Top 10 Places to Start Your CleanTech Venture

Our recent trip around 10 cities in United States has7. Portland: Very well connected and supportive
confirmed our view that CleanTech industry is trulynetwork for entrepreneurs in Portland; and there is
strong in US; although China is catching up; the spiritno shortage of inspiring CleanTech companies based
of venture capitalism and support for innovators isin Portland; although it may not have a big Venture
second to none in the world.Capital market as in Silicon Valley or Seattle; it is
That said; certain cities in US are particular supportivecatching up.
to CleanTech developments; here are some8. Las Vegas: I have my reason to include Las Vegas
suggestions based on our findings:in this list; I know many would disagree. Las Vegas is
1. San Diego: We have spent several weeks in Sana good place to start your business from cost point
Diego; the city is already known to be highlyof view; the city has been hit harder than any other
entrepreneurial; and has invested heavily in new ideascities; the Government is providing various incentives
and technologies. This is no exception when comesto encourage start-ups in Las Vegas.
to CleanTech; moreover; there are facilities available9. Atlanta: As we all know, Atlanta is rising as a new
and can be transferrable for CleanTech opportunities.economic power with strong growth in population.
The city also hosts many telecommunicationsImportantly, Atlanta, and Georgia in general has seen
companies which are also supporting energy efficientsignificant growth in technology capability; this is
technologies.achieved through growth of education sector; and
2. New York: Probably not rated by many as a goodtherefore; facilities available from various colleges in
place for start-ups because of the living cost; butAtlanta. A good example is its achievements in
remember; New York is still the capital center of thebiotechnology sectors already; and this is being
world; you will be located close to many CleanTechexpanded into CleanTech sector. Additionally, Atlanta
investment firms; therefore; there is a logisticalis also hosting various large scale conferences and
convenience factor to start up your CleanTechconventions; making it an ideal place for networking.
company here.10. Seattle: How can I forget Seattle? You may think
3. Phoenix: Interestingly; we visited Phoenix tothe rainy weather is not suitable for solar energy?
explore some opportunities relating to "Green DataThis has not deterred CleanTech start up companies
Center"; this is a hub for such technologies; especiallyto call Seattle home. Once again; it is the local culture
utilizing solar energy for IT applications. Its populationin supporting High Tech companies that has drawn a
is also growing; and there is no shortage oflot of entrepneurs to Seattle. Seattle is dominated
institutions supporting new start up companies here.with successful Internet Media companies; which is
4. San Francisco: How can you forget San Francisco?also a growing segment for the CleanTech industry
It is a "CleanTech" hub from many angles. First is thesuch as Green Social Media companies or Media
general support you get from fellow start-upAgencies dedicated to the Green industry.
entrepreneurs; high concentration of investment firmsIt is very hard to just highlight 10 cities; for instance,
for CleanTech sectors; and also an unusualI want to include several cities in North Carolina; as
advantage; the San Francisco population has a highthey are great places for R&D; I also want to
percentage of LOHAs, a segment that is supportiveinclude Orlando in Florida; Florida is a center for many
to Clean energy.companies to try out wind energy and solar energy
5. San Jose: The Silicon Valley will one day becomeapplications; and we have also seen good applications
"Clean Valley" according to many investors. Our visitsbased in New Mexico; and what about Austin and
to several funds have seen a significant expansion ofother University cities that are highly supportive to
their mandate into CleanTech investments; andinnovations?
increasing number of CleanTech firms are alsoUSA is a great place for entrepreneur despite of the
starting here; especially those relating to Greencurrent recession; when choosing your location to
software; CleanTech websites; and energy efficiencystart up your CleanTech: always consider the
technologies.following factors: Is this are known to be "Innovator
6. Boston: Certain a great place for CleanTechfriendly"? Are there many universities (usually will
Start-ups; Boston hosts many "clusters" thathave grants) available? Are there many restrictions in
supports CleanTech start-up companies; in Boston,business such as tax, rental cost or access to
you can receive a lot of supports from universities inprofessionals? What about financing and access to
the form of networks and capital investments.investment capital?