Veritel Energy Joins Esteemed List of Semi-finalists in Harvard’s 2023 President’s Innovation Challenge
Harvard University has recognized Veritel Energy, a promising player in the field of renewable energy, as a semi-finalist in its President’s Innovation Challenge for 2023. The challenge, now in its 11th year, aims to galvanize ingenuity across the University to generate solutions to pressing global issues.
The Harvard Innovation Labs received over 400 applications for the 2023 President’s Innovation Challenge. After meticulous evaluation by an esteemed panel of over 275 judges, Veritel Energy was selected among 158 semi-finalist teams, representing a diverse array of ventures from 13 different Harvard Schools and over 32 countries worldwide.
“We are endlessly proud of all our semi-finalists, past and present,” said Harvard Innovation Labs. “Whether or not an idea makes it to the final round of the PIC, we are here to help get each venture over the finish line. We believe that all the incredible progress made during this phase is just the beginning of the road.”
Veritel Energy’s recognition in this competitive environment signals a remarkable achievement and a testament to the company’s innovative approach towards ensuring a just and equitable energy transition, particularly for multifamily properties.
Commenting on the semi-finalist recognition, Tony Keslinke, Founder of Veritel Energy said, “We are honored to be selected as semi-finalists in the President’s Innovation Challenge. This opportunity to further refine our pitches, products, business models, and go-to-market strategies with the Harvard Innovation Labs community is invaluable. We’re excited to propel Veritel Energy even farther and faster with their support.”
The President’s Innovation Challenge Awards Ceremony, scheduled for May 5, will showcase 25 ventures, including Veritel Energy. Winning teams will share $510,000 in prizes, with five ventures winning $75,000, five receiving $25,000, and $10,000 in Ingenuity Awards going to teams advancing ideas with the potential to be world-changing.
“This record-setting semester in terms of the number of students and alumni participating in Harvard Innovation Labs programming has demonstrated the remarkable accomplishments and visions for the future of our 25 President’s Innovation Challenge Finalists,” said Matt Segneri, Bruce and Bridgitt Evans Executive Director of the Harvard Innovation Labs.
The recognition from the President’s Innovation Challenge adds to Veritel Energy’s recent successes, including securing funding from the Department of Energy (DOE) for an SBIR Phase I project to decarbonize multifamily buildings. Veritel Energy’s commitment to advancing energy equity and its unique, innovative technology continues to garner attention and support from prestigious institutions and government bodies alike.