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Register Now! MIT Enterprise Forum of DC & Baltimore Gala 2011 : Celebrating Startups! With Startup America – The White House Initiative & The Public Private Partnership Initiative

In angel Investor, entrepreneur, finance, investment, Science, Technology, technology transfer, Venture Capital on March 17, 2011 at 2:38 pm

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Celebrating Startups
Tom Kalil

Office of Science and Technology Policy (OSTP) Co-lead, The White House; Agency Review Team at Presidential Transition Team; Chair, Global Health Working Group at Clinton Global Initiative ; Senior Fellow, Center for American Progress. Previously, he served as the Deputy Assistant to President Clinton for Technology and Economic Policy, as well as the Deputy Director of the White House National Economic Council.

Scott Case

CEO, Startup America Partnership Initiative

Timothy “Scott” Case is a technologist, entrepreneur and inventor and was co-founder of Priceline, the “Name Your Own Price” company that was one of only a handful of startups in US history to reach a billion dollars in annual sales in less than 24 months. As Chief Technology Officer, he was responsible for building the technology that enabled Priceline’s hyper-growth.

Time is running out! Register Now at http://www.mitefdc.org And Join Us: Tuesday, March 29, 2011 6:00 PM to 9:30 PM Embassy of France 4101 Reservoir Road, NW Washington DC District of Columbia USA 20007
Greetings!

The MIT Enterprise Forum is pleased to announce that its annual Gala will be held the evening of Tuesday, March 29.  Our program will feature both an introduction to President Obama’s Startup America Initiative by Tom Kalil and an introduction to the public/private Startup America Partnership by it’s new CEO Scott Case. Scott case is leading the comprehensive public-private Startup America initiative for innovation and excellence in the entrepreneurial community ,

Register Before March 26, 2011!

The Startup America Partnership is itself a startup, which has received support from the Kauffman Foundation and the Case Foundation.  Our keynote speaker will be Scott Case, the recently named CEO of the Startup America Partnership .


Join us for an evening of dinner, networking, and a program celebrating entrepreneurial innovation!
Get in on the ground floor as this innovative public-private partnership develops resources for emerging companies and raises awareness of the critical role that entrepreneurs play in job creation and economic growth.

Our venue for the event is the stunning French Embassy .The dinner fare will be a delightful buffet of French cuisine favorites, and will be paired with wine before the presentations and dessert after. The cost is $85.00 for non-members and $45.00 for members.

Sincerely,
MIT Enterprise Forum of Washington DC/Baltimore

PRESS CONTACT

MIT Enterprise Forum

410-905-3564

MIT Enterprise Forum of Washington DC & Baltimore’s Annual Gala 2011

Celebrating Startups!

THE PROGRAM

Dinner & French Wine

Main Hall 6:00-7:15 pm

Program

Auditorium 7:30-8:30 pm

Moderated by

Halima Aquino, Chair, MIT Enterprise Forum of DC & Baltimore


Welcome

Ambassador, Embassy of France (Invited)


Introduction to the MIT Enterprise Forum

Halima Aquino

MIT Enterprise Forum Entrepreneurial Success Stories
Moderated by Ira Gershkoff, MITEF Vice Chair

  • Scott Sklar, CEO, The Stella Group
  • Ven Chava, CEO, AirArts


President Barack Obama’s Startup America Initiative

Tom Kalil, Office of Science and Technology Policy (OSTP) Co-lead Agency Review Team at Presidential Transition Team, The White House

Startup America Partnership Initiative
Scott Case, CEO

French Commercial Trivia Competition
Fredric Abramson, CEO AlphaGenics

Main Hall

9:00-10:00 pm

Coffee & Dessert


Closing Remarks


StartupAmerica

French Embassy
KREDI NVTC
Shapiro SherNZCIT
Red HewellProVDNteqcornerJohns Hopkins

MIT Enterprise Forum of Washington DC & Baltimore
4301 Wilson Blvd.
Arlington, Virginia 22203

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Entrepreneur Start-Up Lab on Sustainable Technology Development at 6:30 PM on 6-15-10 at NRECA Headquarters in Arlington, VA with Dr. BP Agrawal, Ashoka, IFC, Egg Energy & Tseai Energy & Herb Simmens

In angel Investor, biofuel, Bioscience, cleantech, Energy, entrepreneur, Environment, finance, greentech, investment, Science, Sustainable, Technology, technology transfer, Venture Capital on June 12, 2010 at 3:08 pm

MIT ENTERPRISE FORUM OF WASHINGTON DC & BALTIMORE’S
ENTERPRISE START-UP LAB: Sustainable Technology Development

June 15, 2010 from 6:30 to 9:00 PM at NRECA 4301 Wilson Blvd. Arlington, VA
Many issues face sustainable entrepreneurs. Financial challenges are only one of the many hurdles companies deal with. Social elements, customs, power struggles are among the many elements will be considered by entrepreneurs. This evening’s event focuses on the sustainable companies and the entrepreneurs who start them. Panelists from the NGO & Venture communities will provide feedback from their perspectives.
FEATURED GUEST:

  • BP Agrawal is founder and president of the nonprofit corporation Sustainable Innovations which seeds change, nourishes change, and harvests change. Dr. B.P. Agrawal of Sustainable Innovations has won both the $100,000 Lemelson-MIT Award for Sustainability and the 2010 Energy Globe World Award for his community-driven rainwater harvesting system.

PANELISTS:

  • IFC Senior Investment Officer in Clean Energy Corinne Figueredo
  • ASHOKA Managing Director Stuart Yasgur,
  • Agora Partnerships Managing Partner Ben Powell
  • Angel Investor Herb Simmens

ENTREPRENEURS :

  • EGG Energy Founder Alla Jezmir. Since June 2008, a multi-disciplinary team from MIT and Harvard has been working on an innovative solution to bring affordable power to communities in the developing world. Their goal is to bridge the power distribution gap that keeps 1.6 billion people worldwide in the dark.
  • Tseai Energy Unlimited Founder Trevor Young Tseai Energy Unlimited was the undergrad biz plan competition winner last year at UMD. TEU has merged the entrepreneurial spirit with social development and created a sustainable business model that allow underdeveloped communities to produce their own electricity and simultaneously develop their economies. (http://www.mtech.umd.edu/news/press_releases/bpc09_release.html and focuses on

RSVP:http://mitef.org/content.aspx?page_id=87&club_id=582681&item_id=98794

Bloom Energy: This Handheld Can Power a House

In angel Investor, biofuel, Bioscience, cleantech, Energy, entrepreneur, Environment, finance, investment, Power Grid, Solar, Sustainable, Technology, Venture Capital on February 24, 2010 at 6:34 pm

Today’s Press Conference (February 24, 2010)

For Full Story About Bloom Box (Click Here): THIS HAND HELD CAN POWER A HOUSE

THE BLOOM BOX is a ground-breaking fuel cell start up company (founded in 2002) that has generated a lot of venture capital and media buzz recently. The company has been testing and refining its stand alone fuel generating capabilities for the past few years at several large corporate headquarters, including eBay (EBAY), Google (GOOG), Wal-Mart (WMT), FedEx (FDX), and Staples (SPLS). Bloom Box’s chief scientist and company co-founder, KR Sridhar (see bio below), a 49-year-old scientist-turned entrepreneur,  was profiled on the popular CBS TV show 60 Minutes this past weekend (2-21-10) to build excitement for an all-star, corporate news breaking event on Wednesday (February 24, 2010) at eBay (EBAY) headquarters in San Jose in Silicon Valley.

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Testimonials:

  1. Patrick Pichette (CFO of Google) included. “For us it’s been really transformative…” he said. Google’s Bloom Box is powering an R&D center.
  2. Simon (of Wal-Mart): Bloom Boxes are carrying 60-80% of our energy needs at peak in the buildings where they’re installed.
  3. Coke’s President Brian Kelly: We have aggressive goals. We need clean, reliable energy sources that meet customer and community demand. One of the very aggressive goals we have is to measured our carbon footprint and want to reduce it by 2015 . Bloom box is powering a 1/3 of an Odwalla plant.
  4. Rob Carter CIO and executive VP @ FedEx. –what was the idea of putting this in our Oakland, CA hub?
    A: We wanted to change the way the world works. This is something cool. Bloom array matches the power of the solar, and is helping us get 100% off the grid.
  5. Bill Simon of Wal-Mart. What led you to decide to put these in your operation?
    A: Simon: We aspire to power our buildings in the 100% renewable energy. And in order to do that, it has to be profitable–first and foremost. This is an opportunity to do both those things. We also have scale. The opportunity to provide it for everyone at less cost is a goal of ours.
  6. eBay chief John Donahoe says Bloom is “disruptive” just like eBay was. We put solar in, 65,000 feet of it, which powers 18% of our campus on peak. But then we ran into Bloom. Put it in last July, and it’s powering 15% off those 5 boxes.

Q: WSJ asks “have you conducted third party cost analysis?”
Sridhar: Customer proof points. Public companies, costs have been scanned. 10 year life that’s warrantied through Bloom Energy.

Q: NBC asks “is there a particular kWh cost?
Sridhar: Says $.09-.10 per kwh. Customers save compared to grid.

Q: Forbes asks ‘Does $.09-.10 include CA tax cut?
Sridhar says it includes all of the costs. And that no systems installed outside of CA.

MIT Enterprise Forum Gala 2010 at the Canadian Embassy in Washington, DC

In angel Investor, cleantech, Energy, entrepreneur, finance, investment, Science, Technology, technology transfer, Venture Capital on February 22, 2010 at 7:08 pm

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The MIT Enterprise Forum (MITEF) of DC & Baltimore’s  2010 Gala on February 18, 2010 was an event to remember for 150+ small and medium entrepreneurs and the larger companies, VCs, Angel Investors and service providers who support and mentor them.

In a town where skepticism is rampant and who you know sometimes seems more important than what you know, the MIT Enterprise Forum of DC and Baltimore refreshingly brought together inspired professionals with knowledge, leadership and hope for the future to talk about international cooperation in launching and growing science based technology businesses. The Gala was held at the beautiful Canadian Embassy on Pennsylvania Avenue and it marked MITEF’s first DC based event. The glass windows of the Embassy looked out onto the Capital which provided a terrific backdrop for the distinguished gathering. One hundred and fifty entrepreneurs, scientists, venture capitalists and service-providers spent three hours mingling and eating, listening and asking questions of two fascinating keynote speakers with first hand knowledge about policy and the investment realities for Canadian and American businesses.

MITEF Gala program


This year’s theme was “Growing Opportunity for Technology Entrepreneurship in Domestic and Emerging Markets: The Role of Innovation in Economic Development” and was chaired by Patrick Mellody, a Director on the MITEF Board.  Jean-Luc Park, the MITEF Chairman and an Associate at the Calvert Fund moderated.

Jean-Luc Park Chairman Chapter of the MITEF of DC & Baltimore

The two keynote speakers were Jean-René Halde of the Business Development Bank of Canada & Phil Auerswald, founder and co-editor of the MIT Innovations Journal (along with Iqbal Quadir, Founder of Grameen Phone) and Associate Professor at George Mason University. The question and answer period went on for 30 minutes which indicated that people were truly engaged with both Jean-René Halde and Phil Auerswald.

Jean-René Halde’s visit with the MITEF was part of a larger business trip to the United States. Mr. Halde told the crowd that he was enjoying his trip and had enjoyed productive meetings with the heads of several private and public American institutions in Washington, DC. As CEO of the Business Development Bank of Canada, Jean-René’s primary goal is to invest in and promote entrepreneurial activity in Canada. He does this with tremendous support from the Canadian government. He is enthusiastic about the many successful entrepreneurial partnerships between American and Canadian companies. Mr. Halde also shared what he believes are new opportunities in a difficult economic environment. Mr. Halde ended the evening by  showing his Canadian pride as this year’s sponsor of the Olympics. He generously awarded several pairs of red mittens adorned with the Olympic symbol to several lucky attendees.

Phil Auerswald came to the Gala hours after meeting with leaders at the Clinton Global Initiative in New York. Mr. Auerswald brought a fresh new perspective to the MIT Enterprise Forum. He asked entrepreneurs to think globally as they create new entrepreneurial partnerships and establish new markets for their products. He asked them to engage foreign nationals to learn more about partnership opportunities in international markets. He also asked entrepreneurs to become more politically involved to protect their interests and grow their range of opportunities both at-home and abroad.

All in all- the evening was a tribute to the spirit of innovation and broad international entrepreneurial partnerships. Event Sponsors included The Canadian Embassy, Honeywell, Connolly Bove Lodge & Hutz, LLP and ProVDN

_______________________________
About The MIT Enterprise Forum
Open to all since 1981, the Enterprise Forum® has promoted the growth, education, and success of the entrepreneur and business community of the greater Washington & Baltimore area.
The MITEF is a non-profit, volunteer organization, it provides exceptional quality events that are open to the public.  Its many programs are targeted to local start-ups, high technology businesses, venture capitalists, angels, and the professionals who support them.

The DC  chapter is one of a network of 24 worldwide chapters of the Enterprise Forum , which was created as an outreach educational program of the Massachusetts Institute of Technology (M.I.T.).  Participation and membership by the general public, regardless of their affiliation, is encouraged.

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The Author, Halima Aquino, is a Director on the Board of the MIT Enterprise Forum. She was also last year’s Gala Chair and this year’s Vice Chair. Halima is the Founder of Bolton Hill Consulting and Clean Tech Market Maker.

Photography and videos supplied by Allan Tone at ProVDN

Financial Soultions: 3rd Quarter sees big drop in cleantech investment.

In angel Investor, cleantech, Energy, finance, greentech, investment, Sustainable, Venture Capital on October 11, 2009 at 12:29 pm

Financial Soultions: 3rd Quarter sees big drop in cleantech investment.

2009-10-11 15:28:12 –

Year on year global cleantech investment took a 22% dive due to tight credit markets.The latest research available to Financial Soultions, released late last week shows a 22% fall in global investment into clean-energy companies, with government funding being counteracted by internationally rigid credit markets.

In the quarter from July to September, a total of $25.9 billion of new global investment was seen, dropping by 9% from the 2nd quarter and down 22% from the same time a year back.

The report by New Energy Finance did however indicate that this sphere does seem to be moving toward a recovery, with governments globally pumping more backing into alternative energy projects. The EU recently announced an investment plan to put it on a par with Asia and North America in green technology development, and China has made huge financial inroads lately into wind energy.

Overall, the report shows a dramatic growth in investor confidence from the 1st quarter.

via Financial Soultions: 3rd Quarter sees big drop in cleantech investment..

Clean Energy Patents Hit Record High in the US

In angel Investor, cleantech, Energy, entrepreneur, greentech, investment, maintech, Sustainable, Technology, technology transfer, Venture Capital on October 5, 2009 at 3:29 pm

Clean Energy Patents Hit Record High in the US.

by Zachary Shan at CleanTechnica.com

Some Excerpts:

According to intellectual property law firm Heslin Rothenberg Farley & Mesiti P.C., who publishes the Clean Energy Patent Growth Index (CEPGI) every quarter, 274 clean energy patents were granted last quarter. This is 31 more than the previous quarter and 57 more than in the same quarter last year.

This is a good sign that clean technology will continue to provide the US with a greater and greater share of its energy. Additionally, clean technology in the transportation sector is advancing at great speed and with momentum and maybe we will find our way out of gas and oil related crises soon. Fuel cell* technology is leading the way. Victor Cardona, co-chair of the firm’s Cleantech Group, states: “Fuel cells continued to dominate the other technologies while wind and solar patents continued an upswing. Honda earned more patents than the other patentees to again claim the Clean Energy Patent Crown.”

Another record high was in the biofuels** sector. “Biofuel patents reached an all time
quarterly high at 13 and were up 2 relative to the first quarter and up 8 over a year before,” according to the press release.

Geographically, Japan led the pack (with 75 new patents), California was second (29), Michigan and Germany tied for third (23), and New York and Korea tied for fifth (15). In addition to Honda, the top companies were GM, Toyota, GE, Nissan, and Panasonic Corp. (respectively).

*For recent news on fuel cells, read Full Cycle Energy Joins Race for Non-Platinum Fuel Cells and Wegmans Grocery Gets $1 Million Grant for Fuel Cell Technology.

**For recent news on biofuels, read Watermelon Juice — Next Source of Renewable Energy, Electrolyzed Water Turns Waste Product Into Biofuel, and Scientists Force Fungus to Have Sex to Create Biofuel.

Vinod Khosla: ‘It’s about main tech, not clean tech’ | Videos on ZDNet

In angel Investor, cleantech, Energy, entrepreneur, greentech, investment, maintech, Science, Sustainable, Technology, Venture Capital on July 5, 2009 at 1:32 pm

Vinod Khosla: ‘It’s about main tech, not clean tech’ | Videos on ZDNet. At the AlwaysOn GoingGreen conference in Sausalito, Calif., Vinod Khosla of Khosla Ventures offers his views on environmental challenges facing the world and how clean tech needs to deliver real results. He also criticizes the current green movement as more about style than substance. -less

Can Cleantech Produce “Ten Googles”: Tech Ticker, Yahoo! Finance

In angel Investor, cleantech, Energy, Environment, greentech, investment, Sustainable, Technology, Venture Capital on July 5, 2009 at 1:24 pm

As a co-founder of Sun Microsystems and investor in companies like Juniper Networks, Khosla had a stake in the earliest days of the Internet build-out when it seemed like an impossibly hard task. Now, he sees the same—if not greater—opportunity in cleantech.

via Can Cleantech Produce “Ten Googles”: Tech Ticker, Yahoo! Finance.

Vinod Khosla, Risk Junkie

In angel Investor, cleantech, Energy, entrepreneur, Environment, greentech, investment, Sustainable, Technology, Venture Capital on July 5, 2009 at 1:11 pm

Here’s a link to our segment where Khosla explains why he believes ethanol—not hybrids and plug ins—are the answer to getting us off oil for good and here’s a link to the broader segment we did where he rebuts all my arguments about why cleantech won’t be the next big driver of Valley returns. He says that “clearly” ten Googles will be created from this opportunity, because it’s not really about solar, wind or biofuels, it’s about totally re-architecting the infrastructure of society.

via Vinod Khosla, Risk Junkie.

Clean technology venture investment rebounds in 2Q09

In angel Investor, cleantech, Energy, entrepreneur, Environment, greentech, investment, Science, Sustainable, Technology, technology transfer, Venture Capital on July 2, 2009 at 5:18 pm

Clean technology venture investment rebounds in 2Q09.

Reprinted In Part from CleanTech, LLC

BY TECHNOLOGY SECTOR
The leading sector in the quarter was transportation—specifically, vehicles, biofuels and advanced batteries—reflecting attention on the automotive sector and significant government stimulus. Meanwhile, solar saw its lowest level of investment in over three years, with only $114 million invested, down from a high of $1.2 billion invested in 3Q08, as most investors, whose portfolios contain significant solar holdings, did not increase their exposure. The largest transactions in each technology sector were:

  • VEHICLES – $236 million
    Deals included San Diego startup V-Vehicle’s raise of $100 million to date from Kleiner Perkins Caufield & Byers and T. Boone Pickens to build a fuel-efficient car in Louisiana, EV manufacturer Fisker Automotive, which raised $85 million from Eco-Drive Partners and Kleiner Perkins to fund development and manufacturing of its Karma plug-in hybrid, Norwegian EV startup Think Global which raised $39 million, and Israel’s ETV Motors which raised $12 million from Quercus Trust to develop an electric powertrain.
  • BIOFUELS – $206 million
    Deals included agri.capital, a European developer of biogas plants, which raised $82 million from TCW Group and others and renewable oil producer Solazyme, which raised $57 million from Braemar Energy Ventures, Lightspeed Venture Partners and new investor VantagePoint Venture Partners.
  • ADVANCED BATTERIES – $165 million
    Deals included lithium-ion startup A123, which raised a $100 million round led by GE and others, and Deeya Energy, which raised $30 million from Technology Partners and others to develop its redox flow batteries.
  • SOLAR – $114 million
    Deals included Indian solar developer Cobol Technologies, which raised $30 million from Pangea Capital, as well as CSP technology provider Ausra, which raised $25.5 million from Khosla Ventures and Kleiner Perkins, among others. Another CSP company, Stirling-engine dish vendor Infinia, raised $14.1 million in convertible debt, as part of a $50 million planned raise.

M&As AND IPOs
Clean technology M&A totaled an estimated 138 transactions in 2Q09, of which totals were disclosed for 40 transactions totaling $12.2 billion. This is up 291 percent from 1Q09, which saw 123 M&A transactions, of which 28 were disclosed for a total of $3.1 billion.

Cleantech Group noted two cleantech IPOs in 2Q09: China Metal Recycling began trading on the Hong Kong Futures Exchange, raising $186 million, and Duoyuan Global Water Inc. listed on the NYSE raising $88 million. Another notable transaction was Broadwind Energy’s transfer of shares from OTC-BB to the NASDAQ on April 9th.

BY GEOGRAPHY
North America accounted for 66 percent of the total, while Europe and Israel accounted for 21 percent, India for 11 percent, and China for one percent.

  • EUROPE: European and Israeli companies raised USD $259 million in 30 disclosed rounds, down 13 percent from 1Q09 and down 17 percent from 2Q08. Energy Generation ($130.5 million, 11 deals) companies received the most investment, followed by Transportation ($51.0 million, 2 deals). The largest deal was German biogas plant developer agri.capital which raised $81.7 million and helped Germany ($95.4 million, two deals) gain the top position in the country rankings in Europe. The UK was second ($55.4 million, 13 deals), and Norway ($39.0 million, one deal) was third, thanks to Think Global’s $39 million round, the second largest deal of the quarter.
  • CHINA: There were six cleantech VC deals totaling USD $18 million in China. Advanced battery technologies raised USD $10 million to develop lithium-ion batteries. Hunan Joyfly New Material attracted USD $4.3 million to develop environmental friendly materials.
  • INDIA: Indian cleantech companies raised USD $131 million in seven investment rounds (of which one deal amount was not disclosed), an increase of 167 percent from the previous quarter and up 161 percent from the same period last year. The largest deal was a USD $42 million round for Hyderabad-based Ramky Enviro Engineers which specializes in recycling and waste. The most active investor was IL&FS (Infrastructure Leasing and Financial Services Limited) which invested in two deals. Other investors in the quarter included Blue Run Ventures, DFJ, Mumbai Angels, New Enterprise Associates (NEA) and Axis Private Equity.

TOP INVESTORS

2Q09 Most Active Cleantech Venture Funds
Venture Capital Firm # of rounds Companies
Kleiner Perkins Caufield & Byers 5 Agnion Energy, Ausra, Fisker Automotive, V-Vehicle, Zettacore
Khosla Ventures 4 Ausra, Cello Energy, HCL Clean tech, Transonic Combustion
Braemar Energy Ventures 4 Fulham, Nuventix, OPX Biotechnologies, Solazyme
Robeco Alternative Investments 3 AWS Eco Plastics, EPS Corporation, Turbine Air Systems
Draper Fisher Jurveston 3 Glycos Biotechnologies, Deeya Energy, Zettacore
VantagePoint Venture Partners 3 Alertme, Solazyme, Tendril Networks
Source: Cleantech Group (cleantech.com)

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