Quantum Energy is a software service in the energy industry that is helping finance and organize the future of energy while optimizing economic, environmental and health outcomes.
Their platform is creating a more sustainable future and maximizing business’s financial outcomes by bringing new data-driven insights to energy decision-makers.
The idea for the startup originated after co-founder Andrew DeMille, multi-exit Software as a Service (SaaS) startup founder, reconnected with his friend and co-founder Dr. Daniel Howard, who has a Ph.D. in Energy and Environmental Engineering.
With DeMille’s and Dr. Howard’s combined passion for the environment, they recognized the importance of considering potential impacts on our health and planet when making energy decisions.
DeMille was involved with the Cal Poly’s Center for Innovation and Entrepreneurship (CIE) Small Business Development Center (SBDC) through his previous software company, CoachNow. The SBDC introduced DeMille to the CIE Incubator program.
The CIE’s two-year Incubator program helps develop early-stage startups into financially secure and scalable enterprises. Entrepreneurs in the Incubator program are provided with mentorship, funding opportunities and other resources to develop their business.
Since joining the Incubator, DeMille has benefitted from advice given by mentors and peers to combat startup challenges. He described the Incubator process as “invaluable.”
“Being able to come in and have access to a network of peers who are also building startups, also going through the trials and tribulations and sharing successes together. That has been super, super helpful,” DeMille said.
In addition to helping Quantum Energy co-founders expand their network, the Incubator also connected them with fundraising opportunities.
Following the Incubator, Quantum Energy competed in, applied and was accepted as a top six finalist in the SBDC’s annual AngelCon pitch competition which hosts six tech-based startups in an annual pitch competition to win $100,000+ in equity-backed funding.
Quantum Energy competed as a finalist in AngelCon 2023 and won the Audience Choice Award, receiving $1,300 in prize money from the crowdfunding campaign.
“The Audience Choice Award means so much to us,” DeMille said. “It just felt like an acknowledgment of a solution whose time has come.”
DeMille said the Incubator program helped him prepare to pitch at AngleCon. Receiving feedback from different angles and experts demystified the presentation of their startup, he explained.
Quantum Energy is now working on an initiative to add a new purchaser-caused avoided emission impact label to the renewable energy credit market. This label will be applied to energy so that, for the first time, businesses can make healthy decisions for profit, people and the planet.
DeMille thanks the Incubator program for helping Quantum Energy build momentum and encourages entrepreneurs to apply.
“There is nowhere else that I can imagine where you can get this level of access to resources and support as a startup founder to move forward and to make your vision a reality,” DeMille said.