IdeaRefinery will not invest directly in the startups but will provide support, office space and executive mentorship.
Oil and gas company Shell has launched a Singapore-based accelerator called IdeaRefinery that will support energy-related technology startups.
Shell has partnered business consultancy company ImpacTech and National University of Singapore’s NUS Enterprise for the 20-week initiative, which aims to bring early-stage startups to the point where they can raise money and grow into healthy businesses.
Shell is interested in startups working on technology that will have an “energy impact,” and cited energy storage and efficiency, sensor-based energy monitoring, energy transportation…
