[Tempe] — April 24, 2020 — Today, the EnKoat team emerged as runners-up for the EarthX Climate Tech Prize at the 2020 EarthX E-Capital Summit. After going through three different rounds of intense competition that spanned over four weeks. Over 250 startup teams in cleantech competed for the prize, out of which 20 teams were selected to pitch at the event semi-finals. Finally, 4 finalist teams were selected by a panel of expert judges and cleantech investors to pitch for the Climate Tech prize. A panel of highly reputable venture capital investors judged and scored the finalists on their team, product, market, traction and impact. 

 

The pitch competition by EarthXCapital teamed with Austin Technology Incubator celebrates early age cleantech startups and provides them a platform to pitch their ideas in front of key investors and partners. “As an early-stage startup, getting in front of the right people is extremely important. The judges in the competition provided us valuable feedback on our products and business model, which helps us refine our approach and continue to move forward in the right direction”, said CEO Dr. Matthew Aguayo. 

 

CTO Dr. Aashay Arora added, “Finishing as runner-up out of 250 teams is a great achievement for us. It shows that we are able to engage people with our technology and communicate effectively about EnKoat’s vision. We are trying to leverage opportunities like this to gain traction with key investors, partners and industry professionals. We appreciate the honors and we are grateful to be part of this.” The conference was held virtually this year due to worldwide concerns regarding the COVID-19 pandemic. The conference also facilitated one-on-one networking opportunities for startups beyond the pitch competition and the team at EnKoat met with several of them in online rooms. 

 

Earlier this month, EnKoat was selected as one of eight cleantech startups to participate in the Joules Accelerator, which provides startups a great platform to deploy their technology in the North Carolina Cleantech Corridor. The accelerator selected the most promising top eight startups from all over the world with focus on ‘net zero’ technologies for their sixth cohort. As part of the accelerator, EnKoat will get access to work directly with industry giants like Duke Energy, Trane and Lowes and several others, all of which are partnered with the Joules accelerator.  

 

About EnKoat 

EnKoat is a clean-tech and advanced materials company. EnKoat has re-engineered traditional architectural coatings like paint, plaster and stucco into energy saving coatings. Our coatings can provide up to 30% savings on heating and cooling costs by automatically regulating the internal building temperatures. These coatings can be applied to interior/exterior walls or roof of new construction, pre-existing buildings and retrofit applications. 

 

About EarthX 

EarthX is an international nonprofit environmental organization dedicated to educating and inspiring people and organizations to take action towards a more sustainable future worldwide. EarthX’s mission is to inspire and energize the global community in ways that help create a sustainable world for all living things, and a better, cleaner, healthier world for future generations. EarthX is dedicated to presenting a balanced approach and the views of persons from all walks of life including students, families, activists, innovators, capitalists, scientists, environmentalists, business people, officials, foundations, farmers, ranchers, researchers and more. In short, ALL of the citizens of the world.