ENERGYx

Catapult your oil & gas startup to the next level.

ENERGYx, a joint program of the Southeast Louisiana Energy Initiative and The Idea Village, is a 12-week accelerator program for a cohort of up to 5 early-stage, Louisiana-based companies operating in the oil and gas industry. Central to the program is a curated network of industry experts available to participating founders.

Applications ENERGYx program have closed. Meet this year’s cohort here.

The Details

  • Perks of the Program

    In addition to critical business resources, ENERGYx participants have exclusive access to the following:

    • Peer Learning: A 3-day bootcamp kicks off the ENERGYx program gathering the full cohort together with experts to educate the founders on what they know well and how to best leverage the weeks ahead. Throughout the program, bi-weekly cohort dinners will be hosted to provide participants the opportunity to share experiences and learn from each other.
    • Coaching: Each ENERGYx founder will meet weekly with the program's dedicated Entrepreneur-in-Residence (EIR), who will help them hone in on key aspects of their business as well as navigate and prioritize mentor network.
    • Mentorship: Central to the development of companies going through ENERGYx is surrounding them with great mentors. The mentor network is a curated group of the best local and national business experts committed to helping founders accelerate immediate and long-term growth.
    • Exposure: ENERGYx culminates with all participants presenting their business to industry leaders in a private session in early December.
    • Funding: Select participants will be afforded the opportunity to participate in the CAPITALx Program based on the outcome of the participant presentations in December. ENERGYx participants in CAPITALx will be eligible to present their businesses to a panel of industry leaders for a $50,000 prize during New Orleans Entrepreneur Week.
  • Eligibility

    In order to be eligible for ENERGYx, your business must:

    • Be organized as a for-profit.
    • Primarily operating in, or serving, the energy industry or a service or product that can be applied to the sector.
    • Offer a disruptive solution/technology for the petroleum industry.
    • Be located in Louisiana or founder has ability to attend sessions in New Orleans, Louisiana during 12-week program.
    • Committed to attending, in person, all EIR meetings and Cohort Dinners.
    • Generate less than $2.5 million in annual revenue.
    • Have fewer than 10 full time employees.

  • Selection Criteria

    The ENERGYx selection process is meant to assess companies across a wide range of criteria. The goal is to identify founders of integrity and grit, with highly scalable ventures, who are committed to New Orleans. Areas of emphasis include:

    • Past experiences, leadership history, and skills of the management team.
    • The potential business opportunity, including market size, potential to scale globally, barriers to entry, and competition.
    • Existing product-market fit and traction, timeline and hurdles to a market-ready product.
    • Go-to-market strategy.
    • Viability, reality, and defensibility of the Business Model.
  • Selection Process

    After candidates submit an application, our team will follow a standard review process that takes between 2-4 weeks to complete with initial interviews occurring on a rolling basis beginning in late July/early August.

    First Round Interview: Applicants aligned with ENERGYx qualification criteria will be invited in for an initial interview to discuss their business, background, and goals.

    Due Diligence: The Idea Village will do a little digging, following up with the applicant’s references, testing assumptions, etc.

    Final Interview: Select candidates will be invited back to interview with a committee who will assess their character, business, and fit for the program.

    Selection: The Southeast Louisiana Energy Initiative will work with The Idea Village team and the dedicated ENERGYx Entrepreneur-in-Residence to select up to 5 founders to join the program. All applicants will be notified of their selection no later than August 27th.

ENERGYx Highlights


									

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