July 16, 2012

DOE- CEA Partnership Clean Energy “Mentee” Versatilis Chosen to Present at New Energy Symposium

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Source: Digital Journal

Clean Energy Alliance, Inc. (CEA), the national association of clean energy business incubators, announced today that one of the companies being mentored through the Department of Energy Small Business and Clean Energy Alliance Partnership (DOE-CEA Partnership) has been chosen to present at the prestigious 2012 New Energy Symposium. The Symposium is produced by New Energy New York (NENY), the Energy & Environmental Technology Applications Center (E2TAC) of the College of Nanoscale Science & Engineering (CNSE), and iCLEAN, E2TAC's clean energy incubator. The Symposium will be held at the New York Academy of Sciences at 7 World Trade Center in New York City on July 18th and 19th, 2012.

This is the seventh annual New Energy Symposium. Versatilis LLC, one of 15 emerging cleantech start-ups chosen through a competitive selection process, will present its businesses to a panel of over 40 venture capitalists, angel investors, private equity investors, investment bankers, and government executives. The 2012 Symposium will also feature four expert panels: Alternative Financing Strategies for Cleantech Start-ups; Raising Capital: Lessons Learned from Cleantech Entrepreneurs; Strategies for Cleantech Companies Under the New America Invents Act; and the Importance of IP & Strategies for Commercialization, which will include CEA’s Executive Director James F. Groelinger.

“We are very proud that one of the companies being mentored under the DOE-CEA Partnership has been chosen to present at this prestigious symposium,” said James F. Groelinger, Executive Director of CEA. “These companies represent precisely the kinds of companies that will move the country towards energy self-sufficiency and create jobs.”

Companies were selected through a competitive process by the investor panelists, whereby each company had to complete a two-page application and be rated by the panel. Each start-up company will present a 10-minute pitch, which will be followed by five minutes of questions and answers from the judges. The judges will receive $3 million in fictitious “investment funds” and will be asked to “invest it” in the companies presenting. Each of the three startups from the presentations that receive the highest amount of “investment” from the panel of judges will receive $1,500 to attend the Industry Growth Forum produced by the National Renewable Energy Laboratory and held in Denver, Colorado October 23-24, 2012. This cash prize is sponsored by New Energy New York. All of the presenting start-ups gain the opportunity to introduce their businesses to, and obtain valuable feedback from, potential investors.

Versatilis LLC is a technology development company focused on developing technologies that enable flexible displays, solar cells, and solid state lighting panels, among others. In addition to lighting related uses, these technologies have defense-related applications. Versatilis has been mentored by the Energy and Environment Technology Applications Center, or E2TAC, which is based at the College of Nanoscale Science and Engineering (CNSE) through the Department of Energy Small Business and Clean Energy Alliance Partnership. CNSE is a member of the Clean Energy Alliance. CEA administers the Partnership, which is funded by a $1.2 million grant from the American Recovery and Reinvestment Act.

About:

Clean Energy Alliance (CEA), a non-profit organization founded by National Renewable Energy Laboratories, is the national association of leading business incubators and other entities dedicated to providing technical, business and financial services tailored to the needs of the cleantech business development community. CEA focuses on developing practices and resources that support cleantech business incubation, entrepreneurial mentoring and development, and technology commercialization. http://www.cleanenergyalliance.com.

E2TAC, or the Energy and Environmental Technology Applications Center, addresses the needs of advanced energy and environmental applications by leveraging the intellectual power base and state-of-the-art infrastructure at the College of Nanoscale Science and Engineering (CNSE), University at Albany, and making use of its extensive capabilities in microelectronics and nanotechnology. Working with a growing list of collaborators, E2TAC is also at the forefront in business acceleration, education and outreach activities in the increasingly important areas of renewable energy and energy efficiency. http://www.e2tac.org and http://www.cnse.albany.edu.