By Tim Ryan
In a significant vote of confidence for Hampton Roads’ burgeoning innovation ecosystem, Sarasota, Florida-based startup Gismo Power has chosen to participate in the 757 Accelerate 6th cohort—a highly regarded, mentor-driven startup acceleration program. This strategic decision has already paid off, as the company recently secured a $1.1 million grant from the U.S. Department of Energy (DOE).
The Magnetic Pull of 757 Accelerate
Gismo Power’s selection of Hampton Roads and 757 Accelerate showcases the national allure of the program. Offering startups a fertile ground of mentors, investors, and resources, 757 Accelerate is becoming a go-to hub for promising businesses. Gismo Power’s successful grant acquisition amplifies both the startup’s potential and the national reputation of Hampton Roads as a hub for innovation.
Introducing MEGA: A Solar Revolution
The DOE grant is earmarked for Gismo Power’s Mobile Electricity Generating Appliance (MEGA), a portable solar PV-EV charger designed for lower-to-moderate-income homes and small businesses. MEGA is a multi-faceted, grid-tied device capable of functioning as a carport, solar electricity generator, and EV charger.
SBIR/STTR Programs: Fueling Innovation
The grant comes through the DOE’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, which aim to transition high-risk technologies from concept to market. The funding is specific to projects enhancing the affordability, reliability, and performance of solar technologies.
A Brighter Future Through Collaboration
Gismo Power’s grant and involvement with 757 Accelerate underscore the benefits of multi-faceted collaborations. They demonstrate how a Florida-based startup can leverage Hampton Roads’ resources to not only fast-track their growth but also enrich the region’s innovation landscape.
This moment serves as a testament to the transformative power of cooperative efforts between accelerators, government institutions, and forward-thinking businesses. For those interested in following Gismo Power’s evolution and other national startups turning to Hampton Roads, additional information can be found on the DOE’s website.
