BOSTON- On October 30th, MassChallenge announced the world’s highest impact startups and awarded them over $1.5 million in grants and over $10 million of in-kind prizes.
As the Red Sox prepared to take the field for their winning game six of the World Series, MassChallenge and the Boston startup community gathered to celebrate entrepreneurship at the MassChallenge Awards Ceremony. Over 1,300 startup enthusiasts and supporters gathered at the Boston Convention and Exhibition Center as 26 of the world’s highest-impact, highest-potential startups were awarded cash and in-kind prizes well in excess of $10 million.
UPower Technologies, Inc. was selected from over 1,200 applicants to MassChallenge from 40 countries and 30 states to be one of the 128 finalist startups participating in the accelerator this summer. UPower was then selected as one of the top 26 finalists, and finally was announced as a winner and $50,000 prize recipient at the awards ceremony on October 30.
Jacob DeWitte, CEO of UPower, gave a minute pitch before the 1,300 guests including keynote speaker George Whitesides, CEO of Virgin Galactic. “Imagine what you could do with a mini power plant about the size of a bus that was completely emission free, could power 2,000 homes for 12 years without shutting down or refueling, and used a fuel so energy rich that a mere handful could provide a lifetime of energy for a person. You could power this building, you could power cities, you could bring power to places that don’t have it and with it – clean water, healthcare, and education, all while making the air cleaner…”
UPower adds this esteemed competition result to other accolades since its launch just over 7 months ago—including placing as the top MIT team at the MIT Clean Energy Prize competition, winning the MIT $100K competition Energy Track, being selected as a Cleantech Open Northeast semi-finalist and finishing in 1st place at the FutureEnergy pitch contest.
UPower enables fully distributable, always-on, clean power generation like never before possible. The nuclear battery unit fits in a shipping container and produces 2 MW continuously, making it ideal for isolated communities, remote resource production, data centers, military bases, and microgrids worldwide. The UPower module can demand-follow and requires no refueling during its remarkable 12-year lifetime. At the end of each unit’s lifetime, the fuel can be reused in another unit for an additional 12 year deployment. It is a novel and simple solid-state technology that relies solely on natural forces and does not require large moving parts like pumps and valves. This simplicity and its small size enable true walk-away safety and significant cost savings. The technology is currently in R&D stage and anticipates conducting full-scale testing beginning in early 2014.
Caroline Cochran, firstname.lastname@example.org, (617) 902-0806
MassChallenge global accelerator: http://masschallenge.org/
UPower website: www.upowertech.com