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Fueling Future Transportation - Accelerating Energy Innovation
- 1. Fueling Future Transportation InnovationAccelerator 1
- 2. The Problem 1. Stepchange in Energy demand – Global demand for energy is expected to double by 2050 to support population and economic growth and improved standards of living 2. Supply will struggle to keep pace – Energy supply from all sources will struggle to keep up with demand. There will be continued dependence on fossil fuels such as oil, gas and coal but rapid growth in renewables will be necessary 3. Environmental stresses are increasing – Energy needs to be produced in environmentally and socially responsible ways. Environmental stresses from producing and using energy are increasing, and there is an urgent need for renewable, low carbon technologies 2
- 3. The Solution Speed upthe development and commercialization of clean alternative energy sources! 3
- 4. But energy innovationis complex and involves multiple diverse disciplines…. Geoscience Agriculture Physics Chemistry Environmental Science Genetics Marketing and Distribution Bioscience IT and Automation Commodities Trading Engineering Engine Technology Materials Science 4
- 5. …takes a longtime…. Embryonic Pilot Stage 1 Pilot Stage 2 Full scale commercial Growth & Expansion • Yield optimization • Max capacity • Profitable operation • Design improvements • Seek new sites • Profitable operation Demo Plant semi-commercial FOCUS • Ideation •Bench testing • Patentability • Proof of concept • Patent filing • Angel financing • Pilot as marketing tool • Generate design data • VC financing • Confirm yields • Durability test • Commercial financing NEEDS • Scientists • Lab facilities • Patent search • Scientists • Few engineers • Cheap facilities • Funding • Engineers • Design capability • explore raw material access • Funding • Process engineers • Raw materials • explore markets for byproducts • Investment /working cap. • Raw materials • Refining plants • Blending • Marketing • University Campus • Energy incubator • Campus • Energy Incubator • Industrial site • Industrial site • Industrial complex • Industrial complex • Close to market • Close to market OPTIMAL LOCATION • University Campus Stages of Development • Raw materials • Refining plants • Blending • Marketing • Attractive financing 5
- 6. …has a highfailure rate…. Technical Feasibility Economic Feasibility Ideas $ $ Solution Conceptual Feasibility 6
- 7. …and needs alot of support and resources Mentor/ Educate Celebrate Success Regulation Learn From Failure Networking Industry Cluster Large Cos Taxes/ Incentives Research Culture Collaboration/ Partnership Peer Firms Universities Government Private Innovation Invention → Commercialization Services Value Chain Investors Entrepreneur Development & Support Accounting Infrastructure Innovation Ecosystem Logistics Legal Technical/ Engineering Business Accelerator Intellectual Property 7
- 8. Powering Future Transportation- Mission Accelerate the development of Alternative Transportation Fuels • Promote and enable an ecosystem, industry cluster and culture in the region to support alternative fuels innovation by engaging entrepreneurs, academia, industry, investors and government • Develop In-Accel.com, an online Innovation Accelerator, to bring together a global community of inventors, developers and investors to accelerate the pace of energy innovation Accelerating energy innovation needs an unprecedented level of cooperation and collaboration 8
- 9. Why an innovationaccelerator? • Focuses early stage research on real problems – promotes research collaboration with entrepreneurs and industry – accelerates the commercialization of research • Enables “Valley of Death” funding – to move from lab to pilot, pilot to demo, demo to commercial scale up • Promotes innovative, collaborative culture through the cycle – research, entrepreneur support, funding, industry/ end user support • Research benefits from a “global” ecosystem that interacts with research centers around the world • Development and scale up benefit from a local ecosystem and industry cluster that provide support to entrepreneurs and a network of partners, peers, customers and service providers throughout the value chain Global connectivity and local support 9
- 10.