"cleantech is dead! long live cleantech!" the future of financing for sustainable...

©2015 EcoMachines Ventures. All rights reserved

“Cleantech is dead! Long live cleantech!”The future of financing for sustainable innovation

Dr. Ilian Iliev CEO & Founder, EcoMachines Ventures (Moderator)Dr. Rob Wylie Chairman and Co-Founder, WHEB GroupAshley Smith Partner, British Gas Venture CapitalDr. Forbes McDougall Head of Circular Economy, VeoliaFelix Preston Senior Research Fellow, Energy, Environment & Resources, Chatham House


“Cleantech is dead! Long live Cleantech!” The future of financing for sustainable innovationDr. Ilian IlievCEO, EcoMachines Ventures

15th June 2015 Taylor Wessing LLP


1. Introducing EcoMachines1. Introducing EcoMachines


About EcoMachines Ventures

An investment fund focused on seed, Series A/B

investments

Focused on startups in advanced engineering and high-value manufacturing

A highly networked and hands-on approach:

finance, industry experts, corporate collaboration,

multiple locations


Sectors of Interest

01Power Generation

02Transport

03Circular Economy

04Smart City

05Industrial high-tech


Technologies of interest

01Robotics

02Materials science

03Power electronics & controls

04Internet of things

05Advanced engineering


Portfolio

Robots to apply insulation under old houses

Nanoparticles to create superior lubricants

Converting mixed plastic waste into fuel

Energy efficiency in industrial electrical motors

Light-weight, highly efficient engines

Connected car technologies

RotaryEcoMachines


Locations

Coverage across Europe and Israel.

Presence in:• London (HQ)• Paris• Moscow• Prague• Tel Aviv


Philip VereyHead of Business Development

Multi-disciplinary team across multiple geographies

Dr Ilian IlievCEO and Founder

Igor TurevskySVP Energy & Power

Dr Oleg EvdokimenkoChairman and co-founder

Investment Committee

Oliver JohnsonAnalyst

Alexey KrenkeInvestment Director

Oksana HilinskayaVP Russia/CIS

Rob SnellgroveAssociate

Max MiddletonAnalyst

Operational Team

Harel BorenHead of Corporate Development

London Moscow Prague Moscow Paris

LondonLondon Tel Aviv London

Flora BaillieMarketing Associate

London LondonLondon


Why are we bullish on the opportunities in energy & cleantech?

Source: http://www.ritholtz.com/blog/wp-content/uploads/2009/07/cartoon-spin-bull-vs-bear.jpg


VC in energy and cleantech: is the model keeping up?

The VC environment has been broadly positive in the last few years

...while cleantech investment has moved in the opposite direction


...yet within sub-sectors, investment trends differ

Source: Cleantech Group i3 database

Cleantech VC and Corporate Venture Investment, Top SectorsPercentage share of dollars invested

Sector share, 2014


The funding ecosystem has evolved… with more funding sources and greater complexity

SMEs

Corporate VC

VC Funds

Angels

AcceleratorsFamily Wealth Offices

Project Finance

Public grants

Crowd Funding


Targeted strategies within specific sub-sectors can uncover growth hotspots

E-Waste solutions – spike in innovation

Source: CambridgeIP research, 2015


The rise of Corporate VC and Open Innovation

Most of innovative activity happens outside of corporations…

Waste Recycling: % patents held by top 30 Companies

… and corporations have responded by huge increase in corporate VC activity

Across sectors $49bn of Corporate VC investment made directly and through 120+ corporate VC programmes…

…our estimate is up to ¼ of these have resource efficiency/ Cleantech angle

GCV (2015)

Source: CambridgeIP research, 2015


Other factors…

• The ‘bubble’ in Cleantech has already burst• Move towards specific, real solutions for mature

industrial sectors – with real bottom-line benefits to specific users/clients

Bubble inoculation?

• Improved CAD design & simulation, 3D printing/rapid prototyping, and more experienced CxOs can lead to leaner, faster start-ups

• Impact is lower capex and faster time-to-market

Lean hardware start-ups?

• Opportunities for energy/cleantech application areas from well-developed platform technologies in materials science, robotics, IoT hardware

• The application of these to industrial problems can lead to significant value release/capture – and novel business models

Horizontal technologies

impact


What can we say about Cleantech 2.0?

• Lessons from Cleantech 1.0 – what to avoid, what to repeat?

• The rise of Corporate VC activity – will it compensate for the decline in traditional VC activity?

• Emerging trends and opportunities• Emerging market opportunities… and China• Regulatory trends, opportunities… and threats


Our panellists

Dr. Rob Wylie Chairman and Co-Founder, WHEB Group

Ashley Smith Partner, British Gas Venture Capital

Dr. Forbes McDougall Head of Circular Economy, Veolia

Felix Preston Senior Research Fellow, Energy, Environment & Resources, Chatham House

Dr. Ilian Iliev CEO & Founder, EcoMachines Ventures (Moderator)


“Cleantech is dead! Long live cleantech!”The future of financing for sustainable innovation

Dr. Ilian Iliev CEO & Founder, EcoMachines Ventures (Moderator)Dr. Rob Wylie Chairman and Co-Founder, WHEB GroupAshley Smith Partner, British Gas Venture CapitalDr. Forbes McDougall Head of Circular Economy, VeoliaFelix Preston Senior Research Fellow, Energy, Environment & Resources, Chatham House

"cleantech is dead! long live cleantech!" the future of financing for sustainable...

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