Based in Houston, SURGE connects energy-oriented startups with experts and serious money. The program ends with a pitch day for 600 investors and customers, including Shell, Halliburton, Austin Ventures and angel investors. The accelerator takes a 6% stake for a $30,000 investment (plus an optional $50,000 convertible note).
"We wouldn't be where we are without everything Surge did for us," says Jitesh Chanchani, CEO of drillMap, which created data mining software for oil and gas drilling. Investors, including ConocoPhillips (, backed drillMap with $6.5 million. )