Capacitech Energy, LLC (Capacitech) is manufacturing and selling a cable-based capacitor (CBC) technology. Applications include power electronics of clean-tech markets and backup power systems. We sell the CBC to distributors and help end-users leverage its value propositions.

We learned through the regional and national Icorps program that the electronics industry is mature and is very competitive. Specifically, the power electronics used in the Information Technology industry are particularly competitive. These products are competing in two ways:

1. Smallest Size
2. Lowest Cost

Capacitors are often identified as a major road block to these miniaturization efforts.

Capacitors come in many shapes, sizes, and serve different purposes in just about every electronics device out there. Our customer interviews helped us realize that the diversity of capacitors required on today's products are creating large inventory costs (20% their retail value) for distributors. This makes cap...
Capacitech Energy, LLC (Capacitech) is manufacturing and selling a cable-based capacitor (CBC) technology. Applications include power electronics of clean-tech markets and backup power systems. We sell the CBC to distributors and help end-users leverage its value propositions.

We learned through the regional and national Icorps program that the electronics industry is mature and is very competitive. Specifically, the power electronics used in the Information Technology industry are particularly competitive. These products are competing in two ways:

1. Smallest Size
2. Lowest Cost

Capacitors are often identified as a major road block to these miniaturization efforts.

Capacitors come in many shapes, sizes, and serve different purposes in just about every electronics device out there. Our customer interviews helped us realize that the diversity of capacitors required on today's products are creating large inventory costs (20% their retail value) for distributors. This makes capacitor inventory cost a $6B problem in the world. Our buyer, the distributor, must keep hundreds of different capacitors in inventory at all time. We are looking to change this with the CBC technology which is a capacitor that can be controlled as a function of length. This means distributor can buy a single spool of the CBC wire in inventory then cut it to whatever length matches their customer’s order.

Using the CBC reduces inventory costs and lead times. It also helps end-users reduce the size of their products and can complement batteries! The CBC can be embedded in the wires connecting different sources to their load. In doing this, the quality of power is greatly improved while the CBC also acts as a cable-based uninterruptible power supply (UPS) system. If there are batteries involved, like in a solar power system or an electric vehicle, then the CBC can take stress off the batteries due to fluctuations in the load. This will extend the operating life of the battery reducing the cost of ownership.
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2018 StarterStudio Seed Fund Accelerator
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Employees

Joe Buffa
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Isaiah Oladeji
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Isaiah Oladeji

Recommendations

Cameron Ford Executive Director at Blackstone LaunchPad at UCF

I am so excited about Joe's potential as an entrepreneur that I've hired him to serve as a Student Fellow at the Blackstone LaunchPad at UCF. I first met Joe as a LaunchPad client and was immediately impressed with his uncommon maturity, discipline and facility with both science and business concepts. He's also really likeable and the kind of person that others are anxious to help. I then watched him excel in our UCF I-Corp program sponsored by the NSF. He fully engaged hard-core lean startup processes, learned about new applications of his technology, and eventually won the UCF Business Model Competition (he competed in the International BMC in Seattle in May). He continued to develop his business model and infused it with improved financial modeling, and won our $75,000 Joust New Venture Competition this April. I simply can't say enough postiive things about Joe as a young entrepreneur, and I'm excited about the potential impact that Capacitech may have in many applications.

Oscar Rodriguez

I became acquainted with the Capacitech team while I was an instructor for the NSF Innovation Corps class that was conducted at the University of Central FL. I am a 30+ year technology business executive, a nationally certified I-Corps instructor and have been working with a variety of start-up teams over the past several years. During my time teaching and observing the Capacitech team, I found them to be cohesive and focused on the success of their start-up. They were very open to customer input on their initial idea and conducted customer discovery according to the Lean Start-up approach. As such, they are now at the point where they feel they have found product/market fit. They have subsequently gone on to do additional work post the 5 week I-Crops program and their continuing focus on customer discovery is significant. They have matured to the level of having won the latest competition at the UCF business school (The Joust). I highly recommend them for consideration

Canan Balaban Associate Director, FESC at University of Florida

I met Joe Sleppy during the 2015 Florida Energy Summit where he was in attendance as a student. Joe did not hesitate to introduce me to his company and began talking to others in attendance about problems they face in the energy industry. After spending a few days with Joe at the conference it was clear to me that he was highly motivated, well-spoken, energetic, and had a good handle on the development of his business. I believe Joe’s dedication to customer discovery and passion for energy storage technology will lead Capacitech to success. For these reasons I believe that Joe’s venture, Capacitech Energy LLC, will be a great addition to the FireSpring program!

Dan Gamota

I am writing this Letter of Support on behalf of Mr. Sleppy for the application that he submitted to FireSpring Fund: Capacitech Energy, LLC. Mr. Sleepy and I had a preliminary discussion to assess the potential for collaboration to develop a scalable manufacturing process for the commercial launch of the Capacitech innovative cable-based super capacitor. He recently met with my engineering team at the Jabil site in St. Petersburg, FL to provide an overview of his venture, to discuss the market opportunity, and to establish a baseline for the development progress to date. Mr. Sleppy is a dedicated entrepreneur who has an appreciation for the key tasks that must be completed quickly for venture success. I look forward to advising him as he leads his venture through the stages of commercial success e.g. technical due diligence, market intelligence, and letters of recommendation.

Sincerely,
Daniel Gamota, PhD
Vice President, Global Engineering & Technology Services, Jabil, Inc.

Richard Fox Advisor at Direct Audio

Capacitech Energy has jumped out of the starting box with some first-place wins at start-up contests. These wins reflect not only an interesting technology and market, but also a team which listens well to mentors, makes sound business decisions, and clearly articulates their business plans and opportunities.

Bruce Wang Director at MICROJIG Inc.

Capacitech is building an interesting and viable company with expansive market opportunities. Their technology is distinctive and has the opportunity to alter the course of the portable energy industry. They're focus on military-based products is a noble and lucrative beachhead customer base. I'm notably impressed with the leadership particularly Joe Sleppy who I've found to be intellectually rigorous, formidably strong-willed, and savvy in business strategy--a rare and necessary combination among young technology founders seeking to pioneer innovation. It's exciting to see the traction this company is getting amongst potential customers, engineering community members, and a self-built entrepreneurial/investor network. I wouldn't bet against them.

Mike ODonnell Chairman and Vice President at FAN Fund

I am excited to support Joe Sleppy and his company Capacitiech for F6S. Joe is doing a great job in utilizing all available resources at his disposal to validate his science, business concept, and develop a viable go to market strategy. Joe participated in I Corps, a national science foundation lean start up program, the UCF Joust, a University wide competition where he placed first, and he was a model student in GEB 4111, New Venture Finance, where he received a grade of A.

Joe can be often be seen at one of the various Orlando tech community networking or educational events where he is interacting with peers, industry experts, mentors and educators, focused on learning anything and everything that can assist him in his mission.

He will be a great addition to the F6S program.