Schneider Electric and Brincs announce accelerator program

New Delhi: Schneider Electric announced an accelerator program for entrepreneurs, in partnership with Brincs, an accelerator and venture capital firm, said the company in a press release today. The program will provide $125,000 of funding, an additional sum as credits that can be used against services from Brincs, and access to Schneider Electric’s customers, mentorship, and market knowledge.

Selected startups will undergo a 3-month program, a month of which will be in Hong Kong, while the rest can be done remotely. The program is for startups that deal with electric energy and industrial IoT (Internet of Things). Applications for the program are open till August 10.

“We’re excited to partner with Brinc to find the next disruptive idea in energy and industrial automation,” said Rodolphe Heliot, vice-president (Business Incubation) at Schneider Electric. “We are particularly interested in technology accelerating the convergence between information technology (IT) and operational technology (OT)."


The company said the partnership is part of Schneider Electric’s Innovation at the Edge Program, which invests, incubates and partners with startups and larger companies in the areas of energy. More than 40 projects are part of the program.