Dr. Peter van Gelderen ICOS Capital

Transcription

1 Ecosummit Neuss 15 november 2012 Cleantech made in the Netherlands Dr. Peter van Gelderen ICOS Capital Schipholweg PK Amsterdam The Netherlands

2 ICOS Capital: investor in industrial clean technologies 2 ICOS CAPITAL CLEANTECH VENTURE CAPITAL Founded in 2006 by an experienced venture capital team Around 75 million under management in 9 cleantech companies Collaborative corporate venturing (corporations, universities, governments) energy recycling green building food bio-chemicals mobility ICOS CAPITAL PORTFOLIO COMPANIES Waste to energy conversion Metal recovery from scrap Cloud computing Water from air using wind energy Hazardous waste smelting to energy Bio-based chemicals Healthy food ingredients High througput screening tools Anti bio-fouling solutions

3 ICOS Capital: building companies from early stage, through pilot plants to full scale 3 Technology Pilot scale Full-scale

4 Cleantech made in the Netherlands: where is it at? 4 Cleantech in the Netherlands Somewhere in the middle of the crowd Sectors Decline of 14% in 2011 (2012 even worse?) wind (offshore -60%) solar PV (+6%) biofuels/biogas (0%) 54% of consumers adopted green power (!) many promising technologies in development Government decreasing involvement part of general innovation policy Corporates open innovation policies international mind set Start-ups very active entrepreneurial climate Source: Roland Berger Clean Economy, Living Planet (2012) Note: absolute ranking, in terms of cleantech manufacturing in relative ranking, Netherlands position is 21st glass half full or half empty

5 Cleantech made in the Netherlands: a lot is happening & more to come 5 Groningen, Friesland, Drenthe Energy Valley energy infrastructure Rotterdam Delft Cleantech Delta industrial cleantech energy, chemicals, mobility, bio-based Amsterdam Energy Fund 45+ mln project & company financing Green IT Amsterdam Bergen op Zoom area green chemistry Overijssel Energy Fund 250 mln project financing (all energies, but not wind) Gelderland Innovation Fund 100 mln, incl. energy & cleantech Eindhoven area high tech materials, cleantech chemicals, electronics, lighting Limburg Energy Fund 20+ mln private, project & company financing Disclaimer: this overview is probably far from complete!

6 ICOS Capital: collaborative corporate venturing model 6 Supporting innovation in cleantech areas! Spin-outs from! large companies! Corporations active in different cleantech areas" WATER" ENERGY" MATERIALS" BIO-BASED" Support at request! Investment Advisory Committee" ICOS CAPITAL! Industry advisors board! Spin-outs from! universities! Structured process led by experienced investment managers! Due diligence! Investment! Development! Realization! Growth! Exit to new owners! Water! Biaqua" Dutch Rainmaker" Energy! i-res" Greenclouds" Materials! Resteel" Ensartech" Young entrepreneurs! Bio-based! Photanol" Microdish" Bio-Actor" Banks" Subsidies" Other investors"

7 nsartech closing the environmental cycle 7 Ensartech has developed a waste smelting solution, based on proprietary, metallurgic technology that transforms hazardous waste into energy and clean products

8 Ensartech - from prototype to market with support and involvement of corporations 8 Corporations Imtech & Purac were involved in screening, and supported next steps Imtech & Purac were closely involved to validate technology and potential industrialization Imtech appointed as lead EPC contractor Sourcing Quick Scan Project under Review Due Diligence Final Investment Proposal ICOS was approached by a team of scientists and waste market professionals ICOS jointly with founders started sourcing bank financing and co-investor External advisors led technical and IP due diligence Deal closed: 10 M debt financing 3 M equity ICOS Industry advisors (former CEOs in the sector) advise on strategy, operations and business model Extensive discussions between Imtech, Ensartech and Icos to ensure strong implementation ICOS Capital

9 Ensartech - how collaborative corporate venturing can speed up cleantech success 9 Innovation screening and pre-qualification Contributes core expertise like building plants Structure and arrange appropriate financing Target high returns Collaborative Corporate Venturing Market access Helps to make products from Ideas You can t fool them Innovative idea on waste smelting Limited expertise in project financing Limited experience in building large plants

10 ICOS Capital rolling out our model in Germany and the rest of Europe 10 Thank you for your attention Peter van Gelderen