Austin, Texas (PRWEB) September 15, 2011
The Austin Clean Energy Incubator and Austin Energy recently announced the 5th Annual Clean Energy Venture Summit (CEVS) and the Cleantech Open Regional Judging & Awards, scheduled for September 28-29, 2011 at the AT&T Executive Education & Conference Center in Austin, Texas. The Clean Energy Venture Summit has become the premier cleantech business plan competition and educational conference in the Southern United States.
We encourage you to register online at http://www.cleanenergyventuresummit.com, so you won’t miss out on this great learning and networking opportunity. Speakers this year will include Brewster McCracken, Executive Director of the Pecan Street Project, who will be moderating a smart grid panel and Larry Weis, General Manager of Austin Energy, who will participate in a utility panel focused on smart metering.
The Summit provides clean technology companies and entrepreneurs a venue for presenting their innovations to venture capitalists, angel investors and others who invest in clean energy, as well as experts from utilities, corporations, academia and government. This year, the Clean Energy Venture Summit has selected 10 later-stage start-up companies to present their technology to a panel of experienced investors; and, for the first time, the winners will receive cash prizes. The Summit has emerged as a major national funding resource for clean tech companies. In fact, our rough estimates indicate capital under management that is connected to CEVS totals at least $19 Billion.
“The Clean Energy Venture Summit is a valuable opportunity for innovative cleantech companies to be center stage in front of the nation’s top clean energy investors,” said Mitch Jacobson, Co-Director of the Austin Clean Energy Incubator. “The major funding successes of ATI Clean Energy Incubator member companies such as Firefly LED Lighting and Ideal Power Converters after participating in CEVS speak for themselves.”
Astrowatt, presented at CEVS 2010, completing Series A funding three months later in December. The company has also recruited a new management team, welcoming Jeannine Sargent as executive chairperson and Curt Vass as CEO in March 2011.
Ener-G-Rotors was part of CEVS 2010, and has since been named one of the top 10 US companies, making new energy technologies ideal for military customers. The honor was announced by the Clean Technology and Sustainable Industries Organization, a Texas nonprofit organization.
Firefly LED Lighting presented at CEVS 2009 and went on to raise funding from CTAN and ETF for a total of $3.4M. They are presently seeking an additional $4M in series B. Firefly has 12 Reps/Distributors, and are installed in Multiple Commercial and Residential buildings. They have over $30M in identified opportunities.
Ideal Power Converters (IPC) was part of CEVS 2009, which resulted in signing a seed funding agreement with Battery Ventures. Now shipping commercial products, there are 10 people working at IPC with $1MM in sales and a big upswing expected next year.
Tigo Energy moved on from presenting at CEVS 2010 to collaborating with Suntech Power Holdings to develop smart panel technology for PV installations. In early 2011, the company raised $10.6 million in Series C funding.
In addition to the later-stage business competition; the event will also host the South Central regional finals for the Cleantech Open, a national seed-stage clean energy competition with 5 companies vying for a chance to win a total of $80,000 regionally and, for three finalists, $250,000 at the Cleantech Open Global Forum in California.
For more information on CEVS 2011 and to register to attend the event visit http://www.cleanenergyventuresummit.com or email ATI Events Manager Robin Murphy at rmurphy(at)ati.utexas.edu. We are expecting to sell out again this year with over 400 conference participants. You can follow us @CEVS2011 on Twitter and join the conversation with #CEVS2011. Through the Web site you’ll also be able to connect with CEVS on Facebook and LinkedIn.
About the Austin Technology Incubator
The Austin Technology Incubator is a not-for-profit unit of the IC2 Institute of The University of Texas at Austin that harnesses business, government and academic resources to provide strategic counsel, operational guidance and infrastructure support to its member companies to help them transition from early stage ventures to successful technology businesses. Since its founding in 1989, ATI has worked with over 200 companies, helping raise close to $750 million in investor capital. For more information visit http://www.ati.utexas.edu.
About Austin Energy
Austin Energy is the nation’s 10th largest community-owned electric utility. Austin Energy powers the capital city of Texas through a diverse generation mix including nuclear, coal, natural gas and renewable energy sources. Located in Austin, TX, Austin Energy created the top performing renewable energy program in the nation and is committed to helping Austin become the Clean Energy Capital of the World. The company owns the nation’s first and largest green building program and is home to one of the nation’s most comprehensive residential and commercial energy efficiency programs. For further information visit: http://www.AustinEnergy.com.
About Cleantech Open
The Cleantech Open runs the world’s largest cleantech business competition. Its mission is to find, fund and foster entrepreneurs with big ideas that address today’s most urgent energy, environmental and economic challenges. A 501(c)(3) not-for-profit organization, the Cleantech Open provides the infrastructure, expertise and strategic relationships to turn clever ideas into successful global cleantech companies. Since 2006, through its one-of-a-kind annual business competition and mentorship program, the Cleantech Open has enabled hundreds of clean technology start-ups to bring their breakthrough ideas to fruition, helped alumni contestants raise over $300M, and created an estimated 2,500 green-collar jobs. Fueled by a global network of more than 1,000 volunteers and sponsors, the Cleantech Open unites the public and private sectors in a shared vision for making America’s cleantech sector a thriving economic engine. For more information visit http://www.cleantechopen.org and follow @cleantechopen on Twitter. The Cleantech Open network runs on assistance from volunteers. If you’re interested in mentoring a company, judging, sponsoring or otherwise being involved, e-mail Laura Benold: cleantechopen(at)ct-si(dot)org.