Cleantech Open applicant webinar

Post on 06-May-2015

10.330 views 3 download

Transcript of Cleantech Open applicant webinar

Cleantech Open2014 National Webinar

Tuesday, April 29, 2014

2 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

Welcome to Startup Success 101:

How to Make Darn Sure (or Near as Darn it)That Your Application is Accepted

in the 2014 Cleantech Open Accelerator

Tips for applying successfully to the world’s largest cleantech accelerator

The Webinar will start at 10:30am, PDT.

3 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

Welcome to the National Webinar Series

•With the Cleantech Open since 2007•Mentor Chair 2007 - 2008•Executive Director 2009 - present

MC: Rex Northen,Executive Director, Cleantech Open

4 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

This is Not an Exercise … It’s About

Real ProblemsReal SolutionsReal Money

#cleantechopen

5 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

It’s About a Global Challenge …

6 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

Energy demand soaring

Consumption skyrocketing

Oil supply peaking

Fresh water increasingly contaminated

Waste is filling land and oceans

7 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

Accelerate Hard

Join the planet’s largest cleantech accelerator – the place to accelerate your business into the fast lane

8 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

Cleantech Openthe World’s Largest

Clean Technology Accelerator

2,000+ volunteers 8 regional US accelerators covering 50 states

100+ annual events in 26 key U.S. metro areasGlobal Ideas in 23+ countries

Global Accelerator in 6 countries

Who We Are

9 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

Quick Facts

founded

a not-for-profit

volunteer professionals(US only)

alumni companies

$ raised by alumni

annual events in 26 Cities (US only)

2005

501(c)(3)

2,000+

865

$900M+

100+

10 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

Our Mission (What)

The mission of the Cleantech Open is to find, fund and foster entrepreneurswith big ideas that address today’s

most urgent energy, environmental and economic challenges.

11 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

Deliver a reliable, repeatable process that increases the chances of making a cleantech startup successful … You will progressively “de-risk” your business,

with the aim of making it more attractive to prospective investors and customers.

Our Goal (How)

12 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

The Cleantech Open Ecosystem (How)

Metro/State

Regional

National

We foster emerging businesses by surrounding them with local, regional and national resources, and connect other stakeholders across geographical boundaries

We foster emerging businesses by surrounding them with local, regional and national resources, and connect other stakeholders across geographical boundaries

13 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

Competition or Accelerator?

It’s BothAccelerator Program

TrainingMentoring

Access to CapitalShowcases

Competition

14 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

It’s …

Training

• 1,000+ participating mentors nationally: generalists and specialists

• 20+ Business Clinics nationally

• Regional event and showcases• Global Forum• Press exposure

• Relationships with Strategic Investors• National Investor Series: “Pitch Panels” |

“Networking Receptions” | “Investor Connect”

• National Academies, National Webinars, Regional Training

• Mock Judging, Business Clinics

Mentoring

Access to Capital

Showcasing

15 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

Over 100 National & Regional Events …

Annual Launch (Feb/Mar) Breakfast Briefings (Jan-Apr) Organizers’ Congress (Mar)

Investor Mixers (April - Sep) Regional Awards (Oct) Global Forum (Nov)

16 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

… plus Training, Mentoring, Capital, Showcases

Regional and National Media Academies (Jun) Training Program (Jul-Sep)

Business Clinics (Aug-Sep) Speed Investing Exhibit Booths (Conference, Forum)

17 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

It’s 10 Steps of Business Model Training and Mentoring, and Insights From World-Class Experts

Steve BlankEducator and author The Startup Owner's Manual

Rodrigo Prudencio Partner, Nth Power

Trond UnnelandVP and Managing Executive, Chevron Technology Ventures

Andrew ChungPartner, Khosla Ventures

Jenny Kassan, CEO, Cutting Edge Capital

Dave Graham,Founding Partner GreenStart

Matthew Trevithick, Partner, Venrock

Guy Kawasaki Special Advisor Motorola Business Unit of Google

Eileen Tanghal, Sr. Investment Director, Head of Applied Ventures

Speakers at previous Academies and Webinars include …

18 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

It’s a Pathway to Winning Awards

$20,000 in cash and services* (1-5 Finalists per region)

~300 Applicants ~150 Regional Semifinalists

up to 30 Regional Finalists up to 8 Regional Sustainability Winners

up to 8 National Category Winners

One National Winner

One National Sustainability Winner

$10,000 in cash and services*

Participation in training, mentoring, access to capital, showcasing

$200,000 in investment and services*

*All cash prizes may be in the form of a seed investment (convertible note) and are subject to change

Highlights & Success Stories from the Cleantech Open Accelerator (US)

20 Cleantech Open Confidential Information – All Rights Reserved

Highlights & Impact Since 2006

• 865 alumni companies

• 100+ regional and national events

• Expansion to all 50 states

• Over 60% of all Cleantech Open graduate companies are still active

• Over $900M in funding reported

• Over half of all active companies have raised investment capital averaging over$2 million per company

21 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

Small Sample of Funding (over half of graduates raise $)

COMPANY CLEANTECH OPEN STATUS FUNDING

Adura Technologies 2006 Energy Efficiency Winner Western Region $25.5M

Alphabet Energy 2009 Energy Efficiency & Sustainability Winner Western Region $29M

Aurora Biofuels 2006 Transportation Runner -UP Western Region $64M

EcoFactor 2009 National Grand Prize Winner Western Region $13.9M

Enervault 2009 Smart Power Semifinalist Western Region $24.5M

FloDesign 2009 National Grand Prize Winner Northeast Region $143M

PowerAssure 2008 Smart Power Winner Northeast Region $35M

Halotechnics 2006 Renewable Energy Finalist Western Region $7.4M

Mission Motors 2007 Transportation Finalist Western Region $14.7M

FinSix (OnChip) 2010 Category Winner Northeast Region $5.2M

SustainX Energy 2008 Finalist Northeast Region $20M

Xolve 2010 Finalist Midwest Region $6M

22 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

Success Stories

FloDesign Wind Northeast Region2008 Regional WinnerNext generation wind turbine$143m raised to date

EarthClean Midwest Region2010 Regional WinnerGreen fire suppression$4m raised to date

Mission MotorsWestern Region2007 Regional Winner2010 Alumni winnerAdvanced electric powertrains$14.7m raised to date

23 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

Success Stories

Liquid PistonNortheast 2006Hyper-efficient compact engineRaised $21.5M to date

Sedona SolarRocky Mountain 2012InteliTrack Rail Tracking Systems follow the sun to capture 40% more energy from each panelPartnered with Maruntech Enterprises in India.

SunBug Solar Northeast 2008 Solar energy consulting and installation company Strategic partnerships with multiple panel makers and finance partners.2012 Angies's List Super Service award in solar.

24 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

Success Stories

Sustainable Systems Int’lSoutheast 2012 Sustainability WinnerSelling the MilkPod™, a self contained bulk milk chiller to collect milk in remote villages 2 demo units to Nestlé Kenya

Whole Trees StructureNorth Central 2011 National Category winnerWhole tree modular structural building systems that can replace steel$100,000 SBIR grant42 tons CO2 abated, 12 tons water saved in 2013

OscompNortheast Region, 2011 Compressed natural gas delivered by truck--virtual pipeline solutions$13.1M investment including Chevron.Distribution deal with Global Partners LP in New England

25 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

Success Stories

Cool EnergyRocky Mountain 2009Sustainability WinnerLow temperature Stirling Engine converts waste heat into energy & boosts gen-set output by 20%$1M DOE grant in 2013 to build and test 1st 20kW prototype.10 patents granted

SolumWestern 2009Soil testing, agricultural sensingOpened 12.5K sq ft lab in Ames, IA$17m Series B in 201225 employees

CerahelixNortheast 2012National FinalistInvented the first ceramic filter that filters at high purity and low pressureAwarded $1M Phase II SBIR

26 Cleantech Open Confidential Information – All Rights Reserved

Power Assure

2008 Winner2008 Sustainability Award WinnerOn-demand energy efficiency• Received a $5 million grant from

the U.S. Department of Energy• Won $2.5 M Series A funding from

DFJ• $14.5 M Series B including

investment from Dominion Resources

27 Cleantech Open Confidential Information – All Rights Reserved

“I had been mentoring Power Assure and was tremendously impressed by their technology, team, and plan. At a break in a Cleantech Open meeting, I introduced myself to Josh Rafaelli in a chance meeting in the hallway at WSGR. We talked and he mentioned he was a VC at DFJ.

I gave a short pitch for Power Assure and that led to our first meeting at DFJ, at which Donnie Foster did an outstanding job. With support from Clemens Pfeiffer [another Cleantech Open mentor], they converted that meeting into seed funding and that led in turn to this $2.5M Series A.”

Power Assure – Ed Murray

Ready to be a Success Story?

29 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

Eight U.S. Regions

30 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

Eight Technology Categories

Chemicals & Advanced Materials

Information & Communications Technology

Green Building

Transportation

Energy Generation

Energy Efficiency

Agriculture,Water & Waste

Energy Distribution & Storage

31 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

It’s an Action-Packed Year2014 Accelerator Calendar (US)

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

Jul-SepNational Webinars Aug RegionalBusiness Clinics

Tue, Sep 9AcceleratorDeadline &Global Ideas CompetitionDeadline

Thu, Sep 18RegionalMock Judging

Late Sep –mid-OctWed. Oct.29 (NE)Regional JudgingRegional Awards

Thu-Fri, Nov 13-14 Global ForumJudging & “Connects” (11/13); Expo, speakers, gala dinner (11/14)

Feb/MarAccelerator Launches (by Region)

Wed, Jun 4Accelerator ParticipantWelcome Webinar

Tue-Wed, Jun 17-18 (Columbia U – NYC)National AcademyEast Coast

Fri-Sun, Jun 27-29National AcademyWest Coast

Thu, May 1Accelerator Application Deadline

Wed, May 21Accelerator Participants Announcement

APPLICANT RECRUITMENT (OCT ’13 – APR ‘14)

TRAINING (JUN– SEP)

NETWORK BRIEFINGS (JAN ‘14 – APR ’14)

May 20DC Int’l Event

Sat, Mar 1Super Early Bird DeadlineTue, Apr 1Early Bird Deadline

32 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

Get a Head Start … Apply Early!

*Student teams must have a full-time student as Team Leader and at least half the team must be students.

To qualify for early-bird pricing you must pay for your application no later than 5pm (Pacific Time) on the dates below, and you must complete your application no later than 5pm (Pacific) on May 1.

Pay By Date Application Fee

March 1 (Nov – Mar 1)Super Early Bird

$40 per team (professionals)

$20 per team (students)*

April 1 (Mar 2 – Apr 1)Early Bird

$90 per team (professionals)

$40 per team (students)*

May 1 (Apr 2 – May 1)Final Deadline

$140 per team (professionals)

$90 per team (students)*

If Accepted Participation Fee

June 1 –- Participation Fees Due $475 per person (minimum of two people per team)

33 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

2014 Accelerator Criteria & Participation Fee

• Application Criteriao $1m max in external private financing, cumulativeo $5m max from grants or friends and family, cumulativeo 1 US resident, citizen or legal alien minimum per team

• Participation Fee (as Accelerator Participants)o $475 Per Person + $50 for LaunchPad Central (just announced)o 1% contribution to the equity pool*o Minimum of 2 members per team requiredo Heavily subsidized by sponsors and the generous contributions

of many volunteers across the country

* Not optional – but you may withdraw your equity pool participation at any time up to Oct 1 this year

34 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

The Equity Pool

35 Cleantech Open Confidential Information – All Rights Reserved

Participation Fee Includes …

• Participation at the National and/or East Coast Academy• Participation in all Training: Webinars, Business Clinics, Mock Judging• Participation in Mentor, Investor, Sustainability Programs• Meals at National and/or East Coast Academy, Global Forum*• Exhibition space at Regional Events and Global Forum*• Tickets to all regional and most national events^• Academy and Webinar training materials• Access to LaunchPad Central for highly discounted fee of $50/user• Autodesk® Product Design Suite Ultimate* Most, but not all of your meals will be catered at our events. ^ Excluding National VIP Events/Receptions.

#cleantechopen

36 Cleantech Open Confidential Information – All Rights Reserved

Why Apply?

• Up to 30 of this year’s participating companies will each walk away with up to $20,000 in cash and services

• One startup will land the grand prize of $200,000 in investment and services*

Picture Yourself Here

2013 National Grand Prize WinnerPowWow, Western Region

#cleantechopen*All cash prizes in the form of a seed investment (convertible note) and are subject to change

37 Cleantech Open Confidential Information – All Rights Reserved

#cleantechopen

Summary – What’s in it For You?

Participation in the Cleantech Open’s ten-step process: a proven, step-by-step program to maximize your chances of building a great cleantech business

Access to the world’s largest pool of cleantech mentorsPremium software package from Autodesk worth $10,000+ free to every participating startup

Access to media, investors, prospective customers. Let the world know you’ve been accepted into the program and you’ll create immediate buzz

Participation in the amazing Cleantech Open Academy in June

Local entrepreneurship activities: mixers, receptions, connections, resources, mentors, workshops, business clinics, July to September

Showcase and connections at the:- Regional Awards and Expo in October - Global Forum Awards, Expo and Investor Connect in November

#cleantechopen

Thank You to Our Sponsors

39 Cleantech Open Confidential Information – All Rights Reserved

Global Partner

#cleantechopen

40 Cleantech Open Confidential Information – All Rights Reserved

National Premier Sponsor

#cleantechopen

41 Cleantech Open Confidential Information – All Rights Reserved

National Sponsors

42 Cleantech Open Confidential Information – All Rights Reserved

Our Regional Sponsors

#cleantechopen

Make the Difference – Join the Cleantech Open

• Apply for the world’s largest cleantech accelerator• Volunteer to become an active part of driving our programs• Mentor the startups that will create jobs & save the planet• Partner to connect your network with our evolving ecosystem• Sponsor to build your brand and gain privileged access• Donate to help us help more cleantech entrepreneurs thrive• Attend Regional & National Events

Connect | Enable | Accelerate

www.cleantechopen.org

#cleantechopen

44 Cleantech Open Confidential Information – All Rights Reserved

www.cleantechopen.org/launchhere

Launch Here

www.cleantechopen.org/launchhere