CleanTech Venture Capital Interest
Lisa Bicker, president and CEO of CleanTECH San Diego, will open the three-day conference at the San Diego Convention Center. Ms. Bicker leads the non-profit membership organization of business and financial leaders, academic and research institutes, and government and non-profit organizations committed to accelerating San Diego's clean technology economy. CleanTECH San Diego currently ranks seventh on the 2010 Cleantech Network Top 10 List Cluster Organizations. The network provides investors, entrepreneurs, and Fortune 1000 global corporations the latest industry market intelligence to help its clients meet consumer and government demands for improved environmental quality.
Mohr Davidow is a leading early-stage venture capital firm investing in people and technologies that redefine markets. For more than 25 years, the firm has partnered with entrepreneurs initiating innovation and building companies in areas associated with Driving the Digital World, Personalizing Medicine and Powering the Planet. The firm currently has $2 billion under management.
More than 450 member firms make up the NVCA, the premier trade association for the nation's venture capital industry, which supports entrepreneurial activity and innovation.
Fueling Economic Growth
As the economy continues its sluggish recovery, many corporate stocks remain depressed. However, U.S. clean-energy companies enjoyed a stock index rise of 25% from February 2009 to February 2010, according to Clean Edge, Inc, the world's first research and publishing firm devoted to the clean-tech sector.
By 2018, CleanEdge predicts that the global market for biofuels and wind and solar energy will reach $325 billion, fueled by the increasing number of companies and organizations, like the U.S. Postal Service and Waste Management Inc., which are transforming their delivery vehicles into green hybrid fleets. According to the State of Green Business 2010 report by Greener World Media Inc., clean-energy technologies accounted for 1,125 patents issued in 2009 and, in a year when commercial construction all but halted, green certifications for new and existing buildings grew faster than ever.