Schneider Electric, the leader in the digital transformation of energy management and automation, announces a partnership with Brinc.
The Brinc & Schneider Electric Energy & Industrial IoT Accelerator Program has the goal to invest in entrepreneurs developing the next generation of technology to address challenges of data acquisition, connection and analysis for Industry 4.0. IoT devices and platforms will enable new applications and services in buildings, infrastructure and manufacturing, including the ability to link automation systems with enterprise planning, scheduling and product lifecycle systems.
“We’re excited to partner with Brinc to find the next disruptive idea in energy and industrial automation,” said Rodolphe Heliot, VP Business Incubation at Schneider Electric. “We are particularly interested in technology accelerating the convergence between information technology (IT) and operational technology (OT).”
Successful candidates receive $125,000 USD, plus Brinc and Schneider Electric mentoring and services in exchange for 10% equity of the startup. Applications are open to entrepreneurs around the world but must be present in Hong Kong for 1 month of the program for on-site training, and 2 months of the program can be done remotely. Entrepreneurs can already apply, and applications are open until August 10th.
This partnership is part of Schneider Electric’s Innovation at the Edge Program, which invests, incubates and partners with start-ups and large companies to co-innovate the future of energy, and has more than 40 startup partnerships and incubation projects.
Brinc is a global venture accelerator with programs in IoT & Connected Hardware, Drones & Robotics, Food Technology and Industrial IoT. With offices in Hong Kong, China, The Middle East, Europe & India, Brinc provides supportive services and capital to help founders move quickly as they build, launch and scale their businesses.