Companies that are interested in participating in the Seed Competition must upload to the application site a completed application which includes, but is not limited to, a pitch deck, business plan and executive summary using the link provided, which will redirect you to the Application Site. NEI will review submissions for technical merit, market potential, strategic alignment with NextEra Energy, and readiness of the product and team. NEI reserves the right, in its sole discretion, to accept or reject any Application submitted for the Seed Competition.
NEI will review the Applications and select companies to present in the final stage of the competition in front of a panel of judges. The winning company or companies (as determined in NEI's sole right and discretion) will be selected by the panel and notified by NEI.
The competition will go live on Monday, October 30th at 9:00am EST and will close on Friday, December 15th at 12:00pm PST. The Seed Competition winners will be announced in mid-April 2024. Winners will be notified by phone, mail and/or email, at NEI's discretion.
Applicants need to meet the following criteria in order to be considered eligible for the competition.
Authorized Representative
Applications should only be submitted on the Application Site by authorized representatives of the Applicant applying for the Seed Competition.
Pre-Series A
Companies must not have previously entered a Series A funding round.
Based in the United States
Must be an entity doing business in the U.S.
Industry-specific
Companies within the following industries will be considered: Cybersecurity, Data Analytics & AI, Decarbonization, Energy Transition.
Award
The exact amount of seed capital will be provided to Winners at time of notification. An Award may not be assigned or transferred or redeemed for cash, however NEI reserves the right, at its sole discretion, to not select anyone or to terminate the Seed Competition without making an Award. Winners shall be responsible for payment of all applicable federal, state, and local taxes, if any, as well as any other costs and expenses associated with Award acceptance not specified herein or in the Seed Competition Announcement. Any Award is subject to the execution of mutually agreeable definitive agreements.
Get in touch
If you have any questions, comments, or issues, feel free to reach out to a representative or administrator at neiseedcomp@nexteraenergy.com
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