CleanTech Venture Capital Interest

Document Sample
CleanTech Venture Capital Interest Powered By Docstoc
					?CleanTech start-ups are grabbing increased interest and investments from venture
capital groups that placed almost $2 billion into eco-friendly companies last year and
increased the funding pace with another $773 million during the first quarter of 2010.
Clean energy business owners and industry professionals attending EngEx 2010 will
hear more about the growing investor confidence in renewable energy from Will
Coleman, a partner at Mohr Davidow Ventures and a member firm of the National
Venture Capital Association (NVCA), during his keynote address, "CleanTech and
Venture Capital Funding," on July 29.

Lisa Bicker, president and CEO of CleanTECH San Diego, will open the three-day
conference at the San Diego Convention Center. Ms. Bicker leads the non-profit
membership organization of business and financial leaders, academic and research
institutes, and government and non-profit organizations committed to accelerating San
Diego's clean technology economy. CleanTECH San Diego currently ranks seventh
on the 2010 Cleantech Network Top 10 List Cluster Organizations. The network
provides investors, entrepreneurs, and Fortune 1000 global corporations the latest
industry market intelligence to help its clients meet consumer and government
demands for improved environmental quality.

Mohr Davidow is a leading early-stage venture capital firm investing in people and
technologies that redefine markets. For more than 25 years, the firm has partnered
with entrepreneurs initiating innovation and building companies in areas associated
with Driving the Digital World, Personalizing Medicine and Powering the Planet. The
firm currently has $2 billion under management.

More than 450 member firms make up the NVCA, the premier trade association for
the nation's venture capital industry, which supports entrepreneurial activity and
innovation.

Fueling Economic Growth

As the economy continues its sluggish recovery, many corporate stocks remain
depressed. However, U.S. clean-energy companies enjoyed a stock index rise of 25%
from February 2009 to February 2010, according to Clean Edge, Inc, the world's first
research and publishing firm devoted to the clean-tech sector.

By 2018, CleanEdge predicts that the global market for biofuels and wind and solar
energy will reach $325 billion, fueled by the increasing number of companies and
organizations, like the U.S. Postal Service and Waste Management Inc., which are
transforming their delivery vehicles into green hybrid fleets. According to the State of
Green Business 2010 report by Greener World Media Inc., clean-energy technologies
accounted for 1,125 patents issued in 2009 and, in a year when commercial
construction all but halted, green certifications for new and existing buildings grew
faster than ever.
About EngEx
EngEx 2010 conference & exhibition is being held at the San Diego Convention
Center from July 29 to 31st. EngEx focuses on energy, water, infrastructure, and
environmental technologies. The goal of EngEx is to bring engineers, business leaders,
entrepreneurs, government agencies, students, professors, and researchers together to
collaborate about practical solutions that address today's energy, water, infrastructure,
and environmental concerns and to help revive the economy.

Additionally, EngEx offers over 30 workshops over three-days between government
and private sector to provide access to over $500 billion dollars given annually in
government contracts, grants, exports and financing. .