To succeed as an entrepreneur you don't just need capital, you need experienced partners who understand what you're trying to achieve. You also need to get on with business; you can't wait forever for investors to decide whether or not they're going to invest.
EnergyLab's angel group is a unique network of investors who believe in the importance and potential of cleantech startups, can make decisions quickly and will continue to support you well after they've invested.
Backing from Australia's leading cleantech angel investors
EnergyLab's angel group is uniquely positioned to help cleantech startups succeed
Reach funding targets
EnergyLab is attracting new investors to the cleantech sector, increasing the chances of you reaching your fundraising targets.
Investors with experience
When our angel investor group invests in your business, you will receive much more than capital. You will receive values-aligned investors with relevant contacts and expertise dedicated to helping you succeed.
Traditional investors and investment groups often shy away from cleantech startups. Our members are actively seeking cleantech startups to invest in, ensuring you receive a positive reception at pitch night.
EnergyLab's angel group moves faster than most, typically making an offer of investment within about 30 days of the pitch night.
How the process works
We've tried to streamline the process of receiving investment from a group of angel investors. Here's what you need to do.
30 April 2020
If selected, you will pitch to our angel investors at our next meeting on 30 April. You can pitch in Sydney, Melbourne or Brisbane and our investors in the other two cities will watch via video conference.
6,7 & 11 May 2020
After the pitch night, you will be invited to a one-hour meeting with any interested investors to discuss your business in more detail. You can attend in-person in Sydney, Melbourne or Brisbane or via video conference.
As the investors conduct their due diligence, they may request additional information and introductions to customers and other investors so they can ask them questions.
If our group plans to invest, we aim to make an offer about a month after the pitch night. Cash is typically transferred within a week of an agreement being signed.
Calling cleantech startups from across Australia
We're open to applications from any startups based in Australia. We require in-person attendance at pitch nights, but you can choose to pitch in Sydney, Melbourne on Brisbane. All other meetings can be taken via video conference if you're not based in one of those cities.
How to apply to pitch at our next event
Applying to pitch to EnergyLab's angel group is easy. Simply fill in a couple of application forms and attend an interview.
If you're not sure if pitching to the group will help you reach your goals, you're welcome to first complete a pre-application form. We'll be in touch within a week to let you know whether it's worth your time filling in the full form.
Due 11 March 2020
The first official step in the application process is to complete a full application form. In addition to asking some basic questions about your business and capital raise, we'll ask you to upload your pitch deck so make sure you have that ready.
Tuesday 31 March 2020
A small number of applicants will be invited to attend an interview, during which we'll ask you to pitch as you would to our investors and answer some questions. The interview is 20 minutes long and held in Sydney or online via video conference.
Early April 2020
Shortly after the interview day, we'll invite three startups to pitch at our next investor event.
What we're looking for
EnergyLab's angel investors back Australia's most promising cleantech startups
Your startup will have a positive environmental impact, such as by facilitating renewable energy uptake or reducing waste.
Your small business has the potential to become a very large one relatively quickly. You're not a consultancy, project developer or non-profit.
You've achieved customer validation, ideally are generating revenue, and are raising $50,000 to $1,000,000.
You have intellectual property, experience, talent and/or insight that will give you an unfair advantage over the competition.
Not sure if this is the group for you?
If you're a cleantech entrepreneur in Australia looking to raise capital but you're unsure if pitching to EnergyLab's angel group is for you, feel free to book a call with our CEO. He'll discuss your unique situation and explore whether there is anything we can do to help you.
Book a call
Here are some of the questions we're commonly asked. If there is anything else you would like to know please email [email protected].
How much can I raise?
EnergyLab's angel investment group is best suited to investing the last $50,000 to $150,000 in a funding round.
How long does the process take?
We aim to make you an offer of investment within a month of the pitch night. Our average is currently 34 days and trending downwards.
What are my chances of raising from the group?
If you're selected to pitch to our angel group, there is a 1 in 3 chance you'll receive a substantial offer of investment. Even if the group doesn't choose to invest, you're likely to establish relationships with potential advisors and future investors.
Do I get a say over who from the group invests in my startup?
Absolutely. We'll check with you before involving any members of our group in the due diligence process and are here to diplomatically remove any members from the process if you decide you'd prefer not to have them as investors in your company.
Where are the pitch events held?
In Sydney, Melbourne and Brisbane.
My startup is incorporated outside Australia, can I apply?
Yes, as long as you operate in Australia and you're able to pitch in-person in Sydney, Melbourne or Brisbane.