cleantech open overview
TRANSCRIPT
2010 Program
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• Launched in 2006, the world’s largest clean tech businesscompetition and entrepreneur incubator program
• Accelerating businesses in...
• Supports promising entrepreneurs with training, mentoringand exposure.
• Intensive process to ensure promising new technologiesdon’t fail for lack of good business fundamentals.
What is the Cleantech Open?
Air, water, wasteGreen BuildingEnergy efficiency
Renewable EnergyTransportationSmart Power & Storage
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Mission: To find, fund, and foster entrepreneurial ideasthat address today's most urgent energy, environmentaland economic challenges.
Cleantech Open creates new jobs and sustainablebusinesses through hands-on mentoring, workshopsand a national clean technology business competition.Additionally, we have a goal to expand into newgeographies and build a unified clean technologyecosystem, resulting in 100,000 new clean technologyjobs by 2015.
Mission: To find, fund, and foster entrepreneurial ideasthat address today's most urgent energy, environmentaland economic challenges.
Cleantech Open creates new jobs and sustainablebusinesses through hands-on mentoring, workshopsand a national clean technology business competition.Additionally, we have a goal to expand into newgeographies and build a unified clean technologyecosystem, resulting in 100,000 new clean technologyjobs by 2015.
Mission
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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 ourmost pressing environmental needs.
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Sample Participant Company Benefits
• Mentoring over multi-month process and MBA qualitytraining– 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 ofcash 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
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Successful Alumni Across All Sectors
Air, Water, Waste
Green Building
Transportation
Renewable Energy
Smart Power
Energy Efficiency
•Earthguard•Microvi Biotech•Porifera
•BottleStone•BuildFast•GroundSource Geo
•ElectraDrive•Mission Motors•Syncromatics
•Focal Point Energy•GreenVolts•1-Solar
•Energy Empowered•Lucid Design Group•Power Assure
•EcoFactor•Adura Technologies•NiLA•Virious Earth
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What Alumni Are Saying
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BusinessConcentrating PV technology.
CTO Recognition2006 Renewables Category Award, 2007 Alumni Award
Where They Were•An undeveloped business model with a passion for solar energy.•Focused on R&D for utilities.•VC recommended they enter a business plan competition.
Where They Are Now•30+ employees.•Received contract from PG&E to build the largest concentrating PV plant in theworld.•Secured $30MM in Series B financing.
BusinessConcentrating PV technology.
CTO Recognition2006 Renewables Category Award, 2007 Alumni Award
Where They Were•An undeveloped business model with a passion for solar energy.•Focused on R&D for utilities.•VC recommended they enter a business plan competition.
Where They Are Now•30+ employees.•Received contract from PG&E to build the largest concentrating PV plant in theworld.•Secured $30MM in Series B financing.
Alumni Case Study: GreenVolts
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Bob Cart, CEO:
“Investors and potential customers have heard ofGreenVolts through the CTO (Cleantech Open). Theyare instantly confident in us as a company because theyknow a distinguished group of investors, financiers,technologists and others have reviewed and endorsedour business plan and early activities.”
Bob Cart, CEO:
“Investors and potential customers have heard ofGreenVolts through the CTO (Cleantech Open). Theyare instantly confident in us as a company because theyknow a distinguished group of investors, financiers,technologists and others have reviewed and endorsedour business plan and early activities.”
Alumni Case Study: GreenVolts
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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)
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2010 Calendar of Program Events
Competition Opens JanuaryBreakfast Briefings February - MarchThought Leaders Summit (in North Central) April/MayInnovators Matching and Exec Summary (in North Central) AprilCompetition Entry Final Deadline Mid MaySemi-finalist Announcement JuneCleantech Open Conference (in CA) JulySemi-finalist Academy (in CA) JulyBusiness Clinics/Workshops (in North Central) July - AugustFinal Business Plan Due SeptemberRegional Judging and Awards OctoberNational Judging and Awards (in CA) NovemberNational Expo and Awards Gala (in CA) November
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Marquee Sponsors
Foundations
Business
Government
Academic & National LabsVenture Capital