PALO ALTO, Calif., Aug. 20, 2013 /PRNewswire-iReach/ -- The Cleantech Open, the world's largest cleantech accelerator, is partnering with PARC, a Xerox company, to promote the formation and development of cleantech startups. PARC is now a National Sponsor of the Cleantech Open, and plans to work closely with the Cleantech Open to create industry events, mentor entrepreneurs and startups, and provide technology expertise and prototyping support to selective startups. PARC joins other key sponsors of the Cleantech Open, including Global Partner, Chevron; National Education Partner, University of Phoenix; and National Premier Sponsor, Wells Fargo.
"Our partnership with the Cleantech Open is part of our commitment to providing open innovation to help solve some of the global problems we face today," said Stephen Hoover, CEO, PARC. "Our open innovation model combined with our unique position in the market—among VCs, entrepreneurs, large corporations, and academia—gives startups new business options, custom technology, IP, internal capabilities, and other innovation services to which they might not have access early on. The Cleantech Open's leading voice and vast reach in this sector, combined with our deep research in energy and water innovation, is a great match. Together we will be able to help entrepreneurs and startups with problems and challenges they grapple with as they deliver breakthrough technology. We plan to replicate this type of partnership model with startup incubators across a variety of vertical sectors."
PARC started working on a variety of cleantech and energy innovations in 2002. The company's portfolio of innovations help drive down the cost of solar energy, create data centers that better manage energy demand, develop new technologies for water treatment, and improve batteries by using sensors, chemistry, and printing to improve performance and safety. PARC's goal is to apply its existing technical capabilities to support a variety of industries, from solar electricity to electric vehicles to portable power.
"The excellent research facilities and technical brain trust at PARC provide yet another major resource for our entrepreneurs," said Rex Northen, executive director of the Cleantech Open. "This is a remarkably exciting partnership between the world's largest cleantech accelerator and the world's leading research and innovation center—one that we expect to flourish over the years to come."
The Cleantech Open is the largest and most effective accelerator of its kind for clean and green entrepreneurs who want to change the world. Each year, cleantech entrepreneurs from across the United States submit their business ideas in order to participate in the Cleantech Open Accelerator, which offers in-depth training, networking, and the chance to receive national recognition and funding.
Over the past eight years, more than 700 startups have participated in the Cleantech Open Accelerator program, and nearly half of these have gone on to raise external capital that now totals more than $800 million. Internationally, cleantech startups from 33 countries have participated in Cleantech Open programs through its Global Ideas Competition.
CLEANTECH OPEN PARTICIPANTS HAVE ACCESS TO EXCEPTIONAL RESOURCES AND BENEFITS
The Cleantech Open Accelerator now covers all 50 states, served by 8 regions. This year, the organization will hold more than 100 regional and national events in more than 25 different cities to unite its 2,000 professionals, many of whom are passionate volunteers, in their effort to find, fund, and foster tomorrow's cleantech success stories.
Innovators who are selected to participate in the Cleantech Open receive:
- Training through two National Academy events, national webinars, and regional training.
- One-on-one mentoring from 1,000+ expert mentors across the United States, and through dozens of regional business clinics.
- Access to capital through the Cleantech Open network of strategic investors, networking receptions, and the popular Investor Connect events.
- Showcasing and press exposure of their technologies, products, and services at five major Regional Innovation Awards and at the Global Forum in November 2013.
- A collection of free resources and lifetime membership to Cleantech Open's alumni program, on graduation.
PARC, a Xerox company, is in the Business of Breakthroughs®. Practicing open innovation, we provide custom R&D services, technology, expertise, best practices, and intellectual property to Fortune 500 and Global 1000 companies, startups, and government agencies and partners. We create new business options, accelerate time to market, augment internal capabilities, and reduce risk for our clients. Since its inception, PARC has pioneered many technology platforms – from the Ethernet and laser printing to the GUI and ubiquitous computing – and has enabled the creation of many industries. Incorporated as an independent, wholly owned subsidiary of Xerox in 2002, PARC today continues the research that enables breakthroughs for our clients' businesses. Learn more at www.parc.com.
ABOUT THE CLEANTECH OPEN
The Cleantech Open runs the world's largest cleantech accelerator. Its mission is to find, fund, and foster entrepreneurs with big ideas that address today's most urgent energy, environmental, and economic challenges. A 501(c)(3) not-for-profit organization, the Cleantech Open provides the infrastructure, expertise, and strategic relationships that turn clever ideas into successful global cleantech companies. Since 2006, through its one-of-a-kind annual accelerator and competition, the Cleantech Open has enabled 727 cleantech startups to bring their breakthrough ideas to fruition, helped its alumni companies raise more than $800M in external capital, and created thousands of green-collar jobs. Fueled by a global network of more than 2,000 volunteers and sponsors, the Cleantech Open unites the public and private sectors in a shared vision for making America's and the world's cleantech sectors a thriving economic engine. For more information, visit www.cleantechopen.org, or follow us on Twitter and Facebook.
THE SPONSORS WHO MAKE IT POSSIBLE
The Cleantech Open is made possible by the generous support of our sponsors and partners, including Global Partner, Chevron; National Education Partner, University of Phoenix; National Premier Sponsor, Wells Fargo; and National Sponsor, PARC. Regionally, the programs are additionally supported by the following corporate partners: Cleantech Innovations New England, Commercial Energy, Deloitte, Faegre Baker Daniels, Massachusetts Clean Energy Center, National Grid, NYSERDA, Pacific Gas & Electric, and many others.
Media Contact: Tim Cox, Cleantech Open, +1-650-369-7784, firstname.lastname@example.org
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SOURCE The Cleantech Open