Successfully reported this slideshow.
Your SlideShare is downloading. ×

2020 Cleantech Open Northeast Impact Report (updated)

2020 Cleantech Open Northeast Impact Report (updated)

Download to read offline

In 2020 Cleantech Open Northeast (CTONE) had the largest cohort ever with 47 startups matched with close to 175 mentors. In mid March we pivoted smoothly to 100% virtual programming. Every single startup received assistance with their participation fees from sponsors in Maine, New Jersey, Rhode Island and Canada, as well as from the Wells Fargo IN2 program at NREL. Each of the four regional winners -- Andluca Technologies, Polycarbin, RenewCO2 and T-Omega Wind -- earned $10,000 in cash. Polycarbin and CLIP were recognized as two of the six National Finalists.

We had a special focus on impact investing with a workshop at the Academy, educational webinars, and the chance for each of the startups to have a one-on-one consultation to measure their impact related to their GHG emissions reduction. We also analyzed and documented the impact of Cleantech Open Northeast. Slide three shows 68% of our startups since 2005 are still in business, employing over 3300 people. The cohorts are becoming increasingly diverse, and we aim to continue that trend.

Trish Fleming was recognized as the Cleantech Open National Volunteer of the Year, and she received the Northeast Lifetime Service Award. Roland Scott was recognized as both National and Northeast Mentor of the Year. Thank you to our long-time Regional Premier Sponsors MassCEC and NYSERDA for your continued support. With the help of many, we are combating the climate crisis, and growing the cleantech economy. With the prospective Biden-Harris administration and your support we hope to do even more!

In 2020 Cleantech Open Northeast (CTONE) had the largest cohort ever with 47 startups matched with close to 175 mentors. In mid March we pivoted smoothly to 100% virtual programming. Every single startup received assistance with their participation fees from sponsors in Maine, New Jersey, Rhode Island and Canada, as well as from the Wells Fargo IN2 program at NREL. Each of the four regional winners -- Andluca Technologies, Polycarbin, RenewCO2 and T-Omega Wind -- earned $10,000 in cash. Polycarbin and CLIP were recognized as two of the six National Finalists.

We had a special focus on impact investing with a workshop at the Academy, educational webinars, and the chance for each of the startups to have a one-on-one consultation to measure their impact related to their GHG emissions reduction. We also analyzed and documented the impact of Cleantech Open Northeast. Slide three shows 68% of our startups since 2005 are still in business, employing over 3300 people. The cohorts are becoming increasingly diverse, and we aim to continue that trend.

Trish Fleming was recognized as the Cleantech Open National Volunteer of the Year, and she received the Northeast Lifetime Service Award. Roland Scott was recognized as both National and Northeast Mentor of the Year. Thank you to our long-time Regional Premier Sponsors MassCEC and NYSERDA for your continued support. With the help of many, we are combating the climate crisis, and growing the cleantech economy. With the prospective Biden-Harris administration and your support we hope to do even more!

More Related Content

Related Books

Free with a 30 day trial from Scribd

See all

Related Audiobooks

Free with a 30 day trial from Scribd

See all

2020 Cleantech Open Northeast Impact Report (updated)

  1. 1. Cleantech Open Northeast 2020 IMPACT REPORT Cleantech Open Northeast | 2020 Impact Report
  2. 2. Letter from the Director Cleantech Open Northeast | 2020 Impact Report In 2020 Cleantech Open Northeast (CTONE) had the largest cohort ever with 47 startups matched with close to 175 mentors. In mid March we pivoted smoothly to 100% virtual programming. Every single startup received assistance with their participation fees from sponsors in Maine, New Jersey, Rhode Island and Canada, as well as from the Wells Fargo IN2 program at NREL. Each of the four regional winners -- Andluca, Polycarbin, RenewCO2 and T-Omega Wind -- earned $10,000 in cash. Polycarbin and CLIP were recognized as two of the six National Finalists. We had a special focus on impact investing with a workshop at the Academy, educational webinars, and the chance for each of the startups to have a one-on-one consultation to measure their impact related to their GHG emissions reduction. We also analyzed and documented the impact of Cleantech Open Northeast. Slide three shows 68% of our startups since 2005 are still in business, employing over 3300 people. The cohorts are becoming increasingly diverse, and we aim to continue that trend. Trish Fleming was recognized as the Cleantech Open National Volunteer of the Year, and she received the Northeast Lifetime Service Award. Roland Scott was recognized as both National and Northeast Mentor of the Year. Thank you to our long-time Regional Premier Sponsors MassCEC and NYSERDA for your continued support. With the help of many, we are combating the climate crisis, and growing the cleantech economy. With the prospective Biden-Harris administration and your support we hope to do even more! Sustainably yours, Beth Zonis, Director, Cleantech Open Northeast, NECEC
  3. 3. Cleantech Open Northeast | 2020 Impact Report Cleantech Open is effective, thriving, and diverse Learn more about Cleantech Open Northeast’s 15 years of impact here.
  4. 4. PROGRAM Cleantech Open Northeast | 2020 Impact Report
  5. 5. $350,000+ Includes cash prizes awarded plus in-kind offers available to startups 2020 Accelerator at a Glance Graduates 172 Mentors matched 65 Expert judges 40 “I wanted to thank you for such an amazing cohort. I can't thank you and the CTO team enough for pairing me up with such amazing mentors. They have truly propelled my business forward so quickly. — Michael Servais, GrubTerra “CTO is life changing. You guys are doing such an impressive and important job!” — Shwan Lamei, Emulate Energy Cleantech Open Northeast | 2020 Impact Report
  6. 6. 2020 Highlights Feb-Mar-Apr | Recruiting May | Cohort Selection Jun | Academy & More Jul-Aug | Accelerator Sept | Final Clinics and Prep for Regional Finals Oct | Regional Finals & Global Forum Nov-Dec | Wrap Up & Prep Kickoff events in Boston, Somerville, New York City, Providence, Philadelphia and virtual info sessions. 75 Applicants 53 Accepted 47 Participants Virtual Mentor Mixer events. Two-day virtual East Coast Academy. Go-to-Market Clinic. Northeast Happy Hour. Financial Modeling Clinic Tell Your Story Clinics Professional video production Webinars about ESG Principles, Lifecycle Analysis, IP and Business Formation Mock Judging Clinic Impact Investing Modeling Webinar and Panel Semi-Final Judging Regional Finals Live Pitch Competition Finalist Mock Judging Global Forum and national pitch competition Release professional videos Begin 2020 Recruitment Release alumni survey. Cleantech Open Northeast | 2020 Impact Report
  7. 7. Events in Numbers Average Number of Event Days per Month 2214 Total Attendees 45 Events, Majority Virtual 6.2 “The two day kickoff was exceptional! I'm honored to be a part of it. I'm sure that it wasn't easy to convert to a virtual event, but you guys made it look like you've done this for years!” — Dean Berg (Founder), Path to a Green Home, regarding the CTO Academy “You made this year’s virtual session look easy, which I'm sure was no small task. Congrats to you and your team!” — Steve Battista (Judge), Anzu Partners, regarding Semi-Finals Judging “That was a great event. Except for missing the snacks, couldn’t have gone better!” — Phil Adams (Mentor), Energy M&A, regarding Mock Judging Cleantech Open Northeast | 2020 Impact Report
  8. 8. Northeast Regional Finals The two-day event on October 1 and October 2, 2020 brought together more than 300 attendees to celebrate the graduation of the 2020 Cleantech Open Northeast Cohort. Forty-seven judges reviewed private pitches during the private semi-finals judging event. The top six companies pitched in front of a live audience. Seven VIP judges — Bhargavi Chevva of Breakthrough Energy Ventures, Ramsay Huntley of Wells Fargo, Jiong Ma of Braemar Ventures, Steve Pike of MassCEC, Pat Sapinsley of Urban Future Lab, Kevin Self of Schneider Electric, and Steve Wolk of NYSERDA — selected the four Northeast regional winners, each of whom won $10,000 in cash, plus additional in-kind offerings. Regional Finalists Regional Winners Cleantech Open Northeast | 2020 Impact Report
  9. 9. 2020 Global Forum Coreshell Technologies of California won the National Grand Prize. Aeromutable of California won the National Runner-Up Prize. Enzinc of Maryland won the People’s Choice Award. The three-day event on October 20, 21, and 23. 2020 brought together 16 Regional Finalists from across the country to compete for the Grand Prize. The six Northeast Regional Finalists: Andluca Technologies, Polycarbin, RenewCO2, T-Omega Wind, Atrevida Science and CLIP, as well as two Runners Up: Harmony Water and Sunthetics, participated and pitched privately to panels of expert judges. Two Northeast teams, CLIP and Polycarbin, advanced to pitch in the National Finals Judging on October 21. The Investor Connect took place over three dates that were split up by cleantech sector. Each company had three one-on-one meetings with local investors from private investment firms, corporates, and government entities. The cohort demonstrated their innovations in a virtual public showcase. Twenty-seven Northeast startups participated in the Expo and Investor Connect. National Winners Cleantech Open Northeast | 2020 Impact Report
  10. 10. STARTUPS Cleantech Open Northeast | 2020 Impact Report
  11. 11. The 2020 business accelerator cohort consisted of 40 cleantech startups plus 5 development teams Cleantech Open Northeast | 2020 Impact Report
  12. 12. The 2020 business accelerator cohort consisted of 40 cleantech startups plus 5 development teams Cleantech Open Northeast | 2020 Impact Report
  13. 13. Geographic Breakdown of 2020 Cohort New York 13 Pennsylvania 3 Massachusetts 12 Rhode Island 1 New Jersey 6 Canada 5 Cleantech Open Northeast | 2020 Impact Report Maine 2 Vermont 2 Florida 1
  14. 14. National Finalist & Regional Finalist: CLIP CLIP is a portable e-motor that transforms your own/shared bike to an e-bike instantly thanks to its proprietary auto-grip handle. Instead of positioning e-motors on bikes as a permanent feature, their unique approach provides e-motors as an on-demand upgrade. Clip's business model is Direct to Consumers, online sales initially. Cleantech Open Northeast | 2020 Impact Report "We are so fortunate to have been able to participate in the Cleantech Open!" — Somnath Ray, CLIP
  15. 15. National Finalist & Regional Winner: Polycarbin is a software-enabled sustainability company attempting to capture the three billion lbs. of scientific plastic in the biomedical waste streams of today and turning it into the lab products of tomorrow. They accomplish this mission utilizing a front-end diversion system informed by waste analytics. Polycarbin diverts this stream of plastic and converts it into laboratory products valued at $25.00/lbs, turning scrap worth hundreds of millions into laboratory products worth tens of billions. Cleantech Open Northeast | 2020 Impact Report “Cleantech Open helped Polycarbin to better quantify our impact and monetize our mission.” — James O’Brien, Polycarbin
  16. 16. Regional Winner: Andluca, a Princeton University spin-out, has developed UV-solar-powered smart glass for improving the energy efficiency of buildings. Andluca’s patented UV solar- powered smart glass can reduce building energy use by up to 30% and improve occupant productivity by 2+% compared to traditional windows. Unlike competing electrochromic glass products, which are wired, Andluca’s wireless smart windows can be easily installed in existing buildings, which make up 40% of US consumption. "Thank you to the CTO leadership team! With the support of our amazing mentors, Andluca identified game-changing customers, deepened our investor pipeline, and refined our go-to-market plan. To other entrepreneurs reading this - go for it! CTO is time well spent, and the alumni network is already paying dividends." — Nick Davy, Andluca Technologies Cleantech Open Northeast | 2020 Impact Report
  17. 17. Regional Winner: CO2 is a massive waste product of many industries and is emitted to the atmosphere on the scale of 300 billion tons/year globally, causing major environmental damage, losses in agricultural productivity, and health. RenewCO2’s disruptive technology uses the direct electrochemical CO2 reduction reaction to produce precursors (monomers) of some of the major polymers and chemical feedstocks used today. “Our participation in Cleantech Open (CTO) accelerated our business development exponentially. As first time entrepreneurs, the only thing that was as valuable to us as the program content was the advice from our mentor team and the connections to the community. CTO helped us get the first calls with 20% of the major customers in our industry to validate our business model and perform our market analysis." — Anders Laursen, RenewCO2 Cleantech Open Northeast | 2020 Impact Report
  18. 18. Regional Winner: Offshore wind could supply all US electricity via 120,000 10MW turbines, but existing units are so expensive ($35M each) that electricity must be subsidized down to $0.07/kWh. T-Omega Wind’s patent pending design uses existing blades and a new tower/base. The cost is $10M, electricity $0.04/kWh. Thousands a year are buildable by existing small businesses with little investment. “We have been impressed with the operation throughout Cleantech Open. The staff runs a remarkably tight ship and have developed an inspired program to accelerate ideas like ours. We're grateful for that!" — Andy Myers, T-Omega Wind Cleantech Open Northeast | 2020 Impact Report
  19. 19. Regional Finalist: Atrevida Science has the patent and licensing rights for an active morphing wind turbine blade. Their blade adapts to an optimal shape based on wind conditions. This capability increases efficiency, mitigates loads, and improves stability. Bigger blades, environmentally unfriendly static designs and insistence on land- based systems are the old paradigms. Their blade delivers active control and is the new paradigm. Cleantech Open Northeast | 2020 Impact Report “Atrevida Science is working hard to bring novel blade technology to the offshore wind industry and Cleantech Open was exactly the shot in the arm we needed. Our hard work and their incredible program of curriculum, mentors, networking, and support propelled us forward and we are grateful for it!" — Claudian Maldonado, Atrevida Science
  20. 20. Company Development Program (CDP) The Cleantech Open Company Development Program provides development support for a limited number of very early stage companies. CDP companies can take advantage of workshops and clinics while they work with their mentor. Companies that participate in the CDP program are eligible to apply to participate in the full CTONE accelerator in a succeeding year. 5 CDP Participants “CTO was a fabulous experience and a lot of fun for team Greenovation. A big thank you to other CTO mentors who helped as well with my pitch deck presentation, legal affairs and financials.” — Kathleen Hefferon, Greenovation (CDP team) “We really enjoyed the CTO program, thank you so much for the amazing work you put into organizing!” — Chui-Lian Lee, Werewool (CDP team) Cleantech Open Northeast | 2020 Impact Report
  21. 21. ENTREPRENEUR SATISFACTION Cleantech Open Northeast | 2020 Impact Report
  22. 22. Alumni Engagement 436Total Cleantech Open Northeast Alumni Alumni in the 2020 News 95+ Alumni referenced in 2020 social media 27 Alumni who took on a new active CTO role for the 2020 accelerator 80+ Cleantech Open Northeast | 2020 Impact Report
  23. 23. Anax Power (2019) $2.4M Awarded by ERA New Jersey Alumni Fundraising Highlights (1 of 2) GrowFlux (2020) BlocPower (2013) $100K Awarded by Exelon Foundation Pennsylvania, New York Radical Plastics (2019) $1.4M Raised from Good Growth Capital New York Blackburn Energy (2014) $2.1M Raised from Geekdom Fund Massachusetts SparkCharge (2016) $3.3M Raised from Point Judith Capital, $1M Raised from Shark Tank Massachusetts Enersion (2019) $1.8M Awarded by ERA Canada AeroShield (2019) $400K Awarded by MassCEC BRIDGES Massachusetts Cleantech Open Northeast | 2020 Impact Report
  24. 24. Teratonix (2019) $100K Awarded MassChallenge Diamond Winner Massachusetts Alumni Fundraising Highlights (2 of 2) Onvector (2018) $500K Awarded By EPA SBIR USAF Masscahusetts and Pennsylvania Natel Energy (2005) $11M raised from Schneider Electric and Breakthrough Energy Ventures California Magnomer (2018) $200k raised from TBD Angels Massachusetts Quatcare (2019) $15K Recipient of Cleantech Open Resiliency Challenge New York Capro-X (2018) $100K Awarded By EPA SBIR New York Muon Vision (2020) $266K raised from NSF Massachusetts Cleantech Open Northeast | 2020 Impact Report
  25. 25. Alumni in the News (1 of 2) Cleantech Open Northeast | 2020 Impact Report
  26. 26. Cleantech Open Northeast | 2020 Impact Report Alumni in the News (2 of 2)
  27. 27. Cleantech Open Northeast | 2020 Impact Report Read more about Cleantech Open Northeast alumni in the news here.
  28. 28. COMMUNITY Cleantech Open Northeast | 2020 Impact Report
  29. 29. Mentor Program 172 Mentors matched to a team this year 97 315+ Active volunteers Mentors returning from the previous year “I will forever treasure my experience knowing CTO’s professional caliber staff. CTO mentors and advisors have taught me more about entrepreneurship than business school or family business.” — Julie Liu, Founder, Centsible House “I love being a Cleantech Open mentor! It’s fun and I know I’m making an impact. I’m learning a lot from the other mentors, and the team is brilliant. It’s a great concept.” — Amy Perlmutter, Mentor Cleantech Open Northeast | 2020 Impact Report
  30. 30. 2020 Lifetime Service Award Trish is the Director of Mentoring at North Shore InnoVentures, a technology business incubator that nurtures innovative early-stage companies in the biotech and clean tech sectors. Trish has been dedicating her time and expertise to wear many hats in the 2020 Cleantech Open program. In addition to being a vital member of the Mentor Committee, she has served as mentor, judge, mock judge, advisor and speaker throughout the program. In 2020, Trish was the Lead Mentor for Atrevida Science. Thank you Trish, we couldn't do all of this without you! Mentor for Atrevida Science TRISH FLEMING “It is so rewarding to see the business and leadership growth of the CTO participants. As a mentor, you get the immediate reward of working with a team, but you also appreciate all the time, energy, and thoughtfulness that the professional staff and leadership bring to making the program work for you and your teams.” — Trish Fleming, Mentor Cleantech Open Northeast | 2020 Impact Report
  31. 31. 2020 Lead Mentor of the Year “CTO provides a fabulous service to cleantech entrepreneurs. Plus, I have found the mentoring experience both personally rewarding and a great way to improve my skills as a leader. I highly recommend the experience to entrepreneurs and mentors alike.” — Deborah McConchie, Mentor Mentor for Greenovation DEBORAH MCCONCHIE “I joined Cleantech Open to explore possible commercial applications of some research I had developed in an academic lab. I am leaving with a pitch deck, a lot more confidence and a clear path for the future of this company. I would not have advanced this far without the support and guidance of Deborah.” — Kathleen Hefferon, Founder, Greenovation Deborah has been a Cleantech Open Mentor since 2018, as a Generalist Mentor and CDP Mentor. Cleantech Open Northeast | 2020 Impact Report
  32. 32. 2020 Lead Mentor of the Year “I am excited to be a CTO mentor not just because of the reward in learning about new sustainability solutions, but involvement at a very personal level with dynamic passionate individuals.” — Roland Scott, Mentor Mentor for GSR Solutions ROLAND SCOTT Roland Scott is an energy and management consultant and specializes in investment due diligence and business development advising. He is a NYSERDA (New York State Energy Research and Development Authority) Entrepreneur-in-Residence supporting energy start-ups. He has been a lead mentor with Cleantech Open since 2018. In 2020 Roland mentored GSR Solutions. Cleantech Open Northeast | 2020 Impact Report
  33. 33. 2020 1st Year Lead Mentor of the Year Mentor for ADC Technologies In his first year as a CTONE mentor, Steve Moritz was recognized as 2020 Lead Mentor of the Year. Steve is the founder & CEO of Encentive Energy, with expertise in Negotiation, Strategic Planning, Team Building, Energy Efficiency, and Management. In 2020, he was the Lead Mentor for ADC Technologies. STEVE MORITZ “The mentor program really helped us keep an eye on our goal, and Steve was relentless in making sure we were thinking about exactly what our business would look like when it was profitable and how we were going to deliver value to both customers and investors.” Cleantech Open Northeast | 2020 Impact Report “As the founder and CEO of a 10 year old cleantech company, I know firsthand how much of a struggle it is to bring cleantech solutions to full scale in the market. I volunteer as a mentor because Cleantech Open has a fantastic model that gives every startup company the chance to get high quality technical and business feedback that dramatically accelerates their opportunity for success." — Steve Moritz, Mentor — Niall Davidson, Founder, ADC Technologies
  34. 34. SUPPORTERS Cleantech Open Northeast | 2020 Impact Report
  35. 35. National Sponsor Cleantech Open Northeast | 2020 Impact Report
  36. 36. Regional Premier Sponsor MassCEC Cleantech Open Northeast | 2020 Impact Report “Massachusetts has aggressive plans to reduce greenhouse gas emissions and mitigate the impacts of climate change. To do so quickly and cost-effectively, we need to develop new technologies and new ways of doing business. Cleantech Open Northeast supports these next-generation companies and is a critical component of the innovation ecosystem that will help deliver our clean energy future.” — Stephen Pike, CEO, Massachusetts Clean Energy Center
  37. 37. Regional Premier Sponsor NYSERDA “NYSERDA is proud to support Cleantech Open Northeast and the growing number of innovators participating in their programming as part of New York’s efforts to scale up the cutting-edge low- carbon technologies we need to achieve Governor Cuomo’s nation-leading goals under the Climate Leadership and Community Protection Act. This program provides a forum that accelerates the product development and market entry phases to foster healthier communities, cleaner air, and lower costs, while delivering solutions that help all sectors shrink their carbon footprint.” — Doreen M. Harris, Acting President & CEO, NYSERDA Cleantech Open Northeast | 2020 Impact Report
  38. 38. Northeast Regional Affiliate NECEC NECEC leads the Cleantech Open accelerator and business plan competition in the Northeast. "For 15 years, Cleantech Open Northeast (CTONE) has provided a supportive and inspiring environment for startups to start, scale, and succeed. NECEC is a proud affiliate partner of Cleantech Open Northeast and its community of entrepreneurs who are taking bold steps to address our world's biggest environmental and energy challenges. While 2020 was a year unlike any other, Cleantech Open Northeast has continued to accelerate success for its diverse cohort of startups through virtual programming and mentorship, and we are thrilled to celebrate CTONE's success and impact this year." — Peter Rothstein, President, NECEC Cleantech Open Northeast | 2020 Impact Report
  39. 39. Regional Silver Sponsors Cleantech Open Northeast | 2020 Impact Report
  40. 40. Cleantech Open Northeast | 2019 Impact Report Regional Bronze Sponsors Cleantech Open Northeast | 2020 Impact Report
  41. 41. Contributors & Northeast Network Sponsor Cleantech Open Northeast | 2020 Impact Report Contributors Northeast Network Sponsor
  42. 42. In-Kind Sponsors Cleantech Open Northeast | 2020 Impact Report
  43. 43. 2020 CTONE Interns Kristen Chen Rachel MacIntosh Emrich Stellar Dom Pastorelle Thank you to our remarkable interns who contributed to the success of the 2020 CTONE program Cleantech Open Northeast | 2020 Impact Report
  44. 44. Cleantech Open Northeast STAFF Beth Zonis Regional Director BZonis@cleantechopen.org Tricia Dinkel Program Manager TDinkel@cleantechopen.org Cleantech Open Northeast | 2020 Impact Report
  45. 45. Cleantech Open Northeast | 2020 Impact Report

Editor's Notes

  • 2020 Unocup: https://www.fastcompany.com/90547647/unocup-innovation-by-design-2020
    2013 BlocPower: https://www.npr.org/2020/10/18/916586592/fighting-climate-change-one-building-at-a-time
    2015 Solstice https://podcasts.apple.com/us/podcast/the-energy-gang/id663379413
    Saitec: https://spectrum.ieee.org/energywise/energy/renewables/saitec-rwe-test-floating-wind-turbines
    Scanifly: https://www.solarpowerworldonline.com/2019-solar-software-monitoring-products/
  • GreenChoice mentioned in CNN: https://www.cnn.com/2020/08/24/health/eco-friendly-foods-wellness/index.html
    SomEV: https://www.bizjournals.com/boston/inno/stories/profiles/2020/09/10/somev-electric-mopeds-scooters-preorder-fall.html
    Sunthetics: https://www.inc.com/profile/daniela-blanco
    SparkCharge:
    https://buffalonews.com/news/local/sparkcharge-secures-1-million-from-shark-tank-investors/article_67e1685e-120f-11eb-b677-3fb4adab1d29.html





×