Capacitech Energy wins $10,000 at the Florida Venture Forum!

It has been a really fun year so far for Capacitech Energy! Started it off by being named a top 30 energy storage startup, then we were selected as a top 4 finalist for the CADE Museum Prize, we won the collegiate prize at eMerge Americas, and last week we were awarded a $10,000 check by Space Florida for the seed stage competition at the Florida Venture Forum.

The Florida Venture Forum gave us the opportunity to share Capacitech’s growth and to focus on interested investors. This award supports the commercialization of our wire-shaped energy storage technology, and clearly demonstrates Central Florida’s innovation ecosystem!

-Joe Sleppy | CEO of Capacitech Energy

Joe Sleppy (left) of Capacitech Energy and Rodney Bosley (right) of SegAna at the Florida Venture Forum award ceremony in the Omni Resort in Orlando, Florida.

Joe Sleppy (left) of Capacitech Energy and Rodney Bosley (right) of SegAna at the Florida Venture Forum award ceremony in the Omni Resort in Orlando, Florida.

Capacitech presented their vision for improving residential solar power systems using their wire-shaped energy storage technology by building them into the DC power cords connecting everything together. The pitch was well received by investors in the crowd.

One of the coolest aspects of the night was the impressive showing by Orlando companies! Capacitech and SegAna are both members of the University of Central Florida incubation program and both took home awards in the seed stage and early stage competitions.

This form of non-dilutive capital can go a long way in helping companies reach the next stage. Maybe it is in the form of extending runway, a major investment, or to establish credibility to investors or customers. Regardless, this event hosted by Florida Venture Forum and Space Florida is an important piece of the central Florida innovation ecosystem!

More Information

Story by UCFToday

Capacitech Energy Attracts Funding to Grow Orlando's Manufacturing Sector

This has been a pretty great week! We have:

  1. Been accepted to present at the FL Venture Forum (more info coming soon)

  2. Selected to the CADE Prize top 4 finalist

  3. Attracted funding to build our Orlando-based manufacturing facility!

We are very excited about our new partnership with Varnadore Financial. They are bringing a new level of financial experience and resources to Capacitech’s advisory team.

Their investment is a big deal for us and could not have come at a better time. We will use this funding to build out our manufacturing line in Orlando. This step up in scalability will enable us to launch several pilot programs in the renewable energy space, which has been a dream of mine since the beginning.

-Joe Sleppy | CEO

Capacitech will be partnering with RTP Systems and KCP Products to build, implement, and house the manufacturing equipment. For more information regarding this new partnership, please check out the stories published below:

UCF Incubator

Orlando Entrepreneurs