Silicon Valley Technology Partners
(SVTP) recently was invited to join the prestigious StartX Accelerator, an educational non-profit that accelerates the development of Stanford's
top entrepreneurs through experiential education and collective intelligence. SVTP is also qualified to participate in the
Stanford-StartX Fund, which provides 10% of a venture capital investment round
over $500,000 led by professional investors.
Doug Ricket, SVTP Founder |
SVTP Founder Doug Ricket is enthusiastic about the
opportunity, saying “StartX is a phenomenal non-profit that has helped over 160
companies find and fulfill their full potential from product development to distribution
to end user experience. We are excited about the next step in the development
of the SVTP product line with StartX.”
Ricket completed his MBA from Stanford University, an
affiliation that allowed for SVTP to apply to the highly competitive program, which
is funded by the University to help businesses just like Ricket’s. Ricket also holds a Masters Degree from MIT
and five patents.
“We apply human-centered thinking to emerging markets in
the form of energy-producing products like our motorcycle-to-phone charger, our
solar powered phone charger and high quality power banks,” said Ricket. “Our product innovation, when combined with
the expertise and energy of StartX, will only continue to blossom. We intend to
change the lives of the billions of hand-held phone users whose access to
electricity is unreliable. By enabling their mobile phones to charge using
resources like the sun or their motorcycles for charging, our end user can be
more connected to their support groups, to information about their community,
or even to health care providers.”
In over four years, the StartX has received
applications from over 2,600 Stanford founders comprising over 1000 companies.
Of these, over 160 companies have graduated from the accelerator program, and
over 80% of the participating founders’ companies are funded and growing.
Silicon Valley Technology Partners is a
social enterprise from Stanford University. We design, manufacture, and
distribute high-quality products that improve quality of life in the developing
world. Current products for developing
countries are solar power phone chargers and motorcycle-to-phone chargers. Power Bank products are the newest additions
to the SVTP product line.
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