these classes are securing funding rounds and growing fast.
Techstars mentorship-driven accelerator programs attract the best startups and founders, who then #DoMoreFaster—participants often say that they accomplish more in the three months of the program than they would in a year and a half, working on their own. We’re proud of our record of success: check our our top 50 Techstars alumni companies and their funding raised to date. Of the nearly 1600 companies that have come through our accelerator program, nearly 90% are active or have been acquired, and between them they have raised over $6.5 billion!
Our alumni entrepreneurs agree that the Techstars experience has been essential to their success: watch these founders talk about exactly how we helped them grow.
In 2019, The Heritage Group Accelerator Powered by Techstars will bring 10 global companies to Indianapolis for a three month mentorship-driven accelerator. Many of the industries that serve our most basic needs—from industrial production to transportation infrastructure to environmental services and safety–are facing renewal and disruption through innovations in materials, processes and business models. This megatrend in the modernization of legacy enterprise creates massive potential for value creation along the intersections of materials science, specialty chemicals, remediation methodology, energy production and systems automation. The Heritage Group Accelerator Powered by Techstars supports companies seeking to disrupt existing markets by pioneering the next generation of solutions across this spectrum.
As excitement around the accelerator continues to grow, startups want to know if our accelerator is the right fit for them. The market The Heritage Group serves is broad and we’re looking for companies that serve the needs of these customers. We invite all companies to apply to the program that believe they can help with this transformation.
Why The Heritage Group Accelerator Powered by Techstars?
The Heritage Group is a leader in many of the industries that it seeks to transform, and those companies are ready to help startups be successful. The Heritage Group has companies in several industries including specialty chemicals, environmental services and recycling, heavy-duty construction and materials, and energy. Participants in the accelerator will have the opportunity to work not only with dozens of highly knowledgeable mentors in a variety of industry-specific specializations, but also with The Heritage Group’s enterprise-wide research and development team. The R&D facility develops and supports businesses with a focus that includes material science, physical infrastructure, chemistry, batteries, recycling and materials stability. The research group also plays a critical role in developing new startups with novel technologies, both internally and externally.
Before any startup launches, Heritage Research Group evaluates it from a health, safety, and environmental standpoint to ensure long-term success. Heritage Research Group takes a team approach to solving the tough problems faced by its partners, startups, and customers. The group strives to find sustainable solutions and is constantly exploring new ways to reuse or recycle industrial by-products and co-products.
In addition to the access to technical and business leaders the program provides, companies selected to the program will be working in The Center, a world class facility in Indianapolis. The Center is THG’s brand-new facility purpose-built to incubate innovative business ideas, solve important customer problems, and connect entrepreneurs with researchers and thought leaders.
Set on sixty acres and created by the world-renowned design firm IDEO, the Center has dedicated space for each startup as well as a multitude of meeting rooms, quiet spaces, in house gym, volleyball court, collaboration zones, walking trails and other spaces that create a positive working environment. HG Ventures, THG’s corporate venture arm, is co-located at The Center, as is Heritage Research Group—THG’s state-of-the-art laboratory and testing facility that houses more than fifty dedicated science and engineering professionals.
Are you interested in learning more about the accelerator or want to apply? Applications will open in 2019 but we are excited to speak with companies in advance – click here and let us know if you’re interested in connecting.