Here's More on Picasolar at SxSW Eco from the UA Newswire
Earlier this week, we shared news from Picasolar CEO Doug Hutchings about that Fayetteville startup's selection to pitch at the 2014 SxSW Eco Startup Showcase.
On Thursday, the UA Newswire reported on Picasolar's latest adventure.
Selection to participate represents quite an honor, and Picasolar -- sister company to IA client firm Silicon Solar Solutions -- will be among 24 startups from around the world competing in the green tech, clean web and social impact categories.
Picasolar, which developed a technology to improve the efficiency of solar cells by 15 percent, will compete in the green tech category.
The competition is scheduled for Oct. 6-8 in Austin, Texas.
Here's more from the UA Newswire:
Picasolar is the only Arkansas company in the overall competition; the greentech category includes companies from California, Illinois, New York and Texas.
Each company presents a four-minute pitch and then engages in a four-minute question-and-answer session with the judges, who will determine the winner. In the past two years, participating companies have gone on to raise more than $27 million in funding and acquire global brands as clients.
Picasolar’s technology, a hydrogen selective emitter invented by chief technology officer Seth Shumate — a doctoral student in the microelectronics-photonics graduate program at the University of Arkansas — could improve the efficiency of solar cells by 15 percent. It is a key innovation in the fastest-growing segment of the fastest-growing energy source in the world.
Picasolar won more than $300,000 in cash while competing for the University of Arkansas at graduate business plan competitions in 2013, including $250,000 for winning the MIT NSTAR Clean Energy Prize. The team incorporated and is now located at the Genesis Technology Incubator at the Arkansas Research and Technology Park in Fayetteville.
Read the full story here.
Keep up the great work, and knock 'em dead in Austin, guys.