Friday, 24 February 2017
Last updated 1 hour ago
Nov 21 2009 | 7:40am ET
The UK’s Technology Strategy Board, the research company Polecat, the consultancy Volans and the Enterprise UK campaign will give UK cleantech companies a chance to pitch to potential U.S. investors.
The Clean & Cool Mission will send 20 UK companies to Silicon Valley next February to try their luck raising funding and to meet the principals of U.S.-based green businesses.
“The Valley tends to prefer to invest in slightly more established startups, so we are looking for companies that have passed the early idea stage and are preferably revenue-making,” said mission organizer Bronwyn Kunhardt on the UK Trade and Investment website. “We also want a good cross section of different technologies, such as wind, wave, fuel cell and smart grid, which is generating a lot of interest from VCs at the moment.”
Selected companies will be required to pay GBP 1,200 ($2,000) towards the cost of the activity.
Three of the 20 firms that travelled on the mission last year managed to secure funding, while many others continue to prosper, according to Kunhardt.