Potential to receive up to $1 million in seed capital investment.
NextEra Energy Investments, LLC (NEI), an indirect and wholly owned subsidiary of NextEra Energy, Inc., is holding its second Seed Competition. Startups have the potential to receive up to a $1 million seed capital investment, with investment documentation terms to be negotiated between the potential winners and NEI. The Seed Competition is designed to identify entrepreneurs who have innovative and emerging technologies within cybersecurity, data & AI, decarbonization and energy transition and who want to work with NextEra Energy and its subsidiaries to create a better tomorrow. Applications will be available Sept. 23, 2024, through Dec. 8, 2024.
Applicant Screening And Selection
Initial Application Review: Applications submitted for any Seed Competition may be transmitted to/from the United States and will be reviewed by NEI. Applications will be reviewed for, among other things, eligibility and strategic fit.
Selection: Finalists will be contacted by NEI with instructions for the final stage of the competition which will include finalists submitting to background checks and further due diligence. Finalists will be required to execute and return certain documentation within a time period specified by NEI. If such documents are not returned by the deadline, such Finalist will be disqualified. From the Finalists selected, NEI will select Seed Competition “Winners”. Potential Winners must comply with all Terms and Conditions; winning is contingent upon verification of eligibility and compliance with all requirements herein.
Competition Criteria
At minimum, applicants must meet the following requirements to be considered:
- Pre-Series A
- Business plan with three-year forecasts
- Companies within the following categories:
- Cybersecurity
- Data Analytics & AI
- Decarbonization
- Energy Transition
Competition Timeline
September 23, 2024:
Application window opened at
9:00am ET
December 8, 2024:
Application deadline midnight ET
Early March 2025:
Finalists notified
Mid-April 2025:
Competition held
