First Austin, then Denver: If you’re a clean-energy start up looking for money (and aren’t they all), apparently you’ve got to pack your bags and hit the road for cash.
The National Renewable Energy Laboratory (NREL) revealed the 34 companies invited to its Industry Growth Forum, running October 19-21 in Colorado, and no fewer than nine of them are among the 20 who also showed their wares at the Clean Energy Venture Summit in Texas recently.
As with the Austin gathering — which claims the typical company leaves town with $300,000 to $1,000,000 in new backing — the NREL event boasts that there’s gold in them thar conference-center meeting rooms. Since 2003, the NREL says, presenting companies have raised more than $3.4 billion in investment.
“It’s critical to create a platform to connect key players in the clean energy community,” L. Marty Murphy, the forum chairman, said in a press release. “We are bringing entrepreneurs directly together with financiers, policymakers and technology experts.”
As with Austin, getting into the Denver event was competitive. The nine companies that qualified for both: 7Solar Technologies; Enertaq; Enovative Kontrol Systems; Incenergy; infiniRel; May-Ruben Technologies; Microstaq; Pythagoras Solar; and Sunnovations.