Wepower, a new blockchain-based renewable energy start-up that is currently in the pre-sale stage of its ICO, has been chosen by Startup Bootcamp to help lead its Energy Australia initiative.
The announcement now means that Wepower will be opening up a second front for its token-based green energy model along with its original plans to begin development in Europe.
Startup Bootcamp Facilitating Partnerships
Startup Bootcamp, one of the world’s leading startup accelerator programs, is thought to have chosen Wepower as one of eleven successful candidates to have applied for its program from among hundreds of other energy startups looking to break into the Australian energy market.
The Startup Bootcamp program’s general remit is to identify the most innovative start-ups in a range of technological fields from IoT through to FinTech, and includes a separate branch for energy development.
Wepower’s onboarding onto the Startup Bootcamp program now means that it will benefit from a range of Australian partnerships including one with Energy Australia, one of Australia’s largest energy providers.
It will also enjoy the stewardship of Trevor Townsend, an energy industry veteran who successfully pioneered one of Australia’s flagship energy trading platforms in the early noughties.
“The announcement is fantastic news,” stated Arturas Asakavicius, co-founder of the project, “and another indication of the interest that our blockchain-based energy production model has been attracting.”
Wepower, which also enjoys formal endorsement from the Lithuanian government, has scheduled its public token sale for early February.