By Scott Kraege, Managing Director of The Heritage Group Accelerator Powered by Techstars
The Heritage Group Accelerator Powered by Techstars is thrilled to announce the 2020 class of extraordinary founders and companies. In an unprecedented year, disruptive founders are creating and building novel solutions to fix everyday problems. Techstars and The Heritage Group have partnered for the second year to bring ten founding teams together to scale their innovative ideas.
Ten startups will join the program from the United Kingdom, the Netherlands, and six U.S. states. Our 2020 class represents a diverse array of innovation, from construction tech and the industrial internet of things to sustainable material manufacturers. Sharing a mission to propel innovation in the hardtech space, the startups seek to implement technologies that will solve some of the world’s most pressing challenges. Focused on solving big problems, like repurposing plastic, reducing carbon emissions, and increasing worker safety, the 2020 class is equipped to create a global impact.
This mentorship-driven hardtech accelerator is in partnership with Indianapolis-based The Heritage Group (THG). THG manages over 40 companies in the core industries of transportation infrastructure and materials, environmental services, specialty chemicals, and fuel products. Over the next 13 weeks, the startups will scale their businesses and go to-market strategies under the guidance of mentors from both Techstars and THG’s global networks. The founders will work with dozens of mentors, who are experts in various industry specializations, to accelerate and overcome some of hardtech's common challenges: planning commercialization strategy, demonstrating proof of technology, securing pilot project opportunities, and acquiring new customers to grow revenue streams.
"The accelerator is an opportunity to combine the material science expertise of The Heritage Group with the passion and vision of entrepreneurs to drive real change in the material science and hardtech space,” said Kip Frey, the Executive Vice President of New Ventures for The Heritage Group. “In partnership with Techstars, we look forward to welcoming a new class of entrepreneurs to Indianapolis and helping them build successful businesses.”
As part of THG’s effort to reinvent traditional industries, THG built The Center, a state-of-the-art collaboration and R&D facility in Indianapolis, where the accelerator is housed. The Center was purpose-built to incubate disruptive technologies and connect entrepreneurs with researchers and industry leaders. HG Ventures, THG’s venture capital arm, is also based at The Center and invests $50 million annually in related startups.
Introducing the 2020 class of The Heritage Group Accelerator Powered by Techstars:
Arqlite provides the construction industry with innovative, efficient materials while solving global plastic waste problems.
Material Evolution applies machine learning to the construction industry for the formulation of smart and sustainable concrete.
MFlux Lighting provides integrated IoT light-towers to industrial job sites as a connected-platform for more intelligent, safer, and greener construction.
Mobile Fluid Recovery utilizes patented technology to separate liquids from solids in industrial waste streams so that each can be managed more economically and sustainably.
Permits.com simplifies how contractors get permits, accelerate project planning, and validate subcontractor compliance in real-time.
Pretred repurposes waste tires and plastics into innovative and efficient industrial use barriers and blocks.
PROJiTECH’s application, OnStation, is a productivity app for roadway workers and designers that provides immediate and often critical job site data, including access to geographic data, evolving plans and design, and a project-wide-team chat platform.
RoadEO offers real-time insights into road quality monitoring and predictive road maintenance by combining datasets from satellite, phone, smart vehicles, and historical models.
Sunthetics is developing software in tandem with electrochemical equipment for more sustainable and efficient chemical manufacturing.