Connect | Enable | Accelerate
Cleantech Open Northeast
Accelerating Cleantech Startups in the Northeast
Alexandra Adler – Regional Director
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Who we are
Mission: Find, fund and foster entrepreneurs with big ideas that address today’s most urgent energy, environmental and
economic challenges.
We are the world’s oldest and largest
cleantechacceleratorFounded in 2006
Competition Platform727 Alumni have raised >$800 million
8 regions covering 50 states100+ annual events
350 applicants nationally in 2012More than $750K distributed nationally in prizes each year
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Regional Headquarters
Metro Center – center of Cleantech Open programming
Mini-metro – Cleantech Open representation and activity
Upstate NY
NYC
Philadelphia
Maine
Boston
Northeast Region
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2013 – 8 Technology Categories
Category
1 Energy Generation
2 Energy Distribution & Storage
3 Energy Efficiency
4 Chemicals & Advanced Materials
5 Information & Communication Technology
6 Green Building
7 Transportation
8 Agriculture-Water-Waste
*e = electrons; c = hydrocarbons
New
New
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Highlights & Results
• Highlights – 2012 US Accelerator• 362 applicants | 164 semifinalists• 100+ regional and national events in 30 states• 3,000+ unique event attendees | 1,000+ press hits
• Highlights – 2012 Global Ideas Competition• 33 host countries• 700+ entrants from international teams
• Results – Since 2006• 727 alumni companies• Up to 40%of alumni companies have attracted
external funding• Over $800M in funding received between them
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Why was 2012 really so great?
77 Applicants | 39 Semifinalists
20 Massachusetts | 11 New York | 4 Maine |
2 Connecticut | 2 New Jersey
> 175 Mentors
> 60 Judges
>1,000 Event Attendees
>$100K in Cash and Service Prizes Awarded!
2012 was our first year in New York!
5 major accelerator events
NY-Based Rentricity Regional Winner and
National Grand-Prize Runner-Up!
NY Mentor Tim Hoffman Mentor of the Year!
Highlights: 2012 Northeast Accelerator
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“At first I wasn't sure another competition was going to be that
valuable, but I am so happy that we entered the Cleantech
Open. From the mentors guidance and judges feedback, to the
networking events and useful connections, I found the
Cleantech Open to be well worth the investment. I highly
recommend it to cleantech startups.”
—Soren Harrison, Northeast Semifinalist 2011
What we offer: The 3 P’s
eople rograms rizes
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1.People – A Hub for Cleantech Entrepreneurship
Early
Stage
Investors
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2013 Sponsors& Partners
Northeast In-Kind Sponsors
Northeast Investor Members
Northeast Partners and Affiliates
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1.People
Our network includes:• Investors
• Angels• VCs• Strategic Partners
• Service Providers• Accounting / Finance• Legal• Executive Recruitment• Business Development
Consulting• Serial Entrepreneurs• Technology / Industry Specialists• Corporate Business-people• Government Agency Reps
These are people who have DONE deals, seen the best and worst, and want to help you succeed quickly!
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In 2013 Cleantech
Open Northeast is
run by >40
volunteers across the
region!
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2.Programs: Major Activities of the Accelerator
Training
Mentoring
Access to Capital
Showcasing
• National Academies, National Webinars, Regional Training
• Mock Judging, Business Clinics
• 1,000+ participating mentors nationally: generalists and specialists
• 20+ Business Clinics nationally
• Regional event and showcases
• National Conference & Global Forum
• Press exposure
• Relationships with Strategic Investors, Angel Groups and VC firms in each region
• National Investor Series: Pitch Panels Networking Receptions, Investor Connect
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Calendar of Events
Kick-off
• Metro level
Briefing / info session
• Metro level
Mentor Mixer
• Northeast Only
• Metro level
Academy
• Regional level
• Mandatory
Workshops / Clinics
• Metro level
• (Webinars, National level)
Tell Your Story Day
• Northeast Only
• Regional level
Mock Judging
• Metro level
Regional Finals Judging
• Regional level
• Mandatory
Innovation Expo & Awards Gala
• Includes investor /corporate connect
Global Forum
• National level
• Includes investor/corporate connect
March - April May - June
July - AugustSeptemberOctober
November
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Training Schedule 2013 – Webinar & Business Clinics
Date National Webinar Topics
7/9 Business Model Canvas
7/16 Technology/Product Validation
7/23 TheMarket & Getting To ItSize, Trends, Competitive Dynamics, Channels, etc.
7/30 Financials Analysis & Modeling Strategy
8/6 Risk Analysis
8/13Execution& Team Needed to Execute
8/20 Legal
8/27 Sustainability
9/3Mentor Assessment, Executive Summary &Presentation
* Local Seminar or Networking Event/Mixer
Week of 7/15: Metro Workshop / ClinicRecommended topic: Markets & Getting to them
Week of 7/29: Metro Workshop / ClinicRecommended Topic: Financial Modeling and Alternative Financing Strategies
Week of 8/12: Metro Workshop / ClinicRecommended Topic: Building your team
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Importance Of Mentoring
Being a mentor with Cleantech Open
means…
• Making the connection to new startups in
their field
• Keeping up with current trends in cleantech
• Connecting with other mentors from their
area
• Giving back to the community
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Roles of Cleantech Open Mentors
Generalist Mentors:• Assigned to one specific team (~2 per team)
• One is the “lead” mentor for the entire team of mentors
• ~2-4 hours per week to the team
• Provide general support and feedback across all areas of the business
Specialist Mentors:• Available to all teams in the competition, or assigned to one team
• Examples are legal IP or manufacturing
• Semi-finalists will have access to a long list of specialist mentors and will be
encouraged to contact these mentors when specific help is needed
Sustainability Mentors:• 1 assigned to each team
• Provoke creative thinking on sustainable business practices and help ensure that
sustainability is pervasively incorporated in each team's business plan and
investor pitch
• Trained to coach and mentor in the sustainability field
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Mentor Program Calendar
March –May:
Recruit + Vet
May –June:
Matching
June – October: Active Mentoring
• Work with matched teams
• Review worksheets
• Participate in Clinics and Workshops as coaches
October-November: Feedback
2.Prizes: Cleantech Open Accelerator Awards
$20,000 in cash and services (1-5 Finalists per region)
~300 Applicants 144 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 (over 50% of all applicants)
$250,000 in investment and services
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Example Success Stories
EarthClean Midwest Region2010 Regional WinnerGreen fire suppression
$4m raised to date
PuralyticsPacific Northwest Region2010 Grand Prize WinnerPhotochemical water purification
$1.2m raised to date
New Sky EnergyRocky Mountain Region2009 Regional WinnerClean chemical manufacturing from CO2
$4m raised to date
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Example Northeast Alumni
>200 NE Alumni have raised $230,000,000 to date!
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But don’t take my word for it…
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2012 Accelerator Criteria & Fees
• 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
• Application Feeo $140 Per Team (professionals)o $90 Per Team (students) o Early bird pricing available
• Participation Fee (as Accelerator Participants)o $475 Per Persono Heavily subsidized by sponsors and the generous contributions
of many volunteers across the country
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Participation Fee Includes …
• Participation at the National and/or East Coast Academy
• Participation in all Training (Seminars and Webinars)
• Participation in Mentor, Investor, Sustainability Programs
• Meals at National Conference, 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
* Most, but not all of your meals will be catered at our events. ^ Excluding National VIP Events/Receptions.
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Mark your calendars: upcoming KEY DATES
April 10, 2013 – Early Bird Application Deadline
May 1, 2013– Final Entry Deadline
May 17 – Application Deadline for NEW mentors
May 24 – Application Deadline for RETURNING
mentors
VISIT http://northeast.cleantechopen.com for an
up-to-date list of upcoming events!
Making a Difference – Join the Cleantech Open
• Apply to compete in the world’s largest cleantech accelerator
• Volunteerto become an active part of driving our programs
• Mentorthe startups that will create jobs & save the planet
• Partnerto connect your network with our evolving ecosystem
• Sponsorto build your brand and gain privileged access
• Donateto help us help more cleantech entrepreneurs thrive
• Attend2013 Regional & National Events
Connect | Enable | Accelerate
www.CleantechOpen.org/Connect