Finnish cleantech company Ori Solution was accepted into Newchip’s renowned global accelerator program. The equity-free, fully digital accelerator has helped over 1,500 founders from more than 50 countries and 250 cities raise over $450 million in funding with an estimated portfolio of over $9 billion.
Designed to provide all the skills and tools founders need to rapidly fund, build and scale their companies, past accelerator cohorts averaged more than 17.5 times the average funding amount.
“Newchip evaluates a diverse number of companies across all industries from around the world, selecting a small percentage to join our accelerator,” says Armando Vera Carvajal, Vice President of Product at Newchip. “This strict selection process makes us an ideal partner for investors looking for promising start-ups. Clean Energy Companies like Ori Solution can scale quickly with proper funding and guidance. We are excited for Ori Solution and believe they will do well at Newchip.”
The selection comes amid rapid market growth. The global renewable energy market is projected to reach $1,998.03 billion by 2030, growing at a CAGR of 8.6% from 2022 to 2030 according to Precedence Research.
“Being accepted into the Newchip Accelerator, we are excited to connect with, and learn from, experts globally. Newchip’s network of diverse skillsets and investors globally will inevitably help us to turn our state-of-the-art clean energy innovation to licensable technology and scalable solutions,” says Joakim Berndtsson, CEO and Co-Founder of Ori Solution. “With the right talent network and well-structured funding, we will be able to launch a MVP within 18 months. We need the world, and the world needs our solution.”