From The Event "Energy & eStorage", 11/9/11.

1. Starting a Cleantech Venture:
Entrepreneurs’ perspective
Eran Yarkoni
CEO
Capital Nature ltd.
www.CapitalNature.com
MIT Forum - Sept 2011

2. • Utility-scale energy storage systems
• Based on fuel-cell technology by Pref. Peled (TAU)
• Applications:
– Renewable energy capacity firming
– Time shifting of renewable energy
– Load leveling
– Ancillary services

3. It all started in 2004…

8. Energy business is different

9. Valley of Death
Stage: Development Scale-up & field trial Commercial deployment
Risk: Very high High Low
Capital: Low High Very high
Financing: Private investors ?????? Banks, Capital markets

10. EnStorage Core Technology
• Licensed from Ramot, tech-transfer arm of TAU
• Developed for 10 years by prof. Peled
• $3M invested by TAU - prior to licensing
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11. Patent licensing & financing process
Technology & market validation
(4 months)
Term Sheet
with Ramot Term Sheet
(6 months) with investors
Definitive agreement
with Ramot Close Series-A
(4 months)
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12. Licensing Process Experience
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13. License agreement
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14. Summary
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15. Capital Nature

16. Capital Nature
We fund and accelerate renewable energy ventures,
by investing in outstanding entrepreneurs
and breakthrough technologies
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17. Investment Space

18. Investment Team
A team of Entrepreneurs & operational executives
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19. Thank You!