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 in 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
Download our new mobile app.
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 Collab
Watch The Series
Join The Conversation
Inc. Magazine x OHUB joins forces to highlight the New Orleans, Louisiana Startup Ecosystem. Recorded during OHUB’s 10 year anniversary during the 2023 Essence Festival, these conversations will shift your thinking and inspire you to launch your entrepreneurial dreams. Tap into the OHUB x NOLA ecosystem channel on our mobile app to watch the interview series.
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
Stay tuned for
2024 dates.
OHUB will host two instances of its 1 Day Startup Bootcamp in 2024. Application required. Limited capacity. Participation in 1DS is designed to give you a quick immersive deep dive into what it takes to build a high-growth company that is ready to go to market and venture backable. It is a recommended pre-requisite for OHUB’s Climate Tech Bootcamp and High Growth Company Building Certificate.
High Growth Company Building Certificate
Cohort 2 starts in April.
Cohort 3 & 4 dates will be announced.
OHUB will select 30-35 new energy startups for enrollment in its online two-month, immersive Climate Tech Bootcamp. Five starts from each cohort will be invited to pitch their startups for an investment during a live Demo Day in New Orleans!!!!
Startup Funding
Attend NETI Demo Days
Five Batch 1.0 founders each received $50,000 investments during this year’s NOEW. Going forward, five founders from each cohort will be invited to New Orleans to pitch for $50,000 on the campus of Dillard University and will work with OHUB experts and mentors to fine-tune their fundraising pitches, customer acquisition and product roadmap. Founders will also have the opportunity to work with economic development organizations throughout Southern Louisiana. Pre-requisites include Climate Tech Bootcamp. Founders, please govern yourselves accordingly.
OHUB is committed to building a thriving new energy and climate 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 to the next level.