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CleanTech Open Overview
 

CleanTech Open Overview

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    CleanTech Open Overview CleanTech Open Overview Presentation Transcript

    • 2010 Program
    • What is the Cleantech Open? • Launched in 2006, the world’s largest clean tech business competition and entrepreneur incubator program • Accelerating businesses in... Air, water, waste Renewable Energy Green Building Transportation Energy efficiency Smart Power & Storage • Supports promising entrepreneurs with training, mentoring and exposure. • Intensive process to ensure promising new technologies don’t fail for lack of good business fundamentals. 2 Cleantech Open Confidential Information – All Rights Reserved
    • Mission Mission: To find, fund, and foster entrepreneurial ideas that address today's most urgent energy, environmental and economic challenges. Cleantech Open creates new jobs and sustainable businesses through hands-on mentoring, workshops and a national clean technology business competition. Additionally, we have a goal to expand into new geographies and build a unified clean technology ecosystem, resulting in 100,000 new clean technology jobs by 2015. 3 Cleantech Open Confidential Information – All Rights Reserved
    • The Model is Working • Since 2006, over 190 teams have competed the program. • Over $3MM of prizes have been awarded. • 80% of companies remain economically viable today • Alumni have raised over $150MM in private capital. Building strong businesses tackling our most pressing environmental needs. 4 Cleantech Open Confidential Information – All Rights Reserved
    • Sample Participant Company Benefits • Mentoring over multi-month process and MBA quality training – Each semifinalist team is assigned a C level generalist mentor – All semifinalist have access to specialist mentors • Opportunities to win “startup in a box” prizes consisting of cash and services valued up to $250,000 – Prizes are awarded at both regional and national levels • Media recognition and investor exposure on national scale • Access to increasingly global Cleantech ecosystem • Benefits of Alumni program for all semifinalists 5 Cleantech Open Confidential Information – All Rights Reserved
    • Successful Alumni Across All Sectors Air, Water, Waste •Earthguard •Microvi Biotech Energy Efficiency •Porifera Green Building •EcoFactor •BottleStone •Adura Technologies •BuildFast •NiLA •GroundSource Geo •Virious Earth Smart Power Transportation •Energy Empowered •ElectraDrive •Lucid Design Group •Mission Motors •Power Assure •Syncromatics Renewable Energy •Focal Point Energy •GreenVolts •1-Solar 6 Cleantech Open Confidential Information – All Rights Reserved
    • What Alumni Are Saying 7 Cleantech Open Confidential Information – All Rights Reserved
    • Alumni Case Study: GreenVolts Business Business Concentrating PV technology. Concentrating PV technology. CTO Recognition CTO Recognition 2006 Renewables Category Award, 2007 Alumni Award 2006 Renewables Category Award, 2007 Alumni Award Where They Were Where They Were •An undeveloped business model with a passion for solar energy. •An undeveloped business model with a passion for solar energy. •Focused on R&D for utilities. •Focused on R&D for utilities. •VC recommended they enter a business plan competition. •VC recommended they enter a business plan competition. Where They Are Now Where They Are Now •30+ employees. •30+ employees. •Received contract from PG&E to build the largest concentrating PV plant in the •Received contract from PG&E to build the largest concentrating PV plant in the world. world. •Secured $30MM in Series B financing. •Secured $30MM in Series B financing. 8 Cleantech Open Confidential Information – All Rights Reserved
    • Alumni Case Study: GreenVolts Bob Cart, CEO: “Investors and potential customers have heard of GreenVolts through the CTO (Cleantech Open). They are instantly confident in us as a company because they know a distinguished group of investors, financiers, technologists and others have reviewed and endorsed our business plan and early activities.” 9 Cleantech Open Confidential Information – All Rights Reserved
    • Expanding Footprint • Regional Competitions – California – Pacific Northwest – Rocky Mountain – North Central • Successful 2009 launches – Pacific Northwest (WA, OR, AK, HI, ID) – Rocky Mountain (CO, MT, UT, WY, AZ, NM) • Continued growth in 2010 – North Central (Iowa, Kansas, Minnesota, Nebraska, North Dakota, South Dakota, Wisconsin) – Other potential roll-outs in ‘10: Northeast, Mid Atlantic, South (Texas) – Internationally (continued growth of Global Ideas Competition) 10 Cleantech Open Confidential Information – All Rights Reserved
    • 2010 Calendar of Program Events Competition Opens January Breakfast Briefings February - March Thought Leaders Summit (in North Central) April/May Innovators Matching and Exec Summary (in North Central) April Competition Entry Final Deadline Mid May Semi-finalist Announcement June Cleantech Open Conference (in CA) July Semi-finalist Academy (in CA) July Business Clinics/Workshops (in North Central) July - August Final Business Plan Due September Regional Judging and Awards October National Judging and Awards (in CA) November National Expo and Awards Gala (in CA) November 11 Cleantech Open Confidential Information – All Rights Reserved
    • Marquee Sponsors Foundations Government Business Venture Capital Academic & National Labs 12 Cleantech Open Confidential Information – All Rights Reserved