THE FINE PRINT
After the scouting & vetting process, how do we move Upward?
Upon receiving our Enterprise Partner's written interest in your solution, Upward will charge your startup an up-front cost of $50,000, which can be paid in cash or as a convertible note*.
An invaluable opportunity to pilot and/or partner with an Upward Enterprise Partner that has selected your company's solution as a match for their business challenge.
Pilot support from Upward, including: participation in Partner meetings, use case design, installation, optimization, and pilot review.
Direct support in navigating commercialization discussions with Partners
- 24/7 access to local co-working space
Living accommodations for up to 3 months
*Note: The convertible note option will carry 8% interest and 20% discount.
What happens after a successful pilot and/or Enterprise Partnership?
After a successful first corporate relationship, you will be invited to join the Upward Network, granting you access to our network of Enterprise and Venture Partners across the United States.
How does Upward benefit?
All deals finalized as a result of Upward are subject to a reseller fee of 30%, effective for 3 years from the start of commercialization (i.e. post-pilot). This reseller fee includes any and all subsequent deals with the same Enterprise Partner/client.
Heating ventilation and air-conditioning (HVAC) systems maintain thermal comfort and air quality at offices, businesses, and homes. Due to the worldwide surge in consumption, energy conservation has become a critical issue. In the U.S. alone, HVAC systems account for over 30% of the electricity consumed by households.
An Upward Enterprise Partner is looking for advanced technologies that minimize energy consumption and help the environment. Innovation in sensors and data collection, efficient cooling systems, energy storing, and harnessing different renewable energy sources could be a solution for energy efficiency in HVAC.