Diversifying Florida’s Economy: Cleantech Cluster...2010/10/25 · ¾Become Cleantech innovation...
Transcript of Diversifying Florida’s Economy: Cleantech Cluster...2010/10/25 · ¾Become Cleantech innovation...
Diversifying FloridaDiversifying Florida’’s Economy: s Economy: Cleantech ClusterCleantech Cluster
Sena BlackEnterprise Florida
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Cleantech Cluster Strategy
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CleantechMicrositeeFlorida.com/Cleantech
• Cleantech Market Brief• Industry Newsletters• Expansion Assistance
• Cleantech Market Brief• Industry Newsletters• Expansion Assistance
• Latest Buzz• Current News• Fresh Content• RSS Feed
• Latest Buzz• Current News• Fresh Content• RSS Feed
• Industry Quick Links• Industry Quick Links• Cluster Videos•EFI YouTube Channel Feed
• Cluster Videos•EFI YouTube Channel Feed
Thought Leadership•Webinars•White Papers•Podcasts
Thought Leadership•Webinars•White Papers•Podcasts
Florida In Depth•Cluster Snapshot• Market Brief
Florida In Depth•Cluster Snapshot• Market Brief
• Cluster Map• Cluster Map
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• Environmental Remediation• Biofuels• Solar • Energy Storage• Smart Grid• Ocean Energy• More in future……..
Marketing Florida Innovations
Strategic Alliances:
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Large Growth Market
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Potential for Job Growth
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Increase in VC Investments
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Top VC investment States (# deals)
1. California2. Massachusetts3. Texas4. Washington5. New York
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California – the leading state
Captured most VC dollars: 40% of total $Highest number of deals 4X as many venture backed deals as Massachusetts 6X as many venture backed deals as Texas
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Silicon Valley 3.0
Clean tech start-ups replacing IT as major growth sector (WSJ, Oct. 21, 2001)
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Why? Multiple drivers
• Large entrepreneurial base• R&D (universities, labs) • Early-stage capital• Supportive state and local policies for
innovation • Clean energy policies
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Florida
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Florida cluster growth strategy
Become Cleantech innovation hub – R&D Advance Cleantech Commercialization
Incubators, matching grants, “gap funding”Expand VC market in Florida
“Valley of death” – early stage seed capital Florida Opportunity Fund, Florida Growth Fund
Attract innovation and capital intensive projects
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Attraction/Expansion: Some Early Results (2008-10)• Projects: 18• Projected Jobs: over 2,000• Projected Investment: over a billion dollars • Broad representation:
– Cellulosic ethanol manufacturing– Solar/wind turbine manufacturing– Lithium-ion battery manufacturing– LED lighting – Biofuels production from organic waste-- trash to renewal fuel -- algae biofeuls
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www.eflorida.com/cleantech