Melville, NY – August 18, 2015 – The Long Island Capital Alliance (“LICA”), Long Island’s leading non-profit capital formation and business development organization, today announced the successful completion of its Clean Energy Capital Forum held on July 23, 2015. The capital forum was held in collaboration with Stony Brook University’s Clean Energy Business Incubator Program (CEBIP), and featured presentations by clean technology companies from CEBIP or which have other connections to the Long Island region.
Six clean energy companies presented their businesses to an audience that included venture capital firms, investment banks, private equity firms, angel and high net worth investors. Each of the companies selected by LICA for presentation at the capital forum possesses unique intellectual properties with catalysts for transforming the energy efficiency marketplace. Keynote speaker Larry Dinkin, a Long Island native, discussed his success story in Founding, building and selling a retail food products business which led to him becoming lead investor in waste-to-energy pioneer InEnTec Inc. David Hamilton, Executive Director of CEBIP, also gave a keynote address, and he described the important role being played by his organization in creating a regional powerhouse for new forms of renewable and environmentally friendly power.
“The Green Energy Capital Forum showcased extraordinary technologies being brought to market through incubation programs and direct private funding,” said Neil Kaufman, Chairman of LICA. “In addition to entertaining and engaging keynote addresses, we were joined by a panel of clean technology investment professionals who were on hand to review the presenting company presentations and offer their insights on the commercial viability and prospects for market success.”
Commenting on the event, CEBIP Executive Director David Hamilton said, “It was a great experience working with LICA to provide this outstanding event for CEBIP’s Clients. Our goal is to work closely with our Clients to develop strong strategic plans to ensure the best possible chance of achieving commercialization. The opportunity for these CEBIP Clients to present at this LICA event provided them with an excellent opportunity to meet Long Island business leaders and clean energy investors, as well as to hone their public speaking skills.”
Clean Energy Capital Forum Presenting Companies
Bonded Energy: Lower cost, customizable steam heat technology through real control for every steam radiator.
Brimes Energy: Captures the constant movement of ocean waves and converts it into usable energy.
InEnTec: World leader in advanced systems for waste gasification.
Monolayer Technologies: Cost effective production of platinum monolayer catalysts to improve performance and reduce cost of hydrogen fuel cells.
ThermoLift, Inc.: The Ultimate Heat Pump combines natural gas air-conditioner and heating technology to reduce building HVAC costs by 30-50%.
Triglia Technologies: Combined Microwave and RF drying machine for the lumber industry that will drastically reduce energy and time required to dry wood.
Clean Energy Capital Forum Panel of Investors
The following investment professionals participated in the panel discussion at the Clean Energy Capital Forum:
Gabriel Kra: Managing Director for Prelude Ventures, oversees Prelude’s investments in alternative energy and cleantech companies. Gabriel currently sits on the Board of Directors of Renew Financial, PLANT PV, Sense Labs, and Project Frog and is active or a board observer with Prelude’s investments in Suniva, Yerdle, Citrine, and QuantumScape. Prior to founding Prelude, Gabriel was an investment banker with Deutsche Bank in its solar and semiconductor group in San Francisco. Previously, Gabriel held positions in 3 venture-backed telecommunications and semiconductor startups. Gabriel holds MBAs from the Haas School of Business and Columbia Business School, a master’s degree in atmospheric chemistry from SUNY Stony Brook, and a BA in Philosophy from Columbia College.
Michael Lustig: Recently retired from a 25+ year career on Wall Street, primarily at BlackRock where he led Structured Products & Derivatives trading. He now devotes his time to philanthropy and Impact Investing, including an active Board of Directors seat at GigaWatt Global, which recently grid-connected the first industrial-sized solar field in all of East Africa (Rwanda). Michael chairs a Task Force at UJA-Federation of NY (the largest local philanthropy) focusing on Impact Investing, and is overseeing their investments in this area.
Ken Greene: Founder of Jericho Capital, which invests in public and private technology companies. He also is Chairman of Caliber Technologies, an office supply company with a social mission of supporting the U.S. military personnel; a director of Broadlook Technologies, a search engine automation company for sales, marketing and HR professionals, and a director of RingLead, a data quality company. In addition, Mr. Greene is a mentor at Launch Pad Long Island, a business accelerator, and LI Tech Comets, a start-up and tech incubator.
Next LICA Capital Forum
LICA is hosting a Technology Capital Forum on Friday, October 23, 2015 from 8:00 a.m. to 11:00 a.m. at 68 South Service Road, Melville, NY. The capital forum provides an opportunity to meet capital providers, entrepreneurs, industry executives and businesses seeking capital, as well as to hear a panel of industry experts discuss financing alternatives for emerging growth companies.
For more information about the event, please contact LICA today or register.
About Long Island Capital Alliance
Since 1984, the Long Island Capital Alliance (www.licapital.org), formerly known as Long Island Venture Group, has been promoting business growth on Long Island. LICA seeks to create a productive and business-friendly environment that will afford area businesses access to the resources necessary to compete successfully in today’s markets. LICA serves as a focal point for the exchange of ideas among new and existing business enterprises, successful entrepreneurs, investors, and service providers. Through quarterly capital forums and special meetings, LICA brings together members of the region’s business community, and has been recognized as the place to turn to when small businesses need equity, debt, or other financing, or for investors to find an attractive investment opportunity.
LICA’s mission is to encourage economic development on Long Island by facilitating capital formation for a broad range of companies in various industries, from early stage to mature, middle market, closely held and publicly-traded businesses. LICA accomplishes this primarily through education, networking, quarterly capital forums, periodic special educational meetings, and alliances with other regional organizations. LICA brings together members of the region’s business community and serves as the finance arm for significant local business and organizations.
For more information on LICA and its next event, please contact LICA today or register online.
About the Clean Energy Business Incubator Program at Stony Brook University
Funded by the New York State Energy Research and Development Agency (NYSERDA), the Clean Energy Business Incubator Program (CEBIP) at Stony Brook University has been in operation since October 2011 providing assistance and resources for developers of renewable and clean-energy technologies. Through the expertise, business acumen and technological resources of CEBIP’s management team, advisory board, researchers at Stony Brook University and other extensive partnerships, CEBIP helps bridge the gap between innovation and market with a full commitment to helping entrepreneurs develop and commercialize clean-energy technology. CEBIP provides resources for clean-energy innovators that include mentorship at various stages of entrepreneurial development, guidance for business and strategic plans, and assistance in preparing for and locating funding opportunities. CEBIP’s goal is to develop a successful clean-energy economy on Long Island, creating high-paying “cleantech” jobs and industry within Long Island and New York State.
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Darrow Associates, Inc.