1. The conclusions from the CleanTech Group’s analysis of the venture investment indicated a rebound in 2Q09, reflecting stabilizing macroeconomic conditions, moderately improved availability of credit, a rebounding public equities market, and acceleration of global policy drivers, including numerous green stimulus announcements.
   

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3. 2Q09 cleantech venture investment increased by 24% over 1Q09, but was down 38% from 2Q08.  Through the first half of 2009, investment levels have reset to 2007 levels. Assuming moderate growth in the second half of 2009, they are forecasting a full-year total of $5.5 to $6 billion.  M&A activity rebounded to $9 billion in deal value for the quarter, the most since 3Q08, while cleantech IPOs remain more or less dormant, reflecting the continued inhospitable environment for public offerings, despite the S&P 500 being up 30% from the bottom (at the end of 2Q09).
   

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5. The volatile environment will cause venture investors will continue to be cautious, and generally avoid capital-intensive business models. Promising portfolio companies will continue to receive investor support, albeit at lower valuations.
   

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7. Intended for MBAs, this half semester course (Fall B) capitalizes on the strategic, market, intellectual positioning, and financial frameworks laid out in ENGR 520 to:
   

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9. Analyze venture business models and their products
   

10. Restrategize and reposition their operations in the value chain
    

Companies that were recently analyzed include: Solaicx (solar), Konarka (thin film solar), EOS (water treatment), Mariah Power (wind), Sage Electrochromics (smart glass), Firefly (battery), and Coskata.(ethanol).

For an example of a course syllabus, please see CleanTech Ventures (ES 520) syllabus.doc.