Opportunity Hub joins forces with Greater New Orleans, Inc., The Biden-Harris Administration’s Economic Development Administration and Louisiana Economic Development to launch a New Energy Technology Incubator in New Orleans.
Welcome to an equitable future of new energy innovation and climate technology the Fourth Industrial Revolution.
Challenges & Opportunities
Since the invention of the first submersible drilling rig, launching the boom in offshore oil and gas exploration in the Gulf of Mexico and across the globe, South Louisiana has been at the center of energy innovation. Today, South Louisiana is well positioned to bridge to a higher-job, lower-carbon future.
High-growth entrepreneurship and company building is a powerful tool to grow local and global economies while narrowing the racial wealth gap. As a result, an emerging economic development practice called entrepreneurship ecosystem development has increased in focus over the past decade. Entrepreneurship ecosystems are the local culture, individuals, organizations, policies and resources that work interactively to help entrepreneurs start and grow high-growth companies. In this economic development strategy, local developers, known as ecosystem builders, work to build the capacity of the entrepreneurship ecosystem in order to create local economic growth. While the field is new and exciting and has tremendous economic development potential, it has been limited in addressing issues of authentic, sustainable and metrics-driven diversity, equity and inclusion solutions. There is an even greater deficit in equitable representation, culturally contextual programming, frequency and sustainability around ecosystem building in communities with concentrated populations identified by race and ethnicity. For example, less than 1% of all venture capital goes to Black-founded high-growth firms. Black Americans hold approximately 7% of all high-tech jobs. In New Orleans, the percentage of Blacks technologists or Black founders raising capital is less than the national average.
As a definitive solution, Opportunity Hub (“OHUB”) offers cities, economic development corporations, as well as developers, innovation districts, corporations and philanthropic organizations the opportunity to partner with a trusted end-to-end brand, proven best practices and sustainable business models for the development of inclusive innovation, entrepreneurship and investment ecosystems designed to create racial equity in the fourth industrial revolution and beyond. To this end, OHUB is joining forces with Greater New Orleans, Inc. as a part of the H2 the Future Build Back Better Hydrogen Energy Innovation Initiative to launch a New Energy Technology Incubator [NETI].
Definitive Solutions
Inclusive Ecosystem Building
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Join the NOLA ecosystem.
H2TheFuture
Energy Transformation
in South Louisiana
H2theFuture has received approximately $50 million from the Economic Development Administration to transition the regional hydrogen energy sector by closing the cost gap between green hydrogen, produced from renewable energy sources, and other forms of hydrogen used today, which rely on fossil fuels. H2theFuture’s goal is to establish a world-leading clean hydrogen cluster in South Louisiana.
Inc. x OHUB Experience
Request an Invite
June 30th, 2023
Inc. x OHUB Founders Experience is an intimate founder-to-founder space built to forge deeper connections among the extraordinary people starting, running, and growing businesses. For the first time in its history, Inc. joins forces with OHUB to come to New Orleans, Louisiana during the Essence Festival. Download the ecosystem app to be alerted of exclusive details.
Attend our next New Energy Technology Masterlcass experience, live or online
New Energy Technology Masterclass is the monthly authentic networking event and expert speaker series held usually on the 1st Friday of the month in New Orleans, Louisiana. Authentically connect with the region’s emerging diverse, equitable and inclusive technology, startup and venture ecosystem focused on new energy, climate tech, sustainability and beyond. Hear from the nation’s leading venture-backed new energy founders and active venture capitalists.
New Energy
Startup Programming
1 Day Startup
Experience
July 8th, 2023
Apply by July 7th.
OHUB will host 100 new energy startup founders of all stages for its 1 Day Startup Bootcamp in New Orleans and online everywhere from 10A – 4P CT. Application required. Limited capacity. Participation in 1DS is required for consideration for acceptance into OHUB’s High Growth Company Building Certificate which is a pre-requisite for OHUB’s $500,000 Funding Accelerator offered in collaboration with 100 Black Angels & Allies Fund. Apply by Friday, July 7th, 2023.
High Growth Company Building Certificate
Fridays: Oct 6 – Feb 7, 2023
Saturdays: Oct 7 – Dec 2, 2023
OHUB will select 50 new energy startups for enrollment in its four-month, immersive High Growth Company Building Certificate – live in person from New Orleans and online. The main facilitator is Dave Parker, Author, Trajectory Series and Senior Partner, Fearless Fund.
$500,000 Funding Accelerator
January – March 2023
5 high growth new energy startups will be selected to receive an investment of up to $100,000 each and will work with OHUB experts and mentors to fine tune their fundraising pitches, customer acquisition and product roadmap. Pre-requisites include High Growth Company Building Certificate and 1 Day Startup. Founders, please govern yourselves accordingly.
OHUB is committed to building a thriving Black technology, startup and venture hub in New Orleans and beyond.
Ready to start, launch, and scale your new energy and climate tech business?
Our team is ready to help you get started!