Midwest Cleantech Open Showcases Top 21 Startups at Upcoming Innovation Summit
Nationwide accelerator program celebrates the best of the best from the Midwest’s latest class of cleantech entrepreneurs.
Minneapolis – October 10, 2013: The Midwest region of the Cleantech Open will hold its 2013 Innovation Summit in Minneapolis on Thursday, October 17, highlighting the region’s latest trends in a variety of sectors including new focus areas such as agriculture, chemicals and materials. The daylong event consists of a showcase hall with 75 innovative organizations, informative panel discussions, a live pitch event, and an awards program. Since 2006, the Cleantech Open, a 501(c)(3) non-profit and the world’s largest cleantech accelerator, has been working to find, fund and foster the most promising cleantech startups on the planet. To date, over 700 Cleantech Open alumni companies across the U.S. have raised more than $800 million in external funding and created thousands of jobs. A core goal of the organization is also to convene key industry stakeholders at the local, regional and national level in an attempt to drive innovation in the cleantech space broadly. Over the last five months, the current group of 21 regional startups has worked closely with the Midwest Cleantech Open network, honing their commercialization plans with the help of experts like Steve Blank and Guy Kawasaki, , and several other leading industry mentors. Next up, each company will be featured during two major fall events. During the Midwest Innovation Summit, each company will present to investors and corporate managers. These experts will choose four companies to represent the Midwest region at the 2013 Global Forum in Silicon Valley on November 19-21, where they will compete for the National Grand Prize of a “startup-in-a-box,” valued at $200,000. All 21 Midwest businesses will be invited to participate at the Global Forum as exhibitors and meet investors from across the nation. “This year’s Accelerator startup class features a diverse mix of solutions, including innovations in expansion areas for our program such as Agriculture. Our Midwest organization has also started to tap into communities further east and uncovered exciting entrepreneurs in states like Michigan. We are excited to showcase all 21 companies to the larger regional community at the Summit in Minneapolis. We’ve added new elements to the event this year that will make it a unique experience for every attendee. This includes a larger showcase hall that will help investors and the public get to know 75 of the most exciting new ventures in the region, including our current Accelerator class,” said Justin Kaster, Co-Founder and Executive Director, Midwest Cleantech Open. “Many market players have yet to recognize the full potential of Midwest innovation. The Summit is one of the ways we hope to help highlight the economic opportunity waiting to be tapped,” he added. The 2013 Midwest Accelerator companies that will be present at the Midwest Innovation Summit are: Akhan Tech Hoffman Estates, Illinois Energy efficient diamond semiconductor devices for consumer electronics. Arborlight Ann Arbor, Michigan LED-based lighting product that looks and feels like real skylights. Bearing Analytics West Lafayette, Indiana Rotating equipment-monitoring solution that improves the ability to predict and avoid machine failures, a market problem estimated at $50B. Cellulose Sciences Madison, Wisconsin High energy, high digestibility forages from low value underutilized agricultural residues. EcoSpinners Cleveland, Ohio A zero-emission powered vehicle with no range or power limitations that can avoid traffic and helps you stay fit. EcoStud Calumet, Michigan High speed processing technology to manufacture basalt fiber reinforced polymer (FRP) rebar, a non-corroding concrete reinforcement that has a >10X weight/strength advantage over steel. Effortless Energy Chicago, Illinois Finance and software-as-a-service that allows contractors to better serve the $230B market for home energy efficiency. Envirolastech Rochester, Minnesota Revolutionary closed loop recycling facility that eliminates the need for landfills in any community. Garden Fresh Farms Maplewood, Minnesota OEM for national network of indoor hydroponic farms. GRNE Solutions Roca, Nebraska Energy-producing building technology that saves clients up to 25% on their energy costs. InBalance Chicago, Illinois Engineered energy efficiency products and solutions for large consumers of electricity, gas and water. InvenTek Chicago, Illinois Patented technology for Li-ion batteries to enhance the value to end-users and to reduce cost by 25%. Inventev Detroit, Michigan Solution that up-fits commercial trucks for fleets with new transmission system saving fuel, cutting idle, and generating power. Intelligent Composites Milwaukee, Wisconsin Lightweight aluminum self-lubricating compressors for heavy trucks as a replacement for heavy iron compressors. NanoGas Technologies Deerfield, Illinois Solution targeting waste created on animal farms and in the oil industry, and saves energy, reduces sludge, and transforms chemicals. Ornicept Ann Arbor, Michigan GeoTraverse product eliminates costly data collection bottlenecks and elegantly brings data from the field to the cloud. Prairie AquaTech Brookings, South Dakota Animal health and nutrition company focused on upgrading agriculture processing of by-products. Rowbot Systems Minneapolis, Minnesota Fleets of small robots that unlock the potential for smarter use of farm inputs, increasing growers’ profits and reducing environmental impact. SkySpecs Ann Arbor, Michigan State-of-the-art unmanned aerial vehicle technology that is safe and simple for anyone to use. Small Wind Turbines Brainerd, Minnesota Revolutionary electrical generator technology for application in small wind turbines that reduces the cost of producing electricity by 30%. The Actives Factory Waconia, Minnesota Healthful, natural compounds extracted from the birch tree and sold to dietary supplement, cosmetic and pharmaceutical markets. The 2013 Midwest Innovation Summit will also showcase sponsor companies and partners, as well as many other regional emerging businesses, such as top Cleantech Open Alumni, HEVT of Chicago, Illinois, and Atmosphere Recovery of Eden Prairie, Minnesota. The event will conclude with an awards program recognizing the top four startups and the People’s Choice award for the company with the best on-stage pitch. The Summit will be held throughout the day in the Depot Hotel in downtown Minneapolis. Registration is open to the public and the conference organizers expect an audience of more than 300 attendees. Media passes are available by request at email@example.com. About The Cleantech Open The Cleantech Open runs the world’s largest cleantech accelerator. Our mission is to find, fund and foster entrepreneurs with innovation solutions that address today’s most urgent energy, environmental and economic challenges. The Midwest Cleantech Open was launched in 2010 to provide entrepreneurs and inventors across the Midwest with the resources, training and exposure to help them have a better chance at success. Learn more at the Midwest Innovation Summit at www.midwestinnovationsummit.com and Cleantech Open at www.cleantechopen.org – Vimeo – Facebook – Twitter: @mwcleantechopen The Cleantech Open is made possible by generous support from our Global Partner, Chevron; National Education Partner, University of Phoenix; and National Sponsors, Wells Fargo and PARC. The Midwest Accelerator Program is additionally sponsored by annual sponsors Faegre Baker Daniels, LLP, NextEnergy, Minnesota Department of Commerce, Billion & Armitage LLP, True North Venture Partners, Andcor, and event sponsors and partners Future360.tv, Agstar and the Minnesota Pollution Control Agency. ### Media contact: Justin Kaster, Executive Director Midwest Cleantech Open firstname.lastname@example.org – See more at: http://www.midwestinnovationsummit.com/news/#sthash.2Kv8m0f0.dpuf