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U.S. Cleantech Venture Capital Investments Totaled $571.6 Million in Q1 2008

According to a recent Ernst & Young report based on data from Dow Jones VentureOne, venture capitalists invested $571.6 million in 34 cleantech* deals during the first quarter of 2008.  This figure represented an 18% increase from the $483.9 million invested during Q1 2007, according to the report. Total U.S. venture capital investment during Q1 2008 was $6.5 billion.

The report indicated that a significant portion of the cleantech financing were in three industry groups*:

  • Alternative Fuels - $178 million
  • Energy/Electricity Generation - $148.3 million
  • Energy Efficiency - $116.4 million

In commenting on the data, Joseph Muscat, Americas Director of Cleantech and Venture Capital, Ernst & Young LLP, said:

While solar and biofuels investments continue to grow, we’re observing increased investments in efficiency-related technologies as VCs balance their renewable energy portfolios with companies that have a shorter prospective time to exit.  Efficiency technologies are less capital intensive than renewables, which enable more venture capitalists to participate in the cleantech industry.

For more information:

*Ernst & Young uses the following definitions to classify the cleantech industry and its sub-sectors: 

Clean technology encompasses a diverse range of innovative products and services that optimize the use of natural resources or reduce the negative environmental impact of their use while creating value by lowering costs, improving efficiency, or providing superior performance.

  • Alternative Fuels - Biofuels; natural gas (LNG)
  • Energy / Electricity Generation - Gasification, tidal/wave, hydrogen, geothermal, solar, wind, hydro
  • Energy Storage - Batteries, fuel cells, flywheels
  • Energy Efficiency - Energy efficiency products, power and efficiency management services, industrial products
  • Water - Treatment processes, conservation & monitoring
  • Environment - Air, recycling, waste
  • Industry Focused Products and Services - Agriculture, construction, transportation, materials, consumer products

May 15, 2008 in Green Venture Capital, Greentech / Cleantech, Research and Reports | | Comments (0) | TrackBack (0)

Greentech Media Receives $2.75 Million in Series B Financing

Greentech Media

Greentech Media, a Cambridge, Massachusetts-based online media company, announced on Tuesday that it raised $2.75 million in Series B financing. This round was co-led by new investors EGORA Holding and The Massachusetts Green Energy Fund. Existing investors Lightspeed Venture Partners and Northport Private Equity also participated, along with new investor King Hill Capital.  Greentech Media previously raised a $1 million series A round in May, 2007.

Greentech Media said that it will use the new funds to expand its staff, news coverage, products, and sales efforts.  In conjunction with this funding news and its growth strategy, Greentech Media also announced the hiring of former CNET editor Michael Kanellos as senior analyst.

For more information:

May 15, 2008 in EGORA Holding, Funding News, Green Media, Green Venture Capital, Greentech / Cleantech, Greentech Media, King Hill Capital, Lightspeed Venture Partners, Massachusetts, Massachusetts Green Energy Fund, Northport Private Equity | | Comments (0) | TrackBack (0)

Astia and SDForum to Present Panel "Energy Efficiency" on May 20 (2008 Clean Tech Breakfast Series)

On May 20, Astia and  SDForum will present the second program in the 2008 Clean Tech Breakfast Series.  This program is entitled "Energy Efficiency" and will feature a panel that will provide insights into the challenges and opportunities in energy efficiency-related sectors such as wireless control system technologies, LED lighting, and smart grid systems.

The panelists for this event are:

This program will be held from 8:00 am - 10:00 am at Nixon Peabody, One Embarcadero Center, Suite 1800, San Francisco, CA 94111

The cost for SDForum members is $25 and $30 for non-members.  Further program information and registration can be found here. 

The schedule for future programs in the 2008 Clean Tech Breakfast Series is:

For more information:

May 14, 2008 in Astia, Conference and Events: Greentech / Cleantech, Energy Efficiency, SDForum, Silicon Valley | | Comments (0) | TrackBack (0)

TiECON 2008 to Take Place on May 16-17

TiECON 2008

TiECON 2008 will take place from May 16-17 at the Santa Clara Convention Center in Santa Clara, California.  This event is organized by The Indus Entrepreneurs (TiE) , a non-profit organization dedicated to fostering entrepreneurs.  The theme for TiECON 2008 is "Entrepreneurship Unbounded, Inspiration from the Front lines."

This event, which is expected to draw more than 4,000, will have information and resources for all types of entrepreneurs, including socially- and environmentally-focused entrepreneurs.  The event will include more than 200 speakers and a variety of networking opportunities.

Highlights of TiECON 2007 are available, including an extensive video collection (additional TiECON 2007 videos are also available via YouTube).  One presentation at TiECON 2007 was by Vinod Khosla (Founder, Khosla Ventures) on the topic "Energy Markets as Entrepreneurial Opportunities" (click image below for video):

TiECON 2007: Vinod Khosla

For more information:

May 14, 2008 in Conference and Events: Green and Social Entrepreneurship, Conference and Events: Green Business, Khosla Ventures, Silicon Valley, TiE (The Indus Entrepreneurs), TiECON 2008 | | Comments (0) | TrackBack (0)

Google.org Executive Director Dr. Larry Brilliant to Present at DFJ Entrepreneurial Thought Leaders Program on May 14

On Wednesday, May 14, Dr. Larry Brilliant, Executive Director of Google.org, will be the speaker at the DFJ Entrepreneurial Thought Leaders Program at Stanford University.  This program is also known as course Management Science & Engineering (MS&E) 472.   

The DFJ Entrepreneurial Thought Leaders Program is a weekly lecture series during the academic year where entrepreneurial leaders share their insights with the Stanford community.  The program is provided by Business Association of Stanford Entrepreneurial Students (BASES) and the Stanford Technology Ventures Program and is sponsored by Draper Fisher Jurvetson.

This program is free and open to the public and will take place on the Stanford University campus in Skilling Auditorium from 4:30 pm - 5:30 pm.  This program will also be available via podcast and video.

For more information:

May 12, 2008 in Business Association of Stanford Entrepreneurial Students (BASES), Conference and Events: Green and Social Entrepreneurship, DFJ Entrepreneurial Thought Leaders Program, Draper Fisher Jurvetson, Google, Silicon Valley, Stanford Technology Ventures Program (STVP), Stanford University | | Comments (0) | TrackBack (0)

Association of Strategic Alliance Professionals – Silicon Valley Chapter to Present "The Power of Green Alliances" on May 14

Association of Strategic Alliance Professionals (ASAP)

On Wednesday, May 14, the Association of Strategic Alliance Professionals (ASAP) – Silicon Valley chapter will present a program entitled The Power of Green Alliances. The event will be hosted by Intel Corporation and is co-sponsored by the Silicon Valley Leadership Group (SVLG). This program will feature panelists who will share insights into how strategic alliances can support and advance green innovation. The panelists include:

Topics to be discussed include:

  • Are alliances in environmental technology impacting product development?
  • Where is venture funding being placed and do alliances matter?
  • What public / private partnerships are in place and how what will we see in the future?
  • How are partnerships in green technology managed and what examples of best practices are we seeing?

This program will be held from 5:30 - 8:30 pm at Intel, 2200 Mission College Blvd, Santa Clara, CA 95054.  The advance registration cost for the program is $20 for ASAP members, $30 for partner members, and $40 for non-members.  The price is $45 for all if you register at the door. 

For more information:

May 07, 2008 in Association of Strategic Alliance Professionals (ASAP) – Silicon Valley Chapter, California, Conference and Events: Green Business, Conference and Events: Greentech / Cleantech, Silicon Valley | | Comments (0) | TrackBack (0)

CalCEF Angel Fund Launched

CalCEF Clean Energy Angel Fund

The CalCEF Clean Energy Angel Fund I, LP (CalCEF Angel Fund) announced in April that it completed an initial close on investment commitments and welcomes companies to apply for funding.

The CalCEF Angel Fund secured investments from a variety of limited partners including institutional and individual investors. The California Clean Energy Fund (CalCEF), a separate organization established in 2004, is the founding limited partner in the CalCEF Angel Fund.

The CalCEF Angel Fund will finance the seed / startup stage of companies in clean energy sectors including energy efficiency, green buildings, power reliability, and alternative energy.  The CalCEF Angel Fund expects its typical investment to be $300,000 – $500,000 and is planning to build a portfolio of 12 - 15 companies.

According to Susan Preston, General Partner for the CalCEF Angel Fund, "The funding gap for seed and startup companies was a driving force behind the establishment of the CalCEF Angel Fund. By supporting innovation in its earliest form, we have a chance to foster the clean energy solutions of the future."

For more information:

May 07, 2008 in CalCEF Angel Fund, California Clean Energy Fund (CalCEF), Green Entrepreneurs / Social Entrepreneurs: Resources, Green Funding Opportunities, Green Venture Capital, Greentech / Cleantech, Social Venture Capital (VC) | | Comments (0) | TrackBack (0)

Kleiner Perkins Caufield & Byers Expands Greentech Initiative with $500 Million Green Growth Fund and $700 Million KPCB XIII Fund

On May 1st, Kleiner Perkins Caufield & Byers (KPCB), a Silicon Valley venture capital firm, made two announcements on expansions to the firm's greentech initiatives.

KPCB's first announcement was the launch of its Green Growth Fund - a new $500 million investment fund designed to help accelerate mass market adoption of solutions to the global climate crisis.  The Green Growth Fund will be co-managed by KPCB Partners John Denniston and Ben Kortlang and extends the firm's current investment efforts, which have previously focused primarily on startups, to support companies that have moved beyond their initial stage.  KPCB Partner John Doerr said:

We urgently need to advance our greentech industry at a speed and scale commensurate with the challenges we face.  We believe green technologies are both the key to solving our energy crisis and a tremendous business opportunity.

One of the organizations providing a significant commitment of funding to the Green Growth Fund is Generation Investment Management (Generation), whose chairman Al Gore, former Vice President of the United States and Nobel Laureate, joined KPCB as Partner in 2007.  KPCB and Generation previously announced an alliance on November 12, 2007 to work together to find, fund and accelerate green solutions with the greatest potential to help solve the climate crisis.  Generation co-founder and Managing Partner David Blood said:

There is a significant gap between the capital needed and the capital currently deployed to create enduring solutions to the climate crisis. We're eager to deepen our collaboration with KPCB by working closely with the Green Growth Fund to identify growth-stage investment opportunities.

KPCB's second announcement was the formation of KPCB XIII, a $700 million fund that will include greentech in the scope of its investments (the other areas KPCB XIII will invest in are information technology and life sciences). KPCB XIII will primarily support early-stage entrepreneurs, while the Green Growth Fund will support companies in their growth phase. 

It is expected that KPCB partners working on greentech investments in both funds will work together and that this will provide benefits to KPCB portfolio companies in both funds.  According to Kortlang:

The venture and growth partners will work together as one team, in one office.  There’ll be many synergies: partners dealing with the more mature companies can contribute expertise with market dynamics, financing and regulation, while those involved with startups can offer cutting-edge technology insight and policy leadership. The common denominator in both funds will be exceptional company-building skills.

KPCB has began investing in the greentech sector and advocating policy innovations to address the climate crisis since 2002. The firm has committed hundreds of millions of dollars to more than 30 entrepreneurs in areas including power generation, fuel, transportation, energy storage, and energy efficiency.  KPCB's current greentech portfolio includes:

The following video is a presentation by KPCB Partner John Doerr from March 2007.

For more information:

May 02, 2008 in Generation Investment Management, Green Funding Opportunities, Green Venture Capital, Greentech / Cleantech, Kleiner Perkins Caufield & Byers, KPCB Green Growth Fund, Silicon Valley | | Comments (0) | TrackBack (0)

California Clean Innovation 2008 (CACI) To Take Place on May 9

California Clean Innovation 2008 (CACI) is a one-day conference focusing on the clean technology sector that will place on May 9th at the Thomas Bradley International Hall on the campus of UCLA.  This event is organized by MBAs, faculty, and staff from the UCLA Anderson School of Management, the Center for the Science & Engineering of Materials at Caltech, and the Rady School of Management at UCSD.

California Clean Innovation 2008 will feature educational sessions and opportunities for networking and business development.  There will be two keynote addresses, 12 panel presentations, a career and technology fair, and a FastPitch Business Case Competition with a $10,000 grand  prize.  The keynotes will be delivered by Ira Ehrenpreis (General Partner, Technology Partners) and Stuart Hemphill (Vice President, Renewable and Alternative Power, Southern California Edison).

For more information:

April 27, 2008 in California, Conference and Events: Green Financing and Venture Capital, Conference and Events: Greentech / Cleantech, Green Business Competitions and Awards, Greentech / Cleantech, Southern California | | Comments (0) | TrackBack (0)

California Clean Tech Open To Hold Technology & Entrepreneur Matching Event on May 1

California Clean Tech Open

The California Clean Tech Open, a business plan competition offering more than $600,000 in prizes for early-stage clean technology startups who plan to locate their operations in California, will hold a technology and entrepreneur matching event on May 1.  The goals of the event are to:

  • build awareness of relevant research and emerging technologies
  • connect entrepreneurs with laboratory researchers and technologists
  • provide a forum for entrepreneurs to meet and assemble Clean Tech Open teams
  • examine and expedite the path to commercial viability and market entry

The event will include opportunities for networking and brief presentations from the following Innovation Partners, who will provide an overview of successful commercialization efforts and current technologies they are developing:

This event will take place from 4:30 pm - 8:00 pm at SRI's International Building, 333 Ravenswood Avenue, Menlo Park, CA 94025 (directions and public transit, parking map).  The registration fee for this event is $20 for pre-registration and $30 at the door (cash only). This fee will be waved for competition entrants who have paid their entry fee. California Clean Tech Open sponsors and partners can attend for free, but should contact innovation@cacleantech.com for special arrangements.

For more information:

April 27, 2008 in Alternative Energy / Renewable Energy, California, California Clean Tech Open, Conference and Events: Green and Social Entrepreneurship, Conference and Events: Greentech / Cleantech, Green Business Competitions and Awards, Green Funding Opportunities, Greentech / Cleantech, Silicon Valley | | Comments (0) | TrackBack (0)

2008 Stanford Energy Crossroads Conference To Take Place April 30 - May 1

2008 Stanford Energy Crossroads Conference

The 2008 Stanford Energy Crossroads Conference will take place from April 30 - May 1 at Stanford University.  The theme of the conference is "Vision to Action: Sparking Global Change" and will feature keynote presentations and panels discussing opportunities for taking clean energy solutions into the mainstream.  Speakers will include:

The conference also includes a Clean Energy Expo that will highlight enterprises including cleantech startups, green architects and designers, green construction companies, sustainable product manufacturers, large corporations with green initiatives, journals with an energy focus, and many others.

For more information:

April 26, 2008 in Conference and Events: Greentech / Cleantech, Energy Crossroads, Greentech / Cleantech, Silicon Valley, Stanford University | | Comments (0) | TrackBack (0)

eSolar Receives $130 Million in Funding

eSolar

eSolar, an Idealab company based in Pasadena, CA that produces scalable solar thermal power plants, announced on Monday that it closed $130 million in funding from Idealab, Google.org, Oak Investment Partners, and other investors for the construction and deployment of its pre-fabricated power plants.  In January eSolar received $10 million from Google.org.

"eSolar’s primary business goal is nothing short of making solar electricity for less than the price of coal, without subsidies," said Bill Gross, eSolar Chairman and Founder of Idealab. "This is not only attainable, but will truly change the world."

eSolar’s distributed solar thermal plants are designed to address the complex issues involved in large or utility-scale power projects and are able to achieve economies of scale at 33 MW.  The modular design of these plants have a number of benefits, including requiring minimal land and yielding a low environmental footprint.

"The eSolar™ power plant is based on mass manufactured components, and designed for rapid construction, uniform modularity, and unlimited scalability," said Asif Ansari, CEO of eSolar. "Rather than over-engineering the solution, eSolar’s smart scalable solar architecture targets what we see as the four key business obstacles facing the sector: price, scalability, rapid deployment, and grid impact."

eSolar has secured land rights in the southwest United States to support the production and transmission of over 1 GW of power. eSolar will have a fully operational power plant later this year in southern California.

For more information:

April 22, 2008 in Alternative Energy / Renewable Energy, California, eSolar, Funding News, Google, Green Venture Capital, Greentech / Cleantech, Idealab, Oak Investment Partners, Pasadena, Solar | | Comments (0) | TrackBack (0)

Clean Tech Venture Capital Investing Totaled $625 Million in Q1 2008

Venture capitalists invested $625 million in 44 Clean Tech* deals in the US during the first quarter of 2008, according to the MoneyTree™ Report from PricewaterhouseCoopers (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters.    This figure represented a 6 percent decline in the dollar level in the Clean Tech sector from the fourth quarter of 2007 and a 51 percent increase from the first quarter for 2007.  Total venture capital investment in the U.S. during Q1 2008 was $7.1 billion for 922 deals.

The following chart illustrates the trend in venture capital investing in the Clean Tech sector since 1995, as determined by the MoneyTree Report (click for larger version):

Clean Tech VC Funding, 1995 - Present(MoneyTree Report)

In commenting on the Q1 2008 venture capital data NVCA President Mark Heesen said:

Despite the current economic downturn in the United States, venture capitalists are still putting money to work across multiple industries and stages of development. The continued interest in the life sciences and clean technology industries, as well as the traditional IT sectors, reflects the long-term investment horizon that the venture industry has always embraced. We do not expect to see significant declines in investment levels in the coming year. However, the dollars going to later stage investments could increase if the IPO window remains closed for an extended period of time and venture capitalists have to sustain companies longer than expected.

For more information:

*In the MoneyTree Report, the "Clean Tech" sector crosses traditional MoneyTree industries and comprises alternative energy, pollution and recycling, power supplies and conservation.

April 22, 2008 in Green Venture Capital, Greentech / Cleantech, Research and Reports | | Comments (1) | TrackBack (0)

California Public Utilities Commission Establishes California Institute for Climate Solutions and Provides $600 Million in Funding Over 10 Years

On April 10, the California Public Utilities Commission (CPUC) unanimously voted (5-0) to create and fund a new California Institute for Climate Solutions (CICS).  As described in the CICS charter, its mission is:

To administer grants for mission-oriented, applied and directed research that results in practical technological solutions and supports development of policies likely to reduce greenhouse gas emissions or help California's electricity and natural gas sectors adapt to the impacts of climate change.

To speed the transfer, deployment, and commercialization of technologies that have the potential to reduce greenhouse gas emissions or otherwise mitigate the impacts of climate change in California.

To facilitate coordination and cooperation among relevant institutions, including private, state, and federal entities, in order to most efficiently achieve mission-oriented, applied and directed research.

The CICS will receive $60 million per year in funding for 10 years via a new surcharge on ratepayer bills. In addition, the CPUC required that 100% of the $600 million ratepayer investment be matched with non-ratepayer funds over the 10-year period.   The CPUC also mandated that a minimum of 85% of the total CICS funding be allocated to competitively awarded grants for applied and directed research and development.

The CICS will have a Governing Board co-chaired by the CPUC President and the University of California President, with seats reserved for the State Senate and Assembly, and the Director of the CPUC's Division of Ratepayer Advocates. Other members of the board will be come from other state agencies, universities, utilities, private firms, underserved communities, and consumer/environmental advocacy groups.

In commenting on the creation of the CICS California Governor Arnold Schwarzenegger said:

California leads the nation in aggressively battling global warming with our policies to reduce greenhouse gases and our ambitious energy efficiency and renewable energy goals.  I applaud the CPUC for taking another important step by creating the California Institute for Climate Solutions, which will bring together the state's preeminent colleges, universities, and laboratories to fight climate change.

For more information:

April 18, 2008 in California, California Institute for Climate Solutions (CICS), California Public Utilities Commission (CPUC), Green Funding Opportunities, Green Government | | Comments (0) | TrackBack (0)

SDForum to Present "Opportunities for Startups in Green IT" on May 1 (Green and Clean Evening Series)

SDForum

On Thursday, May 1, SDForum will present the second program in its "Green and Clean" evening series.  This event is entitled "Opportunities for Startups in Green IT" and will highlight how start-ups are providing solutions and technologies to the infrastructure challenges faced by organizations, such as energy efficiency, cooling of data centers, and many others.  Panelists (listed below) will share insights from the entrepreneur and venture investor perspectives:

  • Chris Beekhuis - President and Chief Technology Officer, Fat Spaniel
  • Andy Leventhal - CEO and Co-founder, EcoSynergy
  • Mitchell Zuklie - Partner, Orrick (moderator)

This program will be held from 6:00 pm - 8:30 pm at Orrick, 1000 Marsh Road, Menlo Park, CA 94025.  The cost for SDForum members is $20 and $30 for non-members.  For more information:

April 18, 2008 in Conference and Events: Green and Social Entrepreneurship, Conference and Events: Greentech / Cleantech, Energy Efficiency, Greentech / Cleantech, SDForum, Silicon Valley | | Comments (0) | TrackBack (0)

SVASE to Present Program "Clean Tech: Green Buildings and Green Construction - What's In It For You?" on April 17

SVASE

On Thursday, April 17, the Silicon Valley Association of Startup Entrepreneurs (SVASE) will present a program entitled Clean Tech: Green Buildings and Green Construction - What's In It For You?, featuring a panel that will provide insights into challenges and opportunities for entrepreneurs and investors in the green building and green construction sectors. The panelists for this event are:

This program will be held from 6:00 - 8:30 pm at Cooley Godward Kronish LLP, 3175 Hanover Street, Palo Alto, CA 94304.  The advance registration cost for the program is $20 for SVASE members and $49 for non-members.  The price is an additional $10 if you register at the door.  For more information:

April 14, 2008 in Conference and Events: Green and Social Entrepreneurship, Conference and Events: Greentech / Cleantech, Green Building / Green Construction, Green Entrepreneurs / Social Entrepreneurs: Resources, Green Living, Green Venture Capital, Greentech / Cleantech, Silicon Valley, SVASE | | Comments (0) | TrackBack (0)

Foundation Capital’s New Fund Includes $250 Million for Cleantech Investing

Foundation Capital

Foundation Capital, a Menlo Park, California-based venture capital firm announced on April 7th that it has closed a $750 million venture capital fund (Foundation Capital VI) and that approximately $250 million of this fund will be used to expand the firm's cleantech practice.

Foundation Capital began investing in the cleantech sector in 2003 and had committed $150 million to this sector prior to yesterday's announcement.  Its current porfolio includes:

The firm stated that they are actively exploring investment opportunities in the cleantech areas that it had previously invested in -- energy efficiency and intelligence, green building materials and industrial processes, food quality, and clean water -- as well as in other areas including alternative energy and storage, advanced materials, carbon capture, and green consumer services and marketplaces.

For more information:

April 08, 2008 in Foundation Capital, Green Funding Opportunities, Green Venture Capital, Greentech / Cleantech, Silicon Valley | | Comments (0) | TrackBack (0)

Better World Books Receives $4.5 Million in Series A Financing

Better World Books

Better World Books, a Mishawaka, Indiana-based for-profit social enterprise that operates an online bookstore to fund literacy initiatives, has received $4.5 million in a Series A Preferred round of funding.  This round was led by Good Capital, which invested $2.5 million from its Social Enterprise Expansion Fund.  Eighteen private individuals also invested a total of $2 million in this round.  Kevin Jones, Principal and Co-founder of Good Capital, will also join the Board of Directors of Better World Books.

In the press release announcing this investment, Better World Books CEO David Murphy said:

This investment from Good Capital and other private investors will have a huge impact on our ability to promote and support literacy on a much bigger scale around the world.  Better World Books was founded on a simple belief that businesses can do good and do well at the same time. We are thrilled that Good Capital and our other partners have embraced Better World Books’ unique model with growth capital that protects our core values while providing the acceleration to help us expand our business.

Better World Books has more than two million new and used titles in stock in its online bookstore.  It acquires its used inventory through partnerships with more than 1,600 college campuses and 900 libraries nationwide.  Since its founding in 2003, Better World Books has raised $4.5 million for its non-profit literacy, library and college partners; saved more than 6,500 tons of books from landfills; and achieved 2,400 tons of carbon offsets through carbon-neutral shipping.  The company generated more than $16 million in revenue in 2007.

The following video provides additional information on the impact of Better World Books.

For more information:

April 07, 2008 in Better World Books, Funding News, Good Capital, Indiana, Social Enterprise Expansion Fund, Social Venture Capital (VC) | | Comments (0) | TrackBack (0)

2008 California Clean Tech Open Launched; More than $600,000 in Prizes to be Awarded to Entrepreneurs

California Clean Tech Open

On April 2nd, the 3rd annual California Clean Tech Open was officially announced.  The California Clean Tech Open is a business plan competition for early-stage clean technology startups who plan to locate their operations in California. 

There are six categories in the competition:

The winning team in each category will receive a prize package valued at more than $100,000, consisting of:

  • Cash prize of $50,000
  • Office space for one year
  • Legal services
  • Recruiting services
  • Accounting services
  • Public relations services
  • Insurance services
  • Marketing services

In addition to prizes for the winning teams, up to 60 finalist teams will receive a variety of services including mentoring and training.  All competition entrants are able to attend a number of events including an Executive Summary workshop.

The California Clean Tech Open will also be holding a launch event on Wednesday, April 9th, from 4:00 PM to 7:30 PM, at the San Jose City Hall Rotunda.  The event will be hosted by San Jose Mayor Chuck Reed and guests will include previous competition winners and participants, venture capitalists, competition sponsors and partners, state and local government officials, and cleantech entrepreneurs. There is no cost to attend the launch event, but you need to RSVP.

Update: A technology and entrepreneur matching event will take place on May 1.

For more information:

April 03, 2008 in Alternative Energy / Renewable Energy, California, California Clean Tech Open, Conference and Events: Greentech / Cleantech, Energy Efficiency, Green Business Competitions and Awards, Green Entrepreneurs / Social Entrepreneurs: Resources, Green Funding Opportunities, Greentech / Cleantech, Silicon Valley | | Comments (0) | TrackBack (0)

Astia and SDForum to Present Panel "Cellulosic Ethanol Technologies - What's Real?" on April 22 (2008 Clean Tech Breakfast Series)

On Tuesday, April 22, Astia and  SDForum will present the second program in the 2008 Clean Tech Breakfast Series.  This program is entitled "Cellulosic Ethanol Technologies - What's Real?" and will feature a panel that will provide insights into the challenges and opportunities in cellulosic ethanol commercialization and development.  The panelists for this event are:

This program will be held from 8:00 am - 10:00 am at AMD Commons Auditorium, 991 Stewart Drive, Sunnyvale, CA 94085.  The cost for SDForum members is $25 and $30 for non-members.  Further program information and registration can be found here. 

The schedule for future programs in the 2008 Clean Tech Breakfast Series is:

For more information:

April 03, 2008 in Alternative Energy / Renewable Energy, Alternative Fuels, Astia, Conference and Events: Greentech / Cleantech, Greentech / Cleantech, SDForum, Silicon Valley | | Comments (0) | TrackBack (0)

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