Diversifying FloridaDiversifying Florida’’s Economy: s Economy: Cleantech ClusterCleantech Cluster

Sena BlackEnterprise Florida

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Cleantech Cluster Strategy

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CleantechMicrositeeFlorida.com/Cleantech

• Cleantech Market Brief• Industry Newsletters• Expansion Assistance

• Cleantech Market Brief• Industry Newsletters• Expansion Assistance

• Latest Buzz• Current News• Fresh Content• RSS Feed

• Latest Buzz• Current News• Fresh Content• RSS Feed

• Industry Quick Links• Industry Quick Links• Cluster Videos•EFI YouTube Channel Feed

• Cluster Videos•EFI YouTube Channel Feed

Thought Leadership•Webinars•White Papers•Podcasts

Thought Leadership•Webinars•White Papers•Podcasts

Florida In Depth•Cluster Snapshot• Market Brief

Florida In Depth•Cluster Snapshot• Market Brief

• Cluster Map• Cluster Map

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• Environmental Remediation• Biofuels• Solar • Energy Storage• Smart Grid• Ocean Energy• More in future……..

Marketing Florida Innovations

Strategic Alliances:

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Large Growth Market

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Potential for Job Growth

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Increase in VC Investments

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Top VC investment States (# deals)

1. California2. Massachusetts3. Texas4. Washington5. New York

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California – the leading state

Captured most VC dollars: 40% of total $Highest number of deals 4X as many venture backed deals as Massachusetts 6X as many venture backed deals as Texas

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Silicon Valley 3.0

Clean tech start-ups replacing IT as major growth sector (WSJ, Oct. 21, 2001)

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Why? Multiple drivers

• Large entrepreneurial base• R&D (universities, labs) • Early-stage capital• Supportive state and local policies for

innovation • Clean energy policies

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Florida

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Florida cluster growth strategy

Become Cleantech innovation hub – R&D Advance Cleantech Commercialization

Incubators, matching grants, “gap funding”Expand VC market in Florida

“Valley of death” – early stage seed capital Florida Opportunity Fund, Florida Growth Fund

Attract innovation and capital intensive projects

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Attraction/Expansion: Some Early Results (2008-10)• Projects: 18• Projected Jobs: over 2,000• Projected Investment: over a billion dollars • Broad representation:

– Cellulosic ethanol manufacturing– Solar/wind turbine manufacturing– Lithium-ion battery manufacturing– LED lighting – Biofuels production from organic waste-- trash to renewal fuel -- algae biofeuls

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www.eflorida.com/cleantech