The Red Herring North America included 200 pre-selected, mainly late-stage startups and companies, to vie for the coveted Red Herring Top 100 List. Most of the presenting businesses have already demonstrated promising success, with more than one funding series, sales of multi-million, and an impressive list of customer acquisitions.
The Red Herring top 100 lists are highly recognized. TheseAlex Vieux, named by business leaders as “The ultimate entrepreneur”, is the chairman and publisher of Red Herring and CEO of Herring International. Red Herring analyzes the potential of approximately 3,000 startups each year and runs several conferences in Asia, Europe, and the Americas. Awards highlight the most promising startups from these regions as well as the Global Top 100 list. Entrepreneurs are encouraged to apply for a thorough review in a rigorous 3-step process that looks at all aspects of the company and compete on awards. Since 1996, technology industry executives, investors, and strategists have valued the 100 lists as a credible tool for discovering and advocating the most promising private ventures from around the world.
The Red Herring categories this year focused on innovative startups in Cleantech, finance, mobile, Internet technologies, social, and software solutions for various business domains.
Eight Cleantech companies made it to the Top 100 North America List:
- Aseptia/Wright Foods - NC
- Daintree Networks, Los Altos, CA
- MicroGREEN Polymers, Inc., WA
- OxiCool, Inc., PA
- Packsize LLC, UT
- Skyonic Corporation, TX
- StreetLight Data, San Francisco, CA
- T3 Motion, Inc., CA
In a series of presentations, CEOs pitched their businesses. Here is a brief overview of some of the presentations I attended:
1. Skyonic Corporation - http://www.skyonic.com
The carbon capture company has developed technology solutions using chemical engineering components to permanently sequester CO2 in mineral form (carbonates) and removal of several particles like nitrogen dioxide, sulphur dioxide and more, which are used in many industrial processes.
The company’s SkyMine and SkyCycle technologies are designed to economically, and at a commercial scale, to extract and mineralize CO2 from industrial flue gas into products such as baking soda, hydrochloric acid and limestone. Skyonic solutions are profitable, scaleable and have an internal rate of return (IRR) of 30% without government subsidies.
On May 22, the company announced it had secured additional funding of $12.5 million from their existing investors and an additional Canadian investor. The funding is targeted for the continued development of the SkyCycle technology toward commercialization and also in supporting Skyonic’s international growth.
2. StreetLight Data - http://www.streetlightdata.com/
The San Francisco based company offers data-as-a-service platform, which tracks and analyzes archival, anonymous and mobile data from cellular and GPS networks. StreetLight Data collects 'messy', disparate data about how people move about or use their city, and turns the data into actionable analytics for marketing, planning and more.
The information sheds light on the demographic and mobility patterns of the relavant population in shopping centers, in offices, neighborhoods, and more.
The company’s product StreetLight InSight provides empirical, dynamic data about the movement of groups of people within a region. InSight analytics answer the question “who moves where”? providing insights that enable retailers and city governments to plan and support economic development decisions. For example, the information can help determine where (and which stores) people frequent in a shopping or commercial center and understand how the composition of visitors differs by time of day, day of week, month or season.
3. T3 Motion, Inc.- http://www.t3motion.com/
The company manufactures personal mobility vehicles that are high performing and finely engineered, with advanced safety and mobility features. By investigating and analyzing functional needs and performance requirements, T3Motion makes professional-grade personal mobility vehicles for fleets and individual consumers. Keeping the target customer close to mind, the company's electric vehicles (EVs) are meticulously designed with upmost attention to design, functionality, and engineering. The models are all-electric vehicles that produce zero gas emissions all-electric vehicle and are economically viable, proving that clean energy is cost-effective.
Based in Southern California, the company was formed in 2000 by a diverse group of experts from several backgrounds, including engineers, designers, electronic engineers, seasoned managers, and environmental specialists. The team was set on creating alternative automobiles in order to enhance the personal mobility markets around the world.
The T3 Series group of products was launched in 2006. The T3 Series squarely hits the target for an environmentally-friendly, cost-effective professional vehicle that is designed to improve efficiency, reduce fatigue, and increase the ability to interface with the community.
With its commitment to research, development, and manufacturing of clean-energy vehicles, T3 Motion stated they’ll continue to evolve with new product lines and various zero-emissions solutions.
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