Launch of CleanFutures

South Australia continues to be a focal point for expertise in clean and sustainable technologies with the launch of new venture CleanFutures.

CleanFutures is a joint venture of NanoVentures Australia, Australian CleanTech and Bridge8 with the goal of successfully commercialising nanotechnologies that enable clean futures.

Our combination of capabilities and connections means we are able to successfully fund and commercialise technologies that enable clean futures.

By combining the IP, technology transfer and commercialisation project management skills of NanoVentures Australia (NVA), with the clean technology and investment market knowledge of Australian CleanTech and the futures work, government networks and marketing capability of Bridge8, CleanFutures plans to establish the template for the commercialisation of enabling technologies.

Dr Kristin Alford, Managing Director of foresight and science communications firm Bridge8 Pty Ltd, said “Technologies that succeed in the future will be ones that serve the community in a sustainable way. These emerging technologies will developed by combining many disciplines. Our combination of skills means we can take an innovative and integrated approach to commercialisation and makes this joint venture an attractive proposition for South Australia.”

Commenting on the launch of CleanFutures, Barry Brook, the Sir Hubert Wilkins Chair of Climate Change at the University of Adelaide, said, “There is an urgent need for innovative solutions and new technologies to address the ever more present problem of climate change. The opportunities for those that provide these solutions are huge.”

CleanFutures has commenced planning for its first three technologies:
• Carbon nanotube composites for wind turbine blades;
• Aquasens, a rapid, highly sensitive sensor probe for the detection of nitrates and phosphates in water, and sulphites in wine and food products; and
• Oxipure, a patented technology for the effective removal of contaminants including arsenic, phosphates and silicates from environmental waters.

It is believed that there are many future applications that will be brought to market through the integrated approach of nanotechnology and cleantech: an approach that appears to be a world first.

John O’Brien, Managing Director of Australian CleanTech, said “Nanotechnology provides many of the enabling mechanisms that allow cleantech companies to deliver both environmental benefits and investment returns. I am very excited about the launch of CleanFutures, as I believe it has the potential to deliver many game changing technologies with benefits for the community, the environment and the economy. These technologies will enable the future to be clean.”

Dr Peter Binks, CEO of NanoVentures Australia, said “NanoVentures Australia has a portfolio of cleantech technologies ready for market. We see great opportunities in South Australia, with its outstanding research base and strong manufacturing industry”.

CleanFutures was initiated through discussions between the partners at two recently launched industry networks: the Adelaide Cleantech Network (led by Australian CleanTech) and the Australian Nano Business Forum.

“The launch of CleanFutures is a tangible outcome of industry networking and demonstrates the benefits of meeting new colleagues and sharing interests”, said Dr Kristin Alford.

Further information about us, our technologies and our capabilities is available at http://www.cleanfutures.com.au or by emailing cleanfutures@auscleantech.com.au.

European Investors Looking for Australian Clean Technologies

Europe is a strange place at the moment. Having managed to escape the heaviest snow London has experienced for many years and come back to another Australian heatwave, and despite the extreme pessimism in the City, I am enthusiastic about the potential for securing European money to invest in Australian cleantech companies.

Whilst I was there, the front page of The Times of London showed a big picture of the Blitz with a headline saying that the economy has not been this bad since then. There are daily and significant job losses being announced, wild cat strikes over the use of Italian and Portuguese construction workers ‘taking British workers jobs’ and many in the finance community both without a job and facing significant community backlash. It makes the Australian version of the financial crisis seem mild.

The investors I met were all focussed on cleantech and were all remarkably positive and looking forward to a year of growth in 2009. Many were increasing staff levels and confident that they would be able to raise new funds during the year. It was a wonderful contrast to the feeling held by the rest of the country. There was a view that the rest of the UK may be a ‘basket case’ but that cleantech was the one area that is set to thrive.

One consequence of the financial crisis is slight change to the investment mandates. There appears to be an increased emphasis on late stage pre-IPO type capital, as opposed to seed investments, and also on sectors less dependent on carbon pricing such as waste, recycling, building materials and energy efficiency. It was felt that the volatile conditions would lead to unpredictability in carbon pricing that may lead to short term revenue issues. There is also a greater desire to see definitive sales strategies in place and to gain an understanding of exactly how and when revenues will be generated.

These investment groups have either previously raised funds that they are looking to invest or have institutional investors ready to provide further capital as required. The one common problem they seemed to face was enough high quality investment targets in which to invest these funds.

There was also a common view that Australia is an excellent source of technology research and development and that there may be many potential products and companies that would be suitable for investment. The bonus with this arrangement would be that through securing a European investment, companies may then be able to more easily access the larger European markets and thereby increase the value of the company and returns to its investors.

Some of the funds seemed keen to co-invest with local investment partners. This also provides the opportunity for Australian based investment funds to mitigate their investment risks and establish ties with European partners.

It seems as though many in Australia have been looking to the big venture capital funds from Silicon Valley to secure international investment and that there have been limited ties to date with European investors. This feels like a big opportunity that we have been ignoring. A number of the European funds are currently actively looking for Australian investments and are keen to hear of any suitable opportunities.

The investment opportunities for Australian cleantech companies have been clear for some time. My recent trip to Europe has not only reinforced this opinion in a global context but also highlighted the potential to secure additional sources of investment and access to new markets. The future for Australian clean technologies seems even brighter than before.


This article was originally published in Environment Management News