For immediate release
Contact: Kris Nelson (nelson@mempro.com)
The emerging startup partnering with the global investment company to revolutionize the climate tech ecosystem
EDWARDS, CO — MEMPRO has been selected to participate in Techstars Alabama Energy Tech Accelerator for its Fall 2024 Class. We join 11 early-stage companies that are pioneering advancements across a range of critical areas, including energy technology, climate innovation, sustainability, and customer experience.
Set in Birmingham’s burgeoning tech ecosystem, the 13-week, mentorship-driven program is uniting founders from around the world. The 2024 class was selected for their groundbreaking products and solutions poised to address some of the globe’s most urgent challenges, including energy stability, supply chain and logistics safety, and sustainability. Techstars has invested in world-changing companies, such as Uber, Remitly, ClassPass, and other notable companies, especially unicorn ones.
According to Techstars announcement: MEMPRO Materials Corporation (Edwards, Colorado, & Cleveland, Ohio, United States) serves the Energy Harvesting industry by reducing the cost of using critical metals. MEMPRO also conserves limited supplies of metals that are largely mined outside the United States. In addition to the Energy industry, MEMPRO’s unique technology applies to metals used in electronics and in the processing of pharmaceuticals.
MEMPRO uses high-surface-area processing to make critical metals less costly to use and to conserve global supplies of metals for a wide range of industrial applications. “We are thrilled to participate with other innovative companies to strengthen our corporate tools and prepare our team for growth,” said John Finley, CEO of MEMPRO Materials Corporation. “The course will enable us to engage capital sources and build strategic partnerships. It will complement our path toward successful commercialization.”
Since 2006, Techstars has worked with startups across a range of verticals—from aerospace to finance to logistics to retail—connecting them to a network of successful mentors and partners. Each year, Techstars chooses hundreds of early-stage companies to join one of their 3-month, mentorship-driven accelerators, investing $120K and providing hands-on mentorship and access to the Techstars network for life. The average capital raise post-program is $1 million. To date its participants have raised $27.9 billion in funding with a cumulative market capitalization of $116 billion. Techstars has invested in over 4,000 startups.
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