Posts Tagged ‘clean tech initiative’

Cash Comes To Clean Tech

Tuesday, January 17th, 2012

An interesting article from Portfolio.com on growing investment in clean tech industries …

“Peter Thiel and other critics of cleantech investing have to be shaking their heads.

Not only did Vinod Khosla, famous for his commitment to investing in renewable energy, raise one of the largest venture funds of 2011 in part to invest in cleantech, it looks like still more money is going toward the field.

Flagship Ventures of Cambridge, Massachusetts, has pulled together a new $270 million fund to invest in healthcare and cleantech. And Sunnyvale, California, solar firm AQT Solar has raised $18.7 million of a planned $22 million funding round.

The argument put forward by Thiel, a PayPal founder and now investor, and others against such investing is that cleantech companies are too dependent on government policy to be good bets for investors. Also, critics have argued, cleantech and biotech companies both tend to take a lot of money and time to mature into businesses with a chance to go public or be bought.

But Flagship managing partner Noubar Afeyan told Scott Kirshner of the Boston Globe that there’s still money to be made investing in renewable energy, for instance. It just takes more patience than investing in the latest technology fad.

Google is one of the companies that is investing in clean techn industries.

“I don’t think the level of activity has gone down,” he said. “I think that the level of noise has gone down. There was a time in cleantech when people were just spraying money around indiscriminately. What we’ve seen is that cleantech has turned out to be more like biotech. You need patient, flexible execution to generate reasonable companies.”

Read more: http://www.portfolio.com/views/blogs/money-hunt/2012/01/11/despite-critics-cleantech-funds-and-companies-draw-investment#ixzz1jjGv5XgH

AZSBDC TechEDge Program Debuts Oct. 4

Thursday, September 29th, 2011

The AZSBDC Network’s new TechEDge program will kick off on October 4 at the City of Chandler’s Innovations Incubator.

The 10-week TechEDge program introduces entrepreneurs to tools to assess their readiness for launch, offers real-time access to resources and assists in uncovering successful pathways to commercialization. Subject matter experts teach modules on key topics. AZSBDC business analysts work with participating clients throughout the program.

Read more about the TechEDge program HERE.
See the list of Subject Matter Experts HERE.

The TechEDge program  was featured in a recent issue of the Arizona Commerce Authority’s Arizona Innovation Connection e-newsletter.  Learn more about the ACA Office of Innovation & Technology HERE.