2. What is the Cleantech Open?
• Launched in 2006, the world’s largest clean tech business
competition and entrepreneur incubator program
• Accelerating businesses in...
Air, water, waste Renewable Energy
Green Building Transportation
Energy efficiency Smart Power & Storage
• Supports promising entrepreneurs with training, mentoring
and exposure.
• Intensive process to ensure promising new technologies
don’t fail for lack of good business fundamentals.
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3. Mission
Mission: To find, fund, and foster entrepreneurial ideas
that address today's most urgent energy, environmental
and economic challenges.
Cleantech Open creates new jobs and sustainable
businesses through hands-on mentoring, workshops
and a national clean technology business competition.
Additionally, we have a goal to expand into new
geographies and build a unified clean technology
ecosystem, resulting in 100,000 new clean technology
jobs by 2015.
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4. 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 our
most pressing environmental needs.
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5. Sample Participant Company Benefits
• Mentoring over multi-month process and MBA quality
training
– 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 of
cash 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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6. Successful Alumni Across All Sectors
Air, Water, Waste
•Earthguard
•Microvi Biotech
Energy Efficiency •Porifera Green Building
•EcoFactor •BottleStone
•Adura Technologies •BuildFast
•NiLA •GroundSource Geo
•Virious Earth
Smart Power Transportation
•Energy Empowered •ElectraDrive
•Lucid Design Group •Mission Motors
•Power Assure •Syncromatics
Renewable Energy
•Focal Point Energy
•GreenVolts
•1-Solar
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7. What Alumni Are Saying
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8. Alumni Case Study: GreenVolts
Business
Business
Concentrating PV technology.
Concentrating PV technology.
CTO Recognition
CTO Recognition
2006 Renewables Category Award, 2007 Alumni Award
2006 Renewables Category Award, 2007 Alumni Award
Where They Were
Where They Were
•An undeveloped business model with a passion for solar energy.
•An undeveloped business model with a passion for solar energy.
•Focused on R&D for utilities.
•Focused on R&D for utilities.
•VC recommended they enter a business plan competition.
•VC recommended they enter a business plan competition.
Where They Are Now
Where They Are Now
•30+ employees.
•30+ employees.
•Received contract from PG&E to build the largest concentrating PV plant in the
•Received contract from PG&E to build the largest concentrating PV plant in the
world.
world.
•Secured $30MM in Series B financing.
•Secured $30MM in Series B financing.
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9. Alumni Case Study: GreenVolts
Bob Cart, CEO:
“Investors and potential customers have heard of
GreenVolts through the CTO (Cleantech Open). They
are instantly confident in us as a company because they
know a distinguished group of investors, financiers,
technologists and others have reviewed and endorsed
our business plan and early activities.”
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10. 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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11. 2010 Calendar of Program Events
Competition Opens January
Breakfast Briefings February - March
Thought Leaders Summit (in North Central) April/May
Innovators Matching and Exec Summary (in North Central) April
Competition Entry Final Deadline Mid May
Semi-finalist Announcement June
Cleantech Open Conference (in CA) July
Semi-finalist Academy (in CA) July
Business Clinics/Workshops (in North Central) July - August
Final Business Plan Due September
Regional Judging and Awards October
National Judging and Awards (in CA) November
National Expo and Awards Gala (in CA) November
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12. Marquee Sponsors
Foundations Government
Business
Venture Capital Academic & National Labs
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