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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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CREATIVE BRAINSTORMING THE MIT WAY

In entrepreneur, Environment, finance, investment, Science, Technology, technology transfer, Venture Capital on April 6, 2010 at 11:29 am

Idea Explorer | MIT World.

This WONDERFUL WATERFALL OF WORDS reflects the range of ideas and concepts discussed at the Massachusetts Institute of Technology.  In keeping with the MIT tradition, the word count is infinite, as new words and ideas are added every day. Want to brainstorm? Go to the site and click on an idea and watch a video on the topic.

GOT AN IDEA? Add it to the infinite list and watch a video on the topic...

China’s Power Sources & Clean Energy Technologies Are Expanding: Some Companies to Know About

In agriculture, biofuel, Biotechnology, china, cleantech, Energy, Environment, finance, greentech, investment, maintech, Power Grid, Science, Sustainable, Technology, Venture Capital on February 11, 2010 at 2:23 am

China, the world’s largest polluting nation, is working with international organizations and private industry to develop cleaner energy models to combat climate change and meet demand for power in an economy that expanded 10.7 percent in the fourth quarter 2009.

By 2020, China aims to use 10 million tons of bioethanol and 2 million tons of biodiesel, replacing 10 million tons a year of petroleum-based fuel, Chen Deming, vice chairman of the National Development and Reform Commission, told a news conference.

The companies described here are not meant to be a complete list of Chinese companies engaged in clean energy nor is Bolton Hill Consulting, Ltd. making any specific recommendations with respect to these companies. The descriptions are provided here for information purposes only to help companies unfamiliar with China’s clean energy interests to better understand the rapidly changing landscape and some of the pivotal players in China.

The companies described below are powerful in China or have shown rapid growth. They may be working with American and European companies or they are likely to do so in the near future. These companies are acquiring foreign companies, setting up subsidiaries, developing new technologies and making innovative use of existing technologies.

A Large Scale Demonstration Project: China Renewable Energy Scale-up Program (CRESP)

The CRESP program was developed by the Government of China (GOC) in cooperation with the World Bank (WB) and the Global Environment Facility (GEF). Together, these entities have been implementing the Renewable Energy Scale-up program for China which aims to create a legal, regulatory, and institutional environment conducive to large-scale, renewable-based electricity generation in two Chinese provinces. The Institutional Development and Capacity Building component includes: Mandated Market Policy MMP research and implementation support; technology improvement for wind and biomass; and long-term capacity building.

  • In Fujian, a 100 MW wind farm at Changjiang’ao, Pingtan Island. The Pingtan wind farm will consist of wind turbines, associated civil and electrical works, an extension to an existing control room, a switchyard, and a 15 km, 110 kV transmission line from the wind farm to the Beicuo substation, which will be upgraded to meet the evacuation needs of the wind farm. In Jiangsu, a 25 MW straw-fired biomass power plant at Mabei Village, Rudong County.
  • The Rudong power plant will consist of one 110 ton per hour, high-temperature, high-pressure strawfired boiler, one 25 MW steam turbine, and associated mechanical, electrical, and civil works.

Get to Know These Companies:


1. China Huaneng Group Corp, China’s Largest Power Producer

  • The company may be planning to take its wind power unit public in a Hong Kong share sale this year worth at least $1 billion, said people familiar with the plan.

2. China Power Engineering Consulting Group Corporation or “The Group”

  • “The Group” is active in developing new clean technologies and leads the country not only in design of conventional thermal power plants, transmission and substations.
  • The Group Corporation has also carried out widespread international exchange and cooperation with many foreign enterprises groups and engineering companies.
  • The Group Corporation plays leading role in scientific research, standardization and technical information for power survey and design, undertakes new technological research and development, introduces, assimilates and innovates new technologies.

3. China Southern Power Grid Corporation Ltd.: Managing China’s Grid

China Southern Power Gird Corporation is administered by the central government,with independent budgetary status.The total assets of the new power gird operator surpass 203.8 billion yuan(US$24.10billion) and its registered capital is 60 billion yuan (US$7.23billion).Its main responsibilities are:to operate and manage power gird according to the law,ensure reliable power supply,plan the development of regional power gird,foster regional power market,manage power dispatching and trading center,and carry out power dispatching according to power gird operation laws and the market regulations.

4. China SDIC Power: Received Largest Capital Injection of Power Assets ever

China SDIC Power’ takeover of power assets from its controlling shareholder, State Development and Investment Company, for a consideration of RMB 7.69 Bn. After the transaction, SDIC power assets achieved a whole listing. This deal was the largest capital injection to a listed company by its controlling shareholder in 2009, and the largest capital injection of power assets ever. Along with the commission of a number of key power projects, such as cascade hydropower stations in the Yalong River Valley and Tianjin million-kilowatt extra supercritical thermal power station-a pilot project of circular economy, the total installed capacity of SDIC will reach 50000 MW by 2012, with total assets of SDIC’s power business exceeding RMB 140 billion.

Wind Power in China

  • Chinese wind power capacity doubled for the fifth time by end of 2009, to 25.1 gW by the end of 2009, a third of the global additions in the previous 12 months, according to the Global Wind Energy Council.

5. China Longyuan Power Group Corp, China’s Biggest Wind-Power Producer in December raised HK$20.1 billion in the world’s second-largest alternative energy initial public offering (IPO) since at least 1999, according to data compiled by Bloomberg.

6. Xinjiang Goldwind Science & Technology Co 002202.SZ,: Growing Chinese Wind Generator Manufacturer- The Group’s principal activities are manufacturing, marketing and selling large-sized wind generator sets. Other activities include introducing and applying wind generating technology; manufacturing and selling parts of wind generating sets; providing consulting services in building and operating wind generating plants; building and operating middle-sized wind generating plants. This company is already listed in Shenzhen, aims to raise $1.5 billion from a Hong Kong IPO in the first half of this year, sources told Reuters earlier.


Biofuel in China:


By 2020, China aims to use 10 million tons of bioethanol and 2 million tons of biodiesel, replacing 10 million tons a year of petroleum-based fuel, Chen Deming, vice chairman of the National Development and Reform Commission, told a news conference. “In the future, all the biofuel production will use non-grain crops,” Chen said.

7. China Clean Energy (OTCBB:CCGY) : develops and manufactures biodiesel and environmentally-friendly specialty chemical products made from renewable resources through its subsidiaries, Fujian Zhongde Technology and Fujian Zhongde Energy. It’s new plant (Oct. 2009)  has been designed to produce up to 100,000 tons of biodiesel annually or a combination of as much as 40,000 tons of biodiesel and 30,000 tons of specialty chemicals.

8. Novozymes in China: laboratory and research facilities have now doubled in size Novozymes has a total of around 200 employees in Beijing, including 100 or so working in research and development. Lykke Friis, the Danish Minister for Climate and Energy:“The idea behind the extension is to strengthen our research into biomass for advanced biofuels, made from waste materials such as straw. Here in China we’ve entered into partnerships with two important players in the field, namely COFCO and Sinopec.” Novozymes to Announce Details on Cellulosic Ethanol Technology February 16, 2010 at NEC Conference

9. China Biodiesel Holding Corporation: leading product is Biodiesel, while the sideline-products are oleic acid methyl ester,C16C18 fatty acid methyl ester, coconut oil methyl ester. The main market is located in mainland China, but abroad channels are maturing, including Europe, East Asia, and North America.  They report that their current total capacity is now 100,000 tons per annum (Feb 2010)

SDIC’s Hydropower Projects


Along with the commission of a number of key power projects, such as cascade hydropower stations in the Yalong River Valley and Tianjin million-kilowatt extra supercritical thermal power station-a pilot project of circular economy, the total installed capacity of SDIC will reach 50000 MW by 2012, with total assets of SDIC’s power business exceeding RMB 140 billion.
Investment Projects
10. SDIC HUAJING POWER HOLDINGS CO.,LTD.
11. ERTAN HYDROPOWER DEVELOPMENT COMPANY,LTD.
12. SDIC YUNNAN DACHAOSHAN HYDROPOWER CO,LTD.
13. SDIC QINZHOU ELECTRIC POWER CO.,LTD.
14. JINGYUAN SECOND POWER CO.,LTD.
15. GANSU XIAOSANXIA HYDROPOWER DEVELOPMENT CO.LTD.

US DOE International Solar Decathlon 2009 Winners & 2011 Rules

In building, cleantech, construction, Energy, entrepreneur, Environment, greentech, investment, maintech, Science, Solar, Sustainable, Technology, technology transfer, Venture Capital on February 10, 2010 at 5:56 pm

Clean tech gets big piece of venture-capital funding – USATODAY.com

In cleantech, Energy, entrepreneur, Environment, greentech, investment, Power Grid, Science, Solar, Technology, technology transfer, Venture Capital on January 13, 2010 at 12:44 pm

Clean tech gets big piece of venture-capital funding – USATODAY.com.

Venture-capital funding for clean-technology firms fell 33% in 2009 from the year before, but the sector fared better than others amid a dismal economy, data released Wednesday indicate.

More than $5.6 billion in venture-capital investment went to clean-tech firms — including solar, wind, energy efficiency, transportation and biofuels — last year, say preliminary data from market researcher Cleantech Group and finance firm Deloitte.

Total venture-capital investment has retreated to 2003 levels, but clean tech has reset only to 2007 levels, the Cleantech Group says. “It was a difficult year, but I see clean tech … as the best of the worst,” says Shawn Lesser, founder of finance firm Sustainable World Capital.

The money flow underscores that:

Clean tech has muscle. In 2004, the sector accounted for about 3% of venture-capital investment. That expanded to about 25% in 2009. The sector last year, for the first time, received more private venture capital than any other sector, including software, Cleantech Group says.

Efficiency and transportation are in. The top clean-tech recipient in 2009 was solar, which got 21% of it. But solar investment was down 64% from the previous year, while the transportation and energy-efficiency sectors had record years.

The drop for solar stems from several factors, including the big amounts of money needed to commercialize technologies, says Dallas Kachan, managing director of the Cleantech Group. Meanwhile, energy-efficiency firms — those concentrating on everything from lighting to green building materials — often need less money to bring products or services to market, may rely on more proven technologies and may pose less risk to investors. “They’re not reinventing the wheel,” Kachan says.

Last year, venture capital for transportation — for such things as electric cars and new battery technology — rose 47% to $1.1 billion. Investment in energy efficiency rose 39% to $1 billion.

North America may be slipping. The region is still dominant for clean-tech venture capital, but it’s getting a smaller share than it used to. Last year, North America received 62% of clean-tech venture-capital dollars, down from 72% in 2008, the Cleantech Group says. Europe and Israel took in 29% of 2009 dollars, up from 22% in 2008. That Europe and Israel increased their share of venture-capital funding may reflect the desire for investors to pursue less risky deals in markets where clean tech is already more widely deployed, Lesser says.

Bill Gates Wants a Green Agriculture Revolution: Here’s Tech That Can Drive It

In agriculture, cleantech, entrepreneur, Environment, greentech, investment, Science, Sustainable, Venture Capital on October 19, 2009 at 4:08 pm

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By Josie Garthwaite
Original content at earth2tech.com

bill-gates-agriculture

Excerpts below

At the World Food Prize in Des Moines, Iowa today, Gates announced that the Bill & Melinda Gates Foundation has awarded $120 million in nine new grants to organizations and research partners (including $15 million for the Alliance for a Green Revolution in Africa), to work on the effort, focusing primarily on small-scale farming in sub-Saharan Africa. In his speech Gates called for an end to the ideological division over the future of agriculture: “Productivity or sustainability — they say you have to choose. It’s a false choice,” he said. Rather, we need farming techniques that are both environmentally responsible and highly productive, and technology will help bridge the gap, he said.

Today’s grants are being awarded for projects including distribution of legumes that fix nitrogen in the soil and pest-resistant sweet potatoes, training for African governments to “draw on as they regulate biotechnologies,” help for women farmers in India to manage land and water resources sustainably and programs to deliver information to farmers via radio and mobile phones. The awards come as part of the $1.4 billion that the Gates Foundation has committed so far for agricultural development efforts — promoting techniques such as no-till farming (explained in the video clip below), rainwater harvesting and drip irrigation.

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The Gates Foundation has drawn criticism, as the Seattle Times points out today, for focusing too strongly “on technology solutions and higher yields, a path that risks repeating the mistakes of the original Green Revolution.” But a growing number of firms, including startups and small companies, are working on a new wave of agricultural tech that could play an important role in a real green shift.

via Bill Gates Wants a Green Agriculture Revolution: Here’s Tech That Can Drive It.

Climate change is raising the stakes for agricultural tech as the world population grows and the amount of arable land shrinks. According to the Environmental Protection Agency, farmers will have to deal with “increased potential” for extreme events like droughts, floods and heat waves,” and “enduring changes in climate, water supply and soil moisture could make it less feasible to continue crop production in certain regions.” More mouths to feed, plus less arable land and changing rainfall patterns, means growing demand for tech that lets farmers do more with less.

Venture capitalist David Anthony, founding partner of 21Ventures and a frequent co-investor with Quercus Trust, thinks that “aeroponic farming,” or farms in urban environments that use technology like LEDs to grow crops, will find a growing market. His firm invested in Aero Farm Systems, a New York-based startup that develops tech-heavy urban farming processes. In general, Anthony thinks that advanced farming techniques are an under-invested area where his firm sees promise.

A slew of companies are also working on smart water management technology, and some of them could extend to agricultural applications. PureSense, for example, uses soil moisture sensors and sends data via wireless networks to irrigation control systems.

Other companies are helping small-scale farmers bring their surplus foods to market using technology and the broadband age. Take FarmsReach, a California startup that won the audience choice award at our Green:Net conference in March. The 2-year-old company has developed a web marketplace to make it easier for buyers, such as restaurants, hospitals and schools, to order produce from nearby farmers, and for farmers to manage their sales and deliveries.

FarmsReach has been designed with the U.S. food system in mind, but other iterations — perhaps utilizing mobile devices for areas without ready computer or broadband access — could be useful elsewhere. Gates spoke to that need today, urging food companies to “buying power to provide markets for small farmers,” although, “the logistics might be more complex at first.”

Of course, the farmers and communities that the Gates Foundation is seeking to serve with these grants need low-cost solutions, and much of the technology emerging from startups right now still has a ways to go on the cost curve. As Pacific Institute co-founder Peter Gleick put it at this year’s Clean-Tech Investor Summit, “It’s entirely possible to create brilliant water technology that the places that need it the most can’t afford.” So we second the call from Gates for a “greener” revolution, with an extra nudge for startups to  put technology to work for small farmers and the planet.

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Photo credit Bill & Melinda Gates Foundation

Cleantech VC funding up in Q3 – BloggingStocks

In cleantech, Energy, Environment, greentech, investment, maintech, Sustainable, Technology, Venture Capital on October 11, 2009 at 12:35 pm

Cleantech VC funding up in Q3

Posted Oct 2nd 2009 3:20PM by Tom JohansmeyerTom Johansmeyer RSS Feed

Venture capital investment in clean technology grew 10% from the second quarter to the third this year. According to a report by the Cleantech Group and Deloitte, 134 companies received investments of $1.59 billion – up from $1.2 billion in the second quarter. The sector’s upward trajectory continues, with last quarter marking the second in a row of double-digit growth. In the first quarter of 2009, venture capital investment in cleantech companies hit a low of $1 billion.

The strong third quarter has made the cleantech sector the largest in the venture capital business, according to the Cleantech Group, pulling ahead of biotech. Twenty-seven percent of venture capital funds invested in the second quarter of 2009 went to cleantech companies – up from 3% at the beginning of 2004.

via Cleantech VC funding up in Q3 – BloggingStocks.

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.

VC fundraising hits 7-year low – Washington Business Journal:

In Venture Capital on July 13, 2009 at 4:19 pm

VC fundraising hits 7-year low – Washington Business Journal:.

VC fundraising hits 7-year low – Washington Business Journal

washington.bizjournals.com The recession caught up with venture capitalists. The firms raised $1.7 billion in the 2Q ’09, the lowest quarterly raise in > 7 years. Only 25 firms reported raising money nationally, (Thomson Reuters & the National Venture Capital Association). The $1.7 billion raised in 2Q of 2009 < 1/5 of the 2008 2Q total of $9.3B when 82 firms raised money.