By Katja Schroeder, Expedition PR
Cleantech Open Northeast has arrived in New York City with an ambitious plan.
Together with its partner NYC ACRE, New York City’s accelerator for clean technology and renewable energy companies, the Northeast team wants to challenge their counterparts in Silicon Valley. California currently holds the position as the largest clean tech hub.
The first annual US Metro Clean Tech Index by research and consulting firm Clean Energy revealed that the country’s top five metro regions for clean tech are all on the West coast, three of them are in California: San Jose (1st place), San Francisco (2nd place), and Sacramento (4th place). Washington, DC, (8th place) and Boston (9th place) represented the East coast in the top ten last year. New York City was on 13th place.
The Clean Energy study was conducted in 2012 and ranked the country’s 50 largest metropolitan regions based on nearly two dozen ‘clean tech’ metrics such as hybrid electric vehicles, certified green buildings, clean-tech venture capital investments, innovation and workforce.
Cleantech runs the world’s largest clean tech accelerator. Its mission is to find, fund, and foster the big ideas that address today’s most urgent energy, environmental, and economic challenges.
While the clean tech community had to fend off harsh criticism and the word ‘clean tech’ turned into a ‘dirty word’ for some, Arrun Kapoor of SJF Ventures stayed optimistic. He pointed out that the Cleantech community always had its eyes set on a common goal – to solve energy issues. And that’s for the better good.
The not-for-profit organization has worked with more than 700 companies in the United States. Accelerator program participants get training, mentoring, infrastructure, relationships and funding opportunities that help them become world-class clean tech companies. To date, nearly half of these companies have raised over $800 million in external capital.
While New York City was not in the top ten last year, the goal of challenging Silicon Valley is not out of sight. The Northeast region is home to an amazing set of clean tech companies. Some of them presented their innovations during the New York event with a 1-minute pitch. Continue reading