Lecture at Global Cleantech Summit in Helsinki on September 9th 2015. On how we can build an ecosystem that can support clean tech startups and help us create millions of green jobs in Europe

1. Surfing the Green Wave
How Europe can build an ecosystem to turn our
carbon addiction into new business
Frans Nauta
Global Clean Tech Finland
9 September 2015, Helsinki@fnauta

2. sanderijn cels jorrit de jong frans nauta
Agents of
Change
strategy and tactics for social innovation
Surfing the
Green Wave
2008 2012 2016

3. Climate-KIC Accelerator

4. Data points
• Started in 2012
• 13 cities in CH, D, DK, F, H, I, NL, UK, PL, SP
• 164 teams entered accelerator 2014
• Circa 40% make it to Stage 3
• Portfolio has attracted > 100 M€ in funding

7. Talent
&
Knowledge
Business
Smart
Money
Government
Policy
Interaction

8. Talent
&
Knowledge
Business
Smart
Money
Government
Policy
Interaction
1891
1939

9. Fred Terman @ Stanford

10. Talent
&
Knowledge
Business
Smart
Money
Government
Policy
Interaction
1891 1941
1951
1939

12. Talent
&
Knowledge
Business
Smart
Money
Government
Policy
Interaction
1891 1941
1951
1939 1958

13. Talent
&
Knowledge
Business
Smart
Money
Government
Policy
Interaction
1891 1941
1951
1939 1958
1
5
4
3
2

14. Five ecosystem issues
• Lack of startup culture in academia
• Startup acquisition by corporations
• Government funding beyond paper
• EU Venture Capital
• Leadership issue
1
3
2
4
5

15. Slush EU for Clean Tech1

16. Less R&D subsidies2

17. years to market ➡
R&Dfocus➡
5 10 15 20
Corporations Government
R&D Time Horizon USA Corporations
1970
1980
1990
2000

18. years to market ➡
R&Dfocus➡
5 10 15 20
US Corporations Government
R&D Ecosystem USA
US
Venture
Capital

19. years to market ➡
R&Dfocus➡
5 10 15 20
EU Corporations Government
R&D Ecosystem EU
EU
Venture
Capital

20. Action funding3

21. Action funding3

22. Time for EARPA
• Funding for action
• Challenges model
• Bringing in the best & brightest
• And then kick them out again
➡ Revolving door policy

23. VC asset class
Billion$
0
1000
2000
3000
4000
5000
2009 2010 2011 2012 2013 2014
EU+IS North America Rest of World
Source: Clean Tech Groep, I3 database, 2014
4

24. Israel’s ‘Fincubator’
• Incubator combined with investment fund
• 100 k€ VC, 500 k€ government funding, 30%
• Tender process
• 23 Fincubators
- Market focus
- Regional spread
➡ Corporates are getting in on the action

25. Existential threat &
vision = great things
• USA - 40ies R&D War
• Netherlands - 50ies Water management
• Israel - 50ies Defense
• USA - 60ies Moonshot
• Denmark - 70ies Wind power
• Germany - 80ies Green energy
5

26. Politicians are like VC’s

27. Summarized
• Slush for Clean Tech
• Less R&D subsidies
• Action funding - EARPA
• Fincubators
• Much better sales
1
3
2
4
5

28. Thank you for your
attention
@fnauta