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Energy Advancement Leadership Conference November 18, 2004 Richard Amato Director, CEI.

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Presentation on theme: "Energy Advancement Leadership Conference November 18, 2004 Richard Amato Director, CEI."— Presentation transcript:

1 Energy Advancement Leadership Conference November 18, 2004 Richard Amato Director, CEI

2 CEI is a program of the Austin Technology Incubator and IC 2 Institute at The University of Texas at Austin ATI Mission To launch great market leading companies that create wealth for our communities by proactively helping entrepreneurs in the technology sector achieve their business goals

3 IC 2 = Innovation, Creativity, and Capital A “think and do” research lab whose mission is to generate wealth, jobs, and shared prosperity Suite of activities that represents an “eco-system” for wealth creation:  Technology business incubator (ATI) in 1989  Master’s degree in technology commercialization in 1996  High-tech entrepreneurship and management education  High-tech support networks  “Knowledge workers” developed through e-learning  Development program for emerging regions

4 Austin Technology Incubator Founded in 1989 by Dr. George Kozmetsky as a non-profit UT-Austin, Chamber of Commerce and City were initial capital sponsors Operated by the IC 2 Institute at The University of Texas at Austin Located on the J.J. Pickle Research Campus at UT Austin with 30,000 square feet of space 20 Companies Full-time staff employed by UT Austin

5 ATI’s Aggregate Results to Date >$1.5B in revenues generated by ATI companies since 1989 >$720M in outside capital raised by ATI companies >3,000 direct jobs created by ATI companies Five companies have gone public –Metrowerks –Encore Orthopedics –Concero –DTM Corp. –US Medical 17 graduates have been acquired including –Metrowerks by Motorola for $95M –Evity by BMC for $100M –Exterprise by CommerceOne for $78M –DTM Corp. by 3D Systems Corp. for $45M

6 CEI is a program of the Austin Technology Incubator and IC 2 Institute at The University of Texas at Austin Clean Energy Incubator NREL and SECO Realized: 1. Market need for business knowledge to commercialize viable clean energy technologies 2. Business incubators are able to focus on clean energy technologies Partner with ATI (first incubator) 3.National Alliance of Clean Energy Business Incubators 11 incubators in 9 states 4.Support from SECO and DOE SECO grant to help fund foundation of CEI DOE grant to continue development of Alliance

7 CEI is a program of the Austin Technology Incubator and IC 2 Institute at The University of Texas at Austin

8 CEI Companies Power Tube Inc. WindKraft Inc. RSET Inc. Allied Energy Systems Austin Biofuels e60 Vision

9 Business Development Value Chain Innovate Productize Deploy Grow Capitalize Research Entrepreneurs Corporate Research Groups The University of Texas Develop relationship network Build business plan Acquire seed funding Develop team Acquire early customers Provide turn-key infrastructure

10 Great Technology Market Success The Challenge: Delivering a Strong Return on Taxpayer’s R&D Investment

11 CEI is a program of the Austin Technology Incubator and IC 2 Institute at The University of Texas at Austin Additional programs NREL Industry Growth Forums –17 th Orlando, FL – October 18-20, 2004 –16 th Austin, TX – November 17-19, 2003 –15 th Albany, NY – October 29-30, 2002 CEI Opportunity in Clean Energy Series –Investments in New Energy Technologies – May 13, 2003 –Business Opportunities in Austin & Beyond – July 23, 2002 –Commercialization of Clean Energy Technologies – April 18, 2002 ACE Initiative –“Enriching Economy and Environment: Making Central Texas the Center for Clean Energy” Report –2004 Clean Energy Economic Development Summit – April 27, 2004 –Spring Networking Event – April 10,2003 –Clean Energy Report Press Release & Event – November 12, 2002 –Austin Clean Energy Bash – May 14, 2002

12 Technology Incubator In 2001 when CEI began, the very successful ATI model was used as the framework for operation. However over the next three years, we learned that though the ATI model works very well for high-tech companies, the clean energy industry and the clean energy entrepreneurs require a different framework. What have we learned? Profile of a clean energy start-up –Technically-focused entrepreneurs –Lack of business experience –Capital intensive –Long life cycle Pipeline of companies –Broad spectrum of company stages –Variety of technologies – solar, wind, green products, energy efficiency –Varying levels of commitment –Emerging industry

13 CEI is a program of the Austin Technology Incubator and IC 2 Institute at The University of Texas at Austin

14 Giving clean energy companies the power to succeed! www.cleanenergyincubator.comwww.ic2-ati.org


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