Retail Supplier Parent Launches Accelerator to Fuel Innovation in Energy, Commodities Industries
February 12,2020
Freepoint Commodities LLC ("Freepoint") today announced the launch of its new startup accelerator, PointForward LLC
Freepoint Commodities is the parent of retail supplier Freepoint Energy Solutions
PointForward will partner with early-stage companies focused on a range of offerings (such as trading, logistics, and technology) related to the energy and other commodity markets.
Each team accepted into the Accelerator Program will receive up to $100,000 in funding and invaluable access to Freepoint's resources and mentors, in exchange for a small equity stake.
PointForward's inaugural class will run for twelve weeks commencing in June 2020 at dedicated space in Freepoint's headquarters in Stamford, Connecticut. On-site mentors will share their industry knowledge, business acumen and technical skills with founders. In addition, PointForward will offer participants weekly seminars with leading academics, venture capital firms and other industry experts. The Accelerator Program will conclude with Demo Days in New York and Houston at which teams will present to potential investors.