Clean Tech Startups and Venture Capitalism

Despite Struggles, Clean Tech Startups Are Still Receiving Innovation Dollars

Gaebler.com, November 24, 2014

On the surface, the clean energy sector sounds like a promising place for startups. The reality is more complicated, with many clean tech startups burning through investment capital and struggling to identify marketable products. However, that isn’t stopping a number of organizations from awarding serious funding to highly innovative clean energy entrepreneurs.

Funding and Supporting Clean Energy Startups

Recently, the Clean Energy Trust opened applications for the 5th annual Clean Energy Challenge. With an application deadline of Jan. 13, the Clean Energy Challenge is a single-day pitch event that will award more than $1 million in investment awards–double the amount that was awarded in last year’s challenge.

“The Clean Energy Challenge has helped us transform the Midwest into a focal point for the clean energy industry by fostering entrepreneurship, innovation and job creation among these startups,” Amy Francetic, CEO of Clean Energy Trust told Chicago Inno. “The program gives clean tech startups the opportunity to secure essential startup funding and exposure to some of the industry’s leaders on a national stage.”

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