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 Ven-ture 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, accord-ing 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 ac-counted 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.
EngEx 2010 conference & exhibition (engexpo.com) 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 (engex.org) 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.