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Cleantech Open Northeast 2016
Impact Report
Letter from the
Director
Cleantech Open Northeast l 2016 Impact
Report
2
Ignite Clean Energy is
formed out of the MIT
Enterprise Forum
2005
Ignite Clean Energy merges
with the national Cleantech
...
PROGRAM
Cleantech Open Northeast l 2016 Impact
Report
4
Year in Review
in prizes awarded
mentor matches made
startups served
$91,000
104
38
Cleantech Open Northeast l 2016 Impact...
98%
Entrepreneur Satisfaction
of entrepreneurs since 2015 would recommend the program
to a fellow entrepreneur
Cleantech O...
Strategic Partner Network
Cleantech Open Northeast l 2016 Impact
Report
7
“Cleantech Open Northeast
gathers the top clean ...
Impact of Events
726
2097total attendees
connections reported by attendees
Cleantech Open Northeast l 2016 Impact
Report
8...
Cleantech Open Northeast l 2016 Impact
Report
9
“Founding a company is not easy. Founding a cleantech company is even
hard...
Innovation Expo & Awards Night
This full day event brought together more than 250 people from the
Northeast cleantech busi...
Cleantech Open Northeast l 2016 Impact
Report
11
STARTUPS
Startup Class of 2016
Cleantech Open Northeast l 2016 Impact
Report
12
2016 Regional Finalist
2016 National Water Honor
Cleantech Open Northeast l 2016 Impact
Report
13
GreenBlu is blue water f...
2016 Regional Finalist
2016 National Energy Efficiency Winner
Cleantech Open Northeast l 2016 Impact
Report
14
Proper Pipe...
2016 Regional Finalist & Northeast
Sustainability Award Winner
2016 National Sustainability Honor
Cleantech Open Northeast...
2016 Regional Finalist & Northeast Crowd Favorite
2016 National Business Model Honor
Cleantech Open Northeast l 2016 Impac...
First Strategic Partner Prize
Winner
Cleantech Open Northeast l 2016 Impact
Report
17
SHAREnergy is the first voluntary en...
Cleantech Open Northeast l 2016 Impact
Report
18
Alumni Impact
$1.2
billion raised
$187
million in revenue
309
graduated s...
Cleantech Open Northeast l 2016 Impact
Report
19
COMMUNITY
Impact of Mentor Program
Cleantech Open Northeast l 2016 Impact
Report
20
“CTO chose a panel of mentors that
was perfectly...
Cleantech Open Northeast l 2016 Impact
Report
21
Lindsay Drogin
2016 Volunteer of the Year
VP - Leveraged Finance & Financ...
Cleantech Open Northeast l 2016 Impact
Report
Featured Volunteers
22
Lilly Belanger MD Sakib
Distributed Energy Resources ...
Cleantech Open Northeast l 2016 Impact
Report
23
Nicholas Hill
2016 Mentor of the Year
Owner, Hill Energy Services LLC
“Ov...
Featured Mentors
Cleantech Open Northeast l 2016 Impact
Report
24
Manoj Rengarajan Christine Jauregui
“From the first few ...
Supporters
Cleantech Open Northeast l 2016 Impact
Report
25
SUPPORTERS
Cleantech Open Northeast l 2016 Impact
Report
26
Cleantech Navigate Northeast
In 2016, Cleantech Navigate Northeast, NECEC...
Premier Sponsors
Cleantech Open Northeast l 2016 Impact
Report
27
MassCECNYSERDA
“Once again Cleantech Open Northeast has ...
Our Sponsors
Cleantech Open Northeast l 2016 Impact
Report
28
Our Partners
Cleantech Open Northeast l 2016 Impact
Report
29
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2016 Cleantech Open Northeast Impact Report

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Learn more about Cleantech Open Northeast's accelerator by reading about the startups, mentors, partners, and sponsors involved in the program. This report contains specific details about the 2016 program.

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2016 Cleantech Open Northeast Impact Report

  1. 1. Cleantech Open Northeast 2016 Impact Report
  2. 2. Letter from the Director Cleantech Open Northeast l 2016 Impact Report 2
  3. 3. Ignite Clean Energy is formed out of the MIT Enterprise Forum 2005 Ignite Clean Energy merges with the national Cleantech Open organization for enhanced impact and visibility 2010 2016 2015 2012 2014 Over a Decade of Impact Cleantech Open Northeast expands beyond New England to New York, New Jersey and Pennsylvania rebooting a truly regional accelerator Cleantech Open Northeast announces formal alliance with the Northeast Clean Energy Council (NECEC) to expand services to alumni. Cleantech Open announces 8 new global accelerators in partnership with UNIDO Cleantech Open Northeast celebrates its 10th anniversary with 285 total startup graduates. Tank Utility, a Northeast startup wins the National Grand Prize Cleantech Open Northeast attracts highest ever number of startup applicants to accelerator program. NECEC becomes Cleantech Open’s Northeast regional affiliate, strengthening collaboration 3 Cleantech Open Northeast l 2016 Impact Report
  4. 4. PROGRAM Cleantech Open Northeast l 2016 Impact Report 4
  5. 5. Year in Review in prizes awarded mentor matches made startups served $91,000 104 38 Cleantech Open Northeast l 2016 Impact Report 5
  6. 6. 98% Entrepreneur Satisfaction of entrepreneurs since 2015 would recommend the program to a fellow entrepreneur Cleantech Open Northeast l 2016 Impact Report 6
  7. 7. Strategic Partner Network Cleantech Open Northeast l 2016 Impact Report 7 “Cleantech Open Northeast gathers the top clean tech start- ups in the Northeast around a series of exciting events every year, that create an unparalleled opportunity for members of NECEC's Strategic Partner Network to participate as judges, to keep an eye on emerging trends in the industry and to network with a cross section of the cleantech ecosystem.” - Alistair Pim Corporate Development Executive, NECEC NECEC "Shell's involvement with Cleantech Open Northeast and sponsorship of the inaugural SPN Prize enabled us to meet the latest cutting-edge cleantech start-ups in the Northeast, as well as demonstrate our commitment to open innovation. We look forward to continued collaboration with CTONE and their program’s promising cleantech startups.“ -Nathan J Fink Venture Investor, Shell Technology Ventures Shell "Partnering with CTONE allowed Schneider Electric to monitor the latest developments in the innovation ecosystem and demonstrate our interest in startup partnerships. We valued our ability to collaborate with CTONE partners through sponsorship of the Strategic Partner Network (SPN) prize. There is so much going on in the Northeast and this program is the best way to be fully immersed in it.“ - Scott Daniels Energy Storage & Microgrids Office of the CTO - Edison Expert, Schneider Electric Schneider Electric
  8. 8. Impact of Events 726 2097total attendees connections reported by attendees Cleantech Open Northeast l 2016 Impact Report 8 90% attendees reported that they wanted to attend again
  9. 9. Cleantech Open Northeast l 2016 Impact Report 9 “Founding a company is not easy. Founding a cleantech company is even harder. Cleantech Open provided my company tools and the network that made taking the first steps of my start-up easier. The sessions, events, and being surrounded by fellow cleantech entrepreneurs were very helpful.” - Yaniv Kalish, CEO SolarKal “Cleantech Open provided a great opportunity to branch out of our tiny network of Maine, and to reach hundreds of experienced, exciting professionals that want to help and provide their input. We feel honored and excited to be part of the alumni network, and look forward to continuing to work with this exciting group of people to develop our business and others in the future.” - Tony Wood, CEO, FE Wood Natural Energy
  10. 10. Innovation Expo & Awards Night This full day event brought together more than 250 people from the Northeast cleantech business community for an exciting celebration of innovation and entrepreneurship. The 25 graduate companies showcased their businesses, and an all-start panel of judges selected our four regional finalists to represent the Northeast at Cleantech Open’s Global Forum. Massachusetts Secretary of Energy and Environmental Affairs, Matthew Beaton, delivered the keynote speech. The event was hosted by Boston Properties, and sponsored by Deloitte, Sam Adams, and 90+ Cellars. Cleantech Open Northeast l 2016 Impact Report 10
  11. 11. Cleantech Open Northeast l 2016 Impact Report 11 STARTUPS
  12. 12. Startup Class of 2016 Cleantech Open Northeast l 2016 Impact Report 12
  13. 13. 2016 Regional Finalist 2016 National Water Honor Cleantech Open Northeast l 2016 Impact Report 13 GreenBlu is blue water for our green planet. We desalinate and purify water using a patent- pending, carbon-free, zero brine discharge, and sustainable method that does not use electricity, chemicals, or membranes. “Cleantech Open is a great accelerator for companies starting out in this industry. The mentorship, feedback, and networking you get from this program is invaluable. Your efforts are magnified. You decide how serious to treat the deadlines and the quality of work in the program, but it is all work you will have to eventually do as a startup. Cleantech Open tries to help you do it better and now.” -Howard Yuh, CEO Greenblu
  14. 14. 2016 Regional Finalist 2016 National Energy Efficiency Winner Cleantech Open Northeast l 2016 Impact Report 14 Proper Pipe's innovative joint design provides a Non-Destructive Test (NDT) to the piping industry that can be performed in seconds at time of installation. It reduces the time, effort, liability and logistics of installing and pressure testing a pipe system. “When you join Cleantech Open you are joining a community of experts that are there to accelerate your company to become a commercial and sustainable success. Their sprogram is more rigorous, fun and useful than many academic business programs. For starters, you are meeting with real customers, getting feedback from industry leaders, and CEOs. You then get assigned mentors that have been in your shoes before. And lastly, they provide funding and networking opportunities that can catapult your product to market sooner.” -Abel Jimenez, CEO Proper Pipe
  15. 15. 2016 Regional Finalist & Northeast Sustainability Award Winner 2016 National Sustainability Honor Cleantech Open Northeast l 2016 Impact Report 15 PV Pure has developed knowledge-based design; control and maintenance methods to make small scale distributed solar powered water purification systems technically and economically feasible for the non-expert end user, in both commercial and humanitarian applications. “Cleantech Open provided PV Pure the safe space to learn, make mistakes and grow as a young company. In just a few weeks, we have come such a long way and feel so supported going forward beyond the program.” -Huda Elasaad, CEO PV Pure
  16. 16. 2016 Regional Finalist & Northeast Crowd Favorite 2016 National Business Model Honor Cleantech Open Northeast l 2016 Impact Report 16 Surge Hydro has created a modular, cost effective, clip-on system that generates power at dams. By incorporating this proprietary technology into the companies turnkey solution, Surge Hydro is able to electrify the nations 80,000 nonpowered dams, providing sustainable and renewable electricity. “Cleantech Open paired our company with the right people, made us ask the right questions, and ultimately helped us focus on what matters most. We wouldn’t have a company without them.” -David Markley, CEO Surge Hydro
  17. 17. First Strategic Partner Prize Winner Cleantech Open Northeast l 2016 Impact Report 17 SHAREnergy is the first voluntary energy savings fund connecting cities to villages through clean and sustainable solar technology; We use environmental pledges to finance clean energy products for women and girls living below the poverty line in developing countries. “The program was tremendously valuable to shape SHAREnergy's business model and a great opportunity to communicate our progress with experienced professionals before presenting to early seed investors.” -Marisol Rodriguez, CEO SHAREnergy
  18. 18. Cleantech Open Northeast l 2016 Impact Report 18 Alumni Impact $1.2 billion raised $187 million in revenue 309 graduated startups in the Northeast
  19. 19. Cleantech Open Northeast l 2016 Impact Report 19 COMMUNITY
  20. 20. Impact of Mentor Program Cleantech Open Northeast l 2016 Impact Report 20 “CTO chose a panel of mentors that was perfectly suited to my company and my way of working. They have helped us grow from a project focused company to a fundable business model. I am deeply appreciative of all the time and effort our mentors spent working with Sparkplug Power. I highly recommend CTO to all cleantech startups.” -Sean Becker, CEO, Sparkplug Power 291 active mentors 89% mentors plan to participate next year 93% mentors who would recommend the program 88% graduates who plan to continue a relationship with their mentors
  21. 21. Cleantech Open Northeast l 2016 Impact Report 21 Lindsay Drogin 2016 Volunteer of the Year VP - Leveraged Finance & Financial Sponsors Coverage, Sumitomo Mitsui Banking Corporation “To be able to join the community of dedicated entrepreneurs, volunteers and staff of Cleantech Open Northeast gave me a new orientation about priorities in my life and career. I have a better understanding of the tremendous challenges we have to make our world more sustainable. CTO-NE gives me a chance to learn, grow, connect with like-minded individuals, and to concretely do something positive to stop this destruction - by helping entrepreneurs combat the ills that spillover costs from disregarding economic impact on the environment is costing society.“
  22. 22. Cleantech Open Northeast l 2016 Impact Report Featured Volunteers 22 Lilly Belanger MD Sakib Distributed Energy Resources Regional Manager, ICF International Director of Membership at New Lab, Brooklyn Navy Yard “I’ve loved my time volunteering with CTO. I am so impressed with the entrepreneurs I’ve met who are taking risks and doing incredible work. It is a great feeling to have a role in helping them to succeed. In addition, I find myself incredibly inspired by the other volunteers who have put so much into CTO…because they really believe in it. I hope to contribute more in the future!” “Cleantech Open Northeast gave me the chance to experience some of the most innovative and forward thinking entrepreneurs and their respective companies. It was a great experience to serve as a mentor and volunteer in the organization. I had a chance to network and exchange ideas with various mentors, who are experts in their own respective fields. I…would highly recommend this program.”
  23. 23. Cleantech Open Northeast l 2016 Impact Report 23 Nicholas Hill 2016 Mentor of the Year Owner, Hill Energy Services LLC “Over the past 5 years I’ve found that I get so much more out of Cleantech Open mentoring than I put in. I’ve learned a lot, I’ve shared a lot, and I’ve made good friendships. There’s a real camaraderie, community, and sense of shared purpose among the CTO Northeast mentors, participants, and alumni.”
  24. 24. Featured Mentors Cleantech Open Northeast l 2016 Impact Report 24 Manoj Rengarajan Christine Jauregui “From the first few minutes of the Academy, I could tell the CTONE experience was going to be amazing. Entrepreneurs, mentors, sponsors, and organizers are passionate about advancing clean energy, environmental sustainability, and a low-carbon future. The sum of everyone's scientific and technical knowledge, business expertise, and creative problem- solving ability was electrifying. I was impressed with how collaborative and collegial the experience was.” Principal, Social Impact StrategiesVice President, Investment Management, Prudential International Investments “I'm deeply impressed by the impact CTO Northeast has in the nurturing and development of cleantech startups in the region. CTONE does a fantastic job of bringing together a diverse community of volunteers, partners, and sponsors all towards providing the resources and support to ventures that have a tremendous potential to deliver a cleaner environment for the future. It was very satisfying to work with a group of highly motivated mentors and volunteers with deep and varied experience.”
  25. 25. Supporters Cleantech Open Northeast l 2016 Impact Report 25 SUPPORTERS
  26. 26. Cleantech Open Northeast l 2016 Impact Report 26 Cleantech Navigate Northeast In 2016, Cleantech Navigate Northeast, NECEC's affiliate program supporting select Cleantech Open graduates and more mature startups, supported more than 50 companies through a pilot concierge service designed to connect startups to experts, funders and strategic partners. In 2017, Navigate will expand these services to include connections to customers, talent, and other critical resources.
  27. 27. Premier Sponsors Cleantech Open Northeast l 2016 Impact Report 27 MassCECNYSERDA “Once again Cleantech Open Northeast has shown how valuable its program is to helping the cleantech economy expand in New York and throughout the Northeast. NYSERDA congratulates the winners of this year’s Cleantech Open Northeast and looks forward to the innovative solutions they are developing for the clean energy industry.”​ - John B. Rhodes, President and CEO, NYSERDA “MassCEC is proud to work alongside Cleantech Open Northeast and to help foster innovation from cleantech companies statewide and throughout the Northeast region. The innovative spirit of the cleantech industry cultivates new ideas, while creating lasting jobs and solving our most pressing energy challenges.” - Stephen Pike, CEO, Massachusetts Clean Energy Center
  28. 28. Our Sponsors Cleantech Open Northeast l 2016 Impact Report 28
  29. 29. Our Partners Cleantech Open Northeast l 2016 Impact Report 29

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