Ecofuel is a startup accelerator that works with exceptional entrepreneurs in clean technology to help build companies that will become competitive on a global basis.
Ecofuel is a platform open to multiple investing partners across the investment community in clean technology. The program includes financing from Ecofuel’s investing partners in the form of convertible loan, a investment vehicle frequently used in the industry for this type of investment. In addition to an investment of up to $75,000, Ecofuel offers to its entrepreneurs a personalized intensive program of workshops, networking and mentoring meetings, with the objective of developing entrepreneurship and help build and scale technology-based companies.
We use a convertible loan for our financing. A convertible loan is a loan you can convert in equity of a company. It allows to offer the company a non-secured loan with capital and interests that can be repaid with the issuance of shares in the company instead of cash. The conversion of the loan into shares can happen for example in a subsequent financing round. Capital and interest are then converted in shares according to the terms of the agreement between the company and the investors.
For participants in the Ecofuel program, the potential investment can be up to $75,000 (according to the capital needs identified by the Selection Committee). The advantage of this financing vehicle is in its simplicity (it also saves precious negotiation time), and allows many startup companies to avoid negotiating a new shareholders’ agreement before the closing of such a financing round. Basically, this investment vehicle accelerates the investment process.
Our goal is to help entrepreneurs build a sustainable and profitable business plan in an environment stimulated by the other companies in the cohort, the mentors, and the broader clean technology ecosystem.
In short, Ecofuel prepares the entrepreneur to refine his business plan and to raise the required financing to execute it.
We are looking for determined, goal oriented teams that want to change the world through delivering clean technologies based on sound economic models.
We are dedicated to providing everything it takes to see your start-up succeed.