press releases

Inaugural venture forum confirms Cleantech potential

 

  • Ann Arbor, MI –November 26, 2002. The first ever venture capital forum on clean
  • technologies – from advanced energy to wastewater treatment – was held in
  • Toronto, Ontario during November 13-14th. More than 120 participants saw
  • presentations by twenty high-growth potential companies and heard leading
  • experts identify exciting market opportunities.
  •  
  • Investors attending the Toronto Forum included angels, banks, corporations,
  • pension funds and professional venture capitalists from Asia, Europe and across
  • North America: among them were: ABB New Ventures, Arete Corporation,
  • Avana Capital, BASF, BDC Venture Capital, Blue Hill Partners, Burrill &
  • Company, E2 Venture Fund, EcoElectron Ventures, Energy & Environmental
  • Ventures, Environmental Banc & Exchange, EPCOR, Expansion Capital, Export
  • Development Corporation, Hydro Quebec Capitech, International Finance
  • Corporation, InvestEco Capital, Lubrizol Corporation, McGovern Capital,
  • Mitsubishi International, Monteco Holdings, NextGen Partners, Nth Power, OPG
  • Ventures, Prospect Street Ventures, Rockefeller & Co, Rockport Capital, Royal
  • Bank Capital Partners, Sound Point Ventures, Sustainable Development
  • Technology Canada, Sustainable Jobs Fund, Teachers Merchant Bank and
  • Working Ventures.
  •  
  • In-Pipe Technology Company was voted “Most Promising Presenter” by
  • attendees, winning a package of services from Communicopia.net,
  • CLEANTECH, SolarAccess.com and EIN Publishing worth in excess of $10,000.
  • In-Pipe is commercializing a patented technology, based on fundamental
  • microbiology principles and science, within the multi-billion dollar municipal
  • wastewater treatment market. “The Forum far exceeded my expectations”, said
  • In-Pipe CEO Dan Williamson. “It was a well-organized event, with a lot of topics
  • covered very effectively. In terms of qualified investors, it was the best-attended
  • VC conference that anyone on our team has experienced. Best of all, we
  • created a lot of interest from a significant number of the attendees - and that was
  • before the award ceremony!” Presenting companies were pre-selected by a
  • panel of prominent venture investors.
  •  
  • According to CLEANTECH Chairman Nicholas Parker, “In the past few months
  • we have seen “cleantech” emerge as a legitimate investment category. With our
  • Cleantech Investment Monitor we see that over $1.2 billion is being invested in
  • North American ventures this year alone. Our inaugural Forum confirms the
  • diversity of investor interest in the cleantech space and the quality of investment
  • opportunities available. Clearly, there is now a rising tide of enthusiasm for what
  • is one of the next waves of venture innovation”.
  •  
  • The next Cleantech Venture Forum will be held in San Francisco from April 30th
  • to May 1st 2003 at the InterContinental Mark Hopkins Hotel.
  •  
  • Publicly launched in July 2002, the Cleantech Venture Network is a market
  • facilitation service providing venture forums, investment reports, deal flow
  • inventory and online services to investors and companies
  •  
  • For additional information, www.cleantechventure.com or
  • Contact: Keith Raab, CEO keith@cleantechventure.com 734-528-2979
  • Or Nicholas Parker, Chairman nicholas@cleantechventure.com 416-456-9314