The 2014 Clean Business Investment Summit (which we abbreviate CBIS and pronounce “C-Biz”) held its first planning meeting this morning. I’ve been proud of the role I’ve played here (member of the Board of Advisors) since I joined in 2010, chiefly because this event, held in late summer, has been fairly effective in helping cleantech start-ups raise the seed capital they need to go forward. Historically, 30% of the companies presenting (there are about 15 each year) actually get funded – representing a total of over $110 million in angel investment money since the program’s inception 11 years ago.
In my view, 30% is a fairly impressive figure. After all, even though all the business plans are vetted, let’s just say that some of these ideas are better than others.