Session 3B - Mitch Jacobson
- 1. Mitch Jacobson Director, Clean Energy Incubator Austin Technology Incubator www.ati.utexas.edu 3925 W. Braker Lane, Austin, TX 78759 | (512) 305-0049
- 2. ATI – A Part of UT Austin’s IC2 Institute University of Texas at Austin Research IC2 Institute Founded in 1989 by ATI Dr. George Kozmetsky IT Wireless Bioscience Clean Energy 2
- 3. What We Do • Assist early-stage technology companies access talent, raise capital, network, and provide strategic guidance • Support and grow the Austin entrepreneurial community • Serve as landing pad for international start-ups interested in developing business in the U.S. (with focus in Texas) • Train UT students in technology entrepreneurship and help build businesses based on UT innovation Positive economic + community impact for Austin 3
- 4. ATI’s Value Proposition to Client Companies Talent • Professional staff • UT students & faculty • “Been there, done that” advisors, mentors, and investors Capital • Private Capital: Angel & Venture capital relationships $900M raised since inception ($75M private capital raised from 2008 - 2011) • Companies have received money from Texas ETF, DOE Stimulus grants, and SBIR grants 4
- 5. ATI’s Sweet Spot Cash flow Surround ATI companies with talent & capital that otherwise could Time not access “A” round funding and/or market traction Seed funding ~ 70% success rate in helping ATI companies get seed funding 5
- 6. ATI’s Impact – 2008 - 2011* Provided by : www.ThemeGallery.com $75M Over capital 300 raised jobs 20 $100m relocation efforts impact ATI Economic Impact 35 $300m graduated companies in Exits * Reflects partial reporting; dollars rounded to nearest million ** Methodology developed by AngelouEconomics and vetted by IC2 Institute; based on capital raised, company revenues, and multiplier effect 6
- 7. ATI’s Historical Impact Since 1989 • Over 350 graduate companies • ~$900 million in capital raised • ~50 acquisitions • Thousands of jobs (direct and indirect) created by ATI companies • Hundreds of UT students trained in technology entrepreneurship 7
- 8. Types of Membership Member Landing Affiliate** Pad * Business plan development & support Market analysis & market strategy support Validation and publicity Access to talent networks Access to business partners Access to capital sources Professional support and business infrastructure Access to ATI grants and award programs ATI facilitates U.S. & Texas business and channel development *Landing Pad companies can be on a direct path to membership once business plan fully develops. **Affiliate Companies do not provide equity per their membership 8
- 9. Incubation Process at ATI Vet Internally Admit into Set Graduate Screen Review ATI Milestones from ATI Vet Externally 3 years or: 1) When a major funding round is obtained 2) When significant cash from operations are achieved People 3) When ATI can no longer add significant value 4) Company folds Market Technology 9
- 10. ATI - Clean Energy Incubator (CEI) • Launched in 2001 by the U.S Department of Energy National Renewable Energy Laboratory (NREL) • Supported by the Texas State Energy Conservation Office (SECO), and Austin Energy • Currently 9 member companies in portfolio. (27 @ ATI) • Focus on renewable and alternative energy, biofuels, energy efficiency, energy management, energy storage, electric vehicles, green building, water 10
- 11. Access to Utility Companies in Texas Utility Geographic Area Customers Austin Energy Austin 400,000 CPS Energy San Antonio 1 million CenterPoint Energy Houston 2.1 million TXU Energy State wide 2 million Reliant Energy Houston 1.6 million * Bluebonnet Electric Central Texas 80,000 * Pedernales Electric Central & West Texas 200,000 * Co-Op Utility 11
- 12. Top Clean Energy Companies in Texas 12
- 13. Current CEI Companies 13
- 14. Secure Waters SecureWaters Inc. manufactures and sells the AquaSentinel, an electro-mechanical monitor/alarm system for continuous protection of source drinking waters. www.secureaqua.com • Utilizes patented technology from Oak Ridge National Laboratories • Capable of detecting the presence of toxic agents at levels well below those anticipated from terrorist attacks or accidental contamination • First system of its kind to automatically and continuously test for chemical toxins in source water supplies • Offers a continuous, rapid and broad-trigger detection capability against water- born chemical toxins by monitoring natural occurring green algae to detect the presence of chemical toxins in water
- 15. Convergence Wireless The first All-Wireless Commercial Building Lighting Retrofit System! In addition to delivering up to • Wireless Module 50% day to day energy savings, Convergence • Photovoltaic Powered Wireless Wireless’ Site Sense Lighting Sensors & Self-Powered Switches System (SSL™) provides up to 75% energy savings to •Building Automation Server / deliver Demand Response Demand Response Module (Automatic Load Shedding) value to utilities, significantly reducing the most expensive operational costs (OPEX) utilities face, peak grid demand periods. www.convergencewireless.com
- 16. Limelite LimeLite’s award-winning and patented technologies optimize the performance of electroluminescent lighting and provide an intelligent platform for adding complementary applications. LimeLite’s line of safety lighting products are being rapidly adopted in both domestic and international markets by offering the most energy efficient, longest lasting, and cost effective products available. LimeLite outperforms the competition while offering the lowest overall cost of ownership and significant value to the end user. www.limelite.com
- 17. Omni Water Solutions www.omniwatersolutions.com Omni Water Solutions provides over 20 years of experience in developing, manufacturing, and deploying water treatment solutions. With its revolutionary portable system and patent-pending Octozone© technology, Omni offers an integrated and dynamic platform which supplies clean water at an unprecedented rate. With its cascading set of interlocked devices linked with robust analytics and software, it can activate only the necessary water treatment stage, saving energy, water, and maintenance costs. 17
- 18. Yan Engines Yan Engines’s D-Cycle piston design changes 5 parts in existing 4-Stroke engines. www.yanengines.com Test results results demonstrate the potential of the technology to revolutionize the way we drive and positively impact the environment. • 80% more fuel economy • 204% more torque Under a US DoD contract, retrofit designs are complete for the first engine platform. Prototyping will begin Q4 2011, and then the company will look to commercialize with semi-trucks. 18
- 19. Solavicta Solavicta has developed a simplified photovoltaic technology to significantly lower the cost of solar modules. Product Features/Advantages: • Lowest cost solar solution • Extremely fast and low cost installation • Low profile, reduced wind-loading • Easily upgraded as CPV cells improve 19
- 20. Open Algae www.openalgae.com Open Algae is a joint venture between Organic Fuels and the University of Texas at Austin. Developing a scalable, modular processing facility offering cost-effective harvesting and extraction for algae growers. Our two-year plan is to prove commercial viability of our onsite, integrated fuel-from-algae facility. The company has: • Disruptive technologies • Exclusive licenses to strong IP • Access to U.T. algae expertise • A fee-based business model 20
- 21. International Brucite Corporation (IBC) Focused on mining and selling micronized brucitic marble to global industrial markets. With its neutralization effect and ability to precipitate metals from industrial waste streams, brucitic www.internationalbrucite.com marble is a unique mineral which can help companies: • Reduce costs • Improve operational performance • Satisfy environmental requirements This mineral is known in industrial and water treatment markets for its strong neutralization effect. IBC will help companies to: • Improve their pH balance • Assist in metal precipitation • Provide flame retardancy 21
- 22. RRE Austin Solar RRE Austin Solar is developing a 60 MW solar farm in the city of Pflugerville. The company intends to use 'state of art' www.rresolar.com technology and world class equipment. The objective of the company is not only to provide clean renewable energy through Solar PV Systems but also to become a "change agent" of how people perceive and view clean energy throughout the cities and counties which ultimately may be chosen to develop its solar farm projects. 22
- 23. Recent Graduates 23
- 24. Pecan Street Project Inc.
- 25. Austin’s Mueller Community • 711 acre mixed use • Native landscaping • 2 miles from Capitol • 25% affordable housing • All green-built • Senior housing • World’s first LEED platinum hospital • Critical loads • Reclaimed water system • CHP gas microturbine • Chilled water loop 22
- 26. Questions 26