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Charting the Future, Connecting the Globe
CTG keeps you in touch with the emerging trends, the leading innovation companies, and the key players in sustainable innovation around the world.
Thank you
“Lay of the Land” The State of our Ecosystem
Significant and healthy diversification has taken place
03
Percentage share of total global cleantech venture deal volume by sector over time*
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Source: CTG Quarterly Investment Monitor
Transportation dominates – even without mega $200m deals
04
Percentage share of total global venture dollars invested by sector over time
Source: CTG Quarterly Investment Monitor
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Europe & Israel differs from the global picture in a few ways
05
The number of early-stage deals in Europe & Israel is greater than the later-stage
Cleantech Venture Activity, Europe & Israel, 2012-16
Source: CTG Quarterly Investment Monitor
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Europe & Israel differs from the global picture in a few ways
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Transportation is just as dominant an investment category
Cleantech Venture Activity, Europe & Israel, 2012-16
Source: CTG Quarterly Investment Monitor
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Europe & Israel differs from the global picture in a few ways
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Ag & Food is less so, but the segments most strongly related to Power & Utilities are more pronounced in the European portfolio
Cleantech Venture Activity, Europe & Israel, 2012-16
Source: CTG Quarterly Investment Monitor
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VC’s proportion of the overall action has fallen
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Rounds with a VC have fallen by 18% more percentage points than the 30% fall in the count of investment rounds, 2013-16
Cleantech Venture Activity, Europe & Israel, 2012-16
Source: CTG Quarterly Investment Monitor
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VC’s proportion of the overall action has fallen
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VC’s represent just less than 50% of the identified sources of capital (down from a high of 60%)
Cleantech Venture Activity, Europe & Israel, 2012-16
Source: CTG Quarterly Investment Monitor
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A few regulars, A very long tail of investors
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780 is our count of “investors” who have appeared in just one round, 2012-16
Cleantech Venture Activity, Europe & Israel, 2012-16
Source: CTG Quarterly Investment Monitor
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The Intersection of Industry and Digital widens the VC pool
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The presence of Asian investors in western start-ups is increasing
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Evident in our annual Global Cleantech 100 lists… …as well as across the whole portfolio
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Strategic M&A activity seems to be on the rise
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Evident in our annual Global Cleantech 100 lists…
…as well as in our public markets Cleantech Index
The number of companies in our Cleantech Index® (CTIUS) has reduced 2007-16 from a high ~80 to today’s 53, in part due to rising M&A activity: - 20 CTIUS companies were acquired 2007-12 - 26 CTIUS companies were acquired 2013-16
Select acquisitions of CTIUS companies in 2016
Select acquisitions of GCT100 alumni in 2016
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The flow of future-investable capital seems to be strengthening
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May 2016 Nov 2016 May 2017
$200m
(“opens” new industrial innovation fund – 5 LPs to date, ~ €30m)
€50m (first close)
€50m
€106m (first close)
£260m (final
close)
First close (€50m - target)
€100m
£21m (first close)
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CVCs
VCs
£100m
Final close
Thank you
Early Signs of the Next 100 Years: Charting the great, smart industrial transition
The Incumbents’ Challenges: Speed and DNA
016
“Any company designed for success in the 20th century is doomed to failure in the 21st.”
David S. Rose - serial entrepreneur, author, the “father of angel investing in New York”, the “founder or funder over 100 pioneering companies”.
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The Innovators’ Challenges: Cost and Scale
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The size of the cost/scale challenge should not be underestimated
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CTG’s 18 cleantech sectors – the doing of more with less
Advanced Materials
Agriculture & Food
Air
Biofuels & Biochemic
als Biomass
Conventional Fuels
Energy Storage
Recycling & Waste
Water &
Wastewater
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Hydro & Marine Power
Solar
Smart Grid Wind
Fuel Cells &
Hydrogen
Energy Efficiency
Nuclear
Transportation
Geothermal
Digital Technologies have speed and scale
019
Intel’s 1971 4004 had 2300 transistors.
Its 2016 22-core Xeon Broadwell-E5 has 7.2 billion
= 80k times faster and 2m times cheaper
5 billion people online by 2020?
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Digital Technologies have speed and scale
020
5 billion people online by 2020?
50 billion devices (each with multiple sensors) by 2020?
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Intel’s 1971 4004 had 2300 transistors.
Its 2016 22-core Xeon Broadwell-E5 has 7.2 billion
= 80k times faster and 2m times cheaper
Digital Technologies have speed and scale
021
In the past 10 years…
Processing costs have declined by 60x
The cost of bandwidth have declined by 40x
Sensor costs have dropped from $1.30 to $0.60
5 billion people online by 2020?
50 billion devices (each with multiple sensors) by 2020?
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Intel’s 1971 4004 had 2300 transistors.
Its 2016 22-core Xeon Broadwell-E5 has 7.2 billion
= 80k times faster and 2m times cheaper
Momentum is strongest on “all-efficiency” plays
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Examples of some key inter-related themes and technologies
(covered in CTG Insights)
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Next
Generation
Mobility
Services
Advanced
Manufacturing
Digital
+
Industrial
Blockchain
Meets Energy
& Industry
The Sharing
Economy
« At the Cutting
Edge »
(e.g. AR/VR, Gene
Editing, 5G, Soft
Robotics)
CTG’s 18 cleantech sectors – the doing of more with less
Advanced Materials
Agriculture & Food
Air
Biofuels & Biochemic
als Biomass
Conventional Fuels
Energy Storage
Recycling & Waste
Water &
Wastewater
Hydro & Marine Power
Solar
Smart Grid Wind
Fuel Cells &
Hydrogen
Energy Efficiency
Nuclear
Transportation
Geothermal
023
At the Cutting Edge What new technologies will have an impact on energy, industry and agriculture in the next 10 years? Where
are they today? What are early applications in our world of energy and data?
What new technologies will have an impact on energy, industry and agriculture in the next 10 years? Where
are they today? What are early applications in our world of energy and data?
024
At the Cutting Edge
Process transactions Record transactions/ownership data Execute smart contracts
P2P & wholesale energy trading Logistics and supply chain
Land registry
IoT and M2M comm’s EV charging & mobility
Coins & certificates
Measuring the speed and momentum of Industrial Change
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Measuring the speed and momentum of Industrial Change
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Signals on the “severity” of the potential disruption (threat levels)
Signals of the “urgency” felt by incumbents (response levels)
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Signals of the “urgency” felt by incumbents (response levels)
Signals on the “severity” of the potential disruption (threat levels)
Measuring the speed and momentum of change around Mobility
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030
Signals of the “urgency” felt by incumbents (response levels)
Signals on the “severity” of the potential disruption (threat levels)
Measuring the speed and momentum of change around Mobility
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031
Signals of the “urgency” felt by incumbents (response levels)
Signals on the “severity” of the potential disruption (threat levels)
Measuring the speed and momentum of change around Mobility
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Signals of the “urgency” felt by incumbents (response levels)
Signals on the “severity” of the potential disruption (threat levels)
Source: zirra.com
Measuring the speed and momentum of change around Mobility
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033
Signals of the “urgency” felt by incumbents (response levels)
Signals on the “severity” of the potential disruption (threat levels)
Source: zirra.com
Measuring the speed and momentum of change around Mobility
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034
Signals of the “urgency” felt by incumbents (response levels)
Signals on the “severity” of the potential disruption (threat levels)
Measuring the speed and momentum of change around Mobility
Transport-relevant GCT100 companies with Q1 2017 raises
EU “mobility service” companies with Q1 2017 raises
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Signals of the “urgency” felt by incumbents (response levels)
Signals on the “severity” of the potential disruption (threat levels)
Measuring the speed and momentum of change around Mobility
Acquirer Target (& country)
Netherlands
Belgium
USA
Israel
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036
Signals of the “urgency” felt by incumbents (response levels)
Signals on the “severity” of the potential disruption (threat levels)
Measuring the speed and momentum of change around Mobility
Investor Investee company
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037
Signals of the “urgency” felt by incumbents (response levels)
Signals on the “severity” of the potential disruption (threat levels)
“We see autonomous vehicles as having as significant an impact on society as Ford’s moving assembly line did 100 years ago.” Mark Fields, CEO Ford
Measuring the speed and momentum of change around Mobility
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038
Signals of the “urgency” felt by incumbents (response levels)
Signals on the “severity” of the potential disruption (threat levels)
Measuring the speed and momentum of change around Mobility
Investor Investee company
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039
Signals of the “urgency” felt by incumbents (response levels)
Signals on the “severity” of the potential disruption (threat levels)
Measuring the speed and momentum of change around Mobility
Investor Investee company
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040
Signals of the “urgency” felt by incumbents (response levels)
Signals on the “severity” of the potential disruption (threat levels)
Measuring the speed and momentum of change around Mobility
Investor
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Investee company
041
Signals of the “urgency” felt by incumbents (response levels)
Signals on the “severity” of the potential disruption (threat levels)
Measuring the speed and momentum of change around Mobility
Investor
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Investee company
Thank you
Early Signs of the Next 100 Years: Charting the great, smart industrial transition
Digitalization can only take us so far
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Digitalization can only take us so far
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Source: Roger Pielke Jr, Center for Science and Technology Policy Research, University of Colorado
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Digitalization can only take us so far
045
Completing the Puzzle: Is Fusion Energy Coming of Age? Carbon-based Products: An overlooked trillion dollar market opportunity? Clean Hydrocarbons: Oxymoron or Possibility? Empowering billions in Africa – The opportunities, the realities, and what’s next?
Source: Roger Pielke Jr, Center for Science and Technology Policy Research, University of Colorado
Core Energy & Carbon Topics…
11:15 AM - 12:15 PM, May 17 & 11:55 AM - 12:55 PM, May 18
3:15 PM - 4:15 PM, May 17
4:45 PM - 5:00 PM, May 17
10:50 AM - 11:50 AM, May 18
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Digitalization can only take us so far
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Making Electronics Ever More Flexible and Efficient: The Metals and Material Building Blocks Avantium and the GCT100 Hall of Fame Cultivating a Successful Bioeconomy, Starting with Biomass Money can grow on trees - Combining Finland’s biomass supply with Western Europe’s chemical hub Building Green: Wood Alternatives
Plenty for the chemists and material scientists…
2:00 PM - 2:50 PM, May 18
10:00 AM - 10:20 AM, May 18
10:50 AM - 11:50 AM, May 18
11:55 AM - 12:55 PM, May 18
2:00 PM - 3:00 PM, May 17
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Thank you
If you remember nothing else from this morning, remember this….
Thank you for you your attention, and for being here
049
CTG at a Glance
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