Schneider Electric Joins Shadow Labs' Accelerator as a Corporate Sponsor

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Jan 23, 2019, 14:26 ET

BOSTON, Jan. 23, 2019 /PRNewswire/ -- Shadow Ventures, a venture capital firm focused on investing in seed-stage companies disrupting tech-nascent markets, and Schneider Electric, a global leader in the digital transformation of energy management and automation in homes, buildings, data centers, infrastructure and industries, are celebrating the end of the inaugural cohort of Shadow Labs' AEC + CRE Accelerator. To close out nine-weeks of mentoring innovative startups disrupting architecture, engineering, construction, and commercial real estate, Shadow Ventures and their partners Schneider Electric and WeWork will be hosting the first ever Shadow Labs Demo Day.

Through their virtual incubator program, Shadow Labs, Shadow Ventures and their corporate partners launched their first accelerator in October 2018 with an exclusive kick-off event featuring a fireside chat with Roadie CEO, Marc Gorlin. For nine-weeks, this completely virtual program focused on fast tracking early-stage AEC and CRE startups by providing them with the mentors, support, and business and technical resources they need to successfully bring their products to market.

"At Schneider Electric we are committed to co-innovation and supporting external talent to ensure the most cutting-edge technology solutions are being delivered to our customers," said Heriberto Diarte, Head of Schneider-Electric Ventures. "We look forward to continuing our collaboration with Shadow Ventures and providing early-stage technology companies a platform to learn independently and receive guidance from industry-leading professionals."

"Schneider is the perfect partner for our firm and accelerator program," said K.P. Reddy, founder of Shadow Ventures. "Through their collaboration an involvement at every step of the program, from helping to select the six finalists to lending time and resources needed to develop the companies over the nine-week period, Schneider is demonstrating their commitment not only to our relationship as a partner but to innovating the built environment."

The Demo Day will feature pitches from all graduating startups, whose companies exhibit the qualities venture firms seek for scale and velocity. This is an excellent opportunity for our investor network and corporate partners to evaluate seed-stage startups across architecture, engineering, construction and commercial real estate.

What makes Shadow Labs Accelerator Program unique?

The program is non-equity based putting the entrepreneur, not the investor, first.
The curriculum was developed by entrepreneurs for entrepreneurs.
Participation does not equal graduation. Each start-up must meet specific criteria to graduate.
The program is remote, except for the kick off and demo day. Start-ups do have the option to attend in person.
The platform runs entirely off Slack and Zoom Video Conference.
Curriculum content is recorded allowing start-ups to learn independently. Hands-on time is spent working on deliverables, creating a "flipped classroom" of sorts.
The mentors and advisors assigned are industry professionals or technical specialists and are all available via Slack and Zoom to our start-ups no matter their time zone.

For more information about Schneider Electric, please visit: https://www.schneider-electric.us/en/

About Schneider Electric

Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software. In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency. We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.

www.schneider-electric.us

About Shadow Ventures

Shadow Ventures invests in seed stage companies led by dynamic entrepreneurs focused on changing tech-nascent industries with disruptive technologies. Their Shadow Labs programs support startups globally providing them with the capital and expertise they need to successfully scale their businesses. By tackling big problems in tech-nascent industries, Shadow Ventures is changing how startups start and investors finish.

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SOURCE Schneider Electric