Boulder, Colorado — July 21, 2020 — Hygge Power received an investment from Ideaship, a patent leveraged venture capital firm that provides intellectual property development support for early stage startups. The investment will assist Hygge Power’s mission to develop a smart power outlet and home energy storage device ultimately redefining and optimizing energy consumption.
“New power storage and energy management technologies are absolutely essential to our stewardship of the planet and its inhabitants. We are excited to invest in the founders and support Hygge Power’s mission for an energy mindful future. Ideaship is grateful to be part of Hygge Power’s journey to make our planet a better place,” commented Robert Bell, Ideaship Venture Partner.
“We’ve long recognized the importance of capturing and protecting the intellectual property (IP) associated with our intelligent energy storage hardware and related software. However, as a startup with limited resources, that effort was moving slowly. We were concerned that we might lose the opportunity to protect some important IP if we were not able to move faster. The Ideaship team and process allows us to step on the accelerator pedal now. We are looking forward to our collaboration with Ideaship’s innovation experts and are eager to see what new inventions we are able to capture and what additional company value can be obtained through this partnership,” said Maxwell Lewin, Co-founder and Chief Product Officer of Hygge Power.
About Hygge Power
Hygge Power is a Boulder, Colorado based startup founded in 2017. Hygge Power aims to optimize energy efficiency with their OPO (Orchestrated Power Outlet) to transform how people use, save and manage their electricity. Hygge Power’s OPO is simple to integrate, stores energy from renewable sources, and keeps users electricity protected even during power outages.
Ideaship provides patent development capital for early stage ventures.
Ideaship is a collaboration between Global Technology Transfer Group (GTT Group) and Panasonic Intellectual Property Corporation of America (PIPCA). Ideaship combines GTT Group’s patent experience with PIPCA’s leading patent department expertise, achieving enterprise value premiums.