Technology Driven Enterprise & Economic Development for the BECC by L. (Marty) Murphy Manager, NREL Enterprise Development Program Nov. 17, 2008. Sacramento, CA 1 Public Private Partnerships - Going Beyond R&D & Bridging the Gap
Enterprise Development Program Mobilizing Capital Reducing Risk - Fostering Economic Development 2 Ongoing Enterprise Development Efforts Forums Accelerating NREL Commercialization and Innovation management CO CleanTech Initiative and fostering economic develop t Partnerships; e.g. Collaboratory, COCTO Incubators and the Clean Energy Alliance EDP Drivers Need for earlier market focus Understanding & engaging Financial food chain Addressing Perfect Storm Sea change in gov t perspectives markets More $ s available than risk appropriate deals
Example: Partnering with Industry -NREL IP and New Product Development IP NREL Expertise & Facilities:e.g. for an Optimized Inkjet Metalization Process New Industry Applications & Products New Markets & Profits 3 Partnerships for Innovation and Product Development Partnerships for Innovation and Product Development
4 Renaissance, Denver Hotel October 28th - 30th, 2008 NREL is a national laboratory of the U.S. Department of Energy, Office of Energy Efficiency and Renewable Energy operated by the Alliance for Sustainable Energy, LLC
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Presenters (138 companies) at Forums 16 th through 20 th have (Data from New Energy Finance): Raised over $1.76 B $1.698 Billion in private transactions $64 Million in public funding IPOs: 5 Acquisitions: 6 Mergers: 2 The 21 st NREL Industry Previous Forums Growth Forum 6
The Next Forum - in Denver - Join Us!! 22 22 nd nd November, 2009 in Denver, CO www.cleanenergyforum.com 7
One Key: Growing & Attracting CE Businesses Technology Creation Market Focused Biz and Product Development Early Commercialization Cash flow Cash Flow Valley of Death Gap Time Typical, primary investors DOE/NREL and States Entrepreneur, Seed Angel Investors Venture Capitalists Expansion Capital Project Financiers Stock owners 8 Public sector Private sector 03206803
Traversing the Gap & Getting Technologies into Market Focused Products and Businesses Innovations Enhanced Acceleration, Yield, Connectivity, & Cost Effectiveness Tech & P Maturation A focus on mentoring with successful, serial entrepreneurs Market Validation Early Seed Businesses Market Feedback Financeable Businesses CO Jobs Energy Security CO Industry Environmental Q 9
& Mentor Student Teams for Accelerating Commercialization Of NREL Technologies Support for Mentors Students CU Deming Center, DU Stanford, Harvard, MIT 10
Colorado Clean Tech Initiative: Stimulating the Local Economy CCI An open / interactive forum for Entrepreneurs, Investors, and other supporting business Key CleanTech Cluster building block Robust business mentoring network Virtual Incubation Pulls Technology from Collaboratory, & other Ties to investors; e.g. RVC, IGF Results 25/75 Join the Colorado CleanTech Initiative to stimulate our local economy by creating a community for Clean Technology product oriented companies: National Renewable Energy Laboratory NREL CORE Connected Organizations for a Responsible Economy Rockies Venture Club Denver Metro Chamber of Commerce CCI Colorado CleanTech Initiative Building the Colorado Clean Energy /Clean Tech Cluster HEADS UP!!!!!! February 27, 2007 4:30 pm to 7:30 PM Denver Metro Chamber of Commerce Building 1445 Market Street, Downtown Denver 5 th Floor Conference Room In Coordination with National Renewable Energy Laboratory (NREL), Colorado Entrepreneurial Hothouse Initiative, CORE (Connected Organizations for a Responsible Economy), Rockies Venture Club, and Denver Metro Chamber of Commerce Present: Business Case Presentations: Community Biofuels Corp. (CBC) by Ravi Malhotra CBC intents to establish solid biofuel production facilities at various locations in Colorado and elsewhere using primarily biomass waste mixed with other waste streams available locally. CBC s first facility will be in Canon City in partnership with Aquila Inc., the local utility, to co-fire CBC s engineered biofuel at their coal-fired power plant. Porous Power Technologies, LLC (PPT) by Tim Feaver Toyota has announced plans to sell over a million lithium-ion-based Hybrid Electric Vehicles annually within the decade. PPT s patent-pending high-porosity battery separator membranes (named the 2005 Advanced Energy Storage Technology Innovation of the Year by Frost and Sullivan) will allow these and most other lithium-ion batteries to charge up to 50% faster, to increase capacity up to four times under heavy load, and to cycle 50% longer. & The Second Annual Colorado Sustainable Business Medal of Honor Winners will be announced at the CCI meeting and will be introduced at the Second Annual Sustainable Opportunities Summit March 1. If you re involved, or even just interested in the Clean Tech scene here in Colorado, don t miss this excellent opportunity to learn about the CleanTech marketplace. 11 Please RSVP by emailing bud@corecolorado.org or calling 303-592-4066 Refreshments will be served. $10 admission charge.
Colorado Clean Tech Initiative Progress CO Companies ~40 ~75 ~150-175 175 CO IGF Applications CO IGF Presentations 2006 19 th IGF 2007 20 th IGF 2008 21 st IGF 5 22 48 2 / 110 5 / 130 9 / 168 CO IGF Awards 1 4 12
CO Clean Energy Hub & the new energy economy Colorado 13
Achieved Results* A DOE/NREL investment of about $2.5M, in a select group of the nation s top incubators, has catalyzed: * As of 11/07, updated with 10 of 17 incubators The Alliance is Growing! 7 new Incubators (home to more than 20 companies) join for `07 14 79 Graduate companies *(c) 120 Technologies commercialized *(c) 2672 employees (Jobs!!) in the companies *(c) $184 million in capital raised by companies *(c) $276 million in revenues *(c) $14.6 million in state money *(c) $26.1 million in other leveraged funds *(c) 125 Clean Energy company clients now in Incubators *(c) = cumulative results 2002-2007
http://www.nrel.gov/technologytransfer/entrepreneurs/directory.html Clean Energy Investors Directory Status of this Directory: This directory is a partial list of investors 15 interested in clean energy technologies. Please note that this list is not all-inclusive and contains only information provided by the investors. We are currently processing information from additional firms, and will continually update the directory as we receive information from additional investors. We also intend to add more capabilities (such as sorting) at a later date. Using this Directory: Because of binding legal requirements, NREL does not -and cannot - endorse the use of any particular firm. This directory is provided as an information service for our clean energy entrepreneurs and investor colleagues. We encourage all users of this information to perform their own "due-diligence" on potential investment and other strategic partners. This includes working with your own legal, financial, and other expert advisers/counsel to facilitate discussions and negotiations, and making any decisions or selections based on the most complete information. However, we hope this directory will give you a good starting point for your entrepreneurial venture. Becoming a Part of this Directory: If you are an investor and want to be included in the directory, please provide us with your information at the Clean Energy Investor Contact and Information Summary. A-D E-M N-Z
Appendix Contact: Dr. L. (Marty) Murphy Manager, Enterprise Development Program 303-275-3050 lawrence_murphy@nrel.gov 16