2 nd Australia-Korea Green Growth Workshop. Investing in intellectual property commercialisation. Mark Bonnar. 18 March 2011

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1 2 nd Australia-Korea Green Growth Workshop Investing in intellectual property commercialisation Mark Bonnar 18 March 2011

2 Green Growth Plan is a national economic priority. President Lee Myung-bak A high tech, high skill, clean energy economy. Prime Minister Julia Gillard on her vision for Australia Korea intends to be one of the World s five largest clean energy producers by 2020 and its government is investing KRW 7 trillion (A$6.2 billion) as part of a KRW 40 trillion package (A$35.3 billion). Environmental finance Feb 2011

3 Cleantech Ventures Funds Under Management Cleantech Australia Fund (Innovation Investment Fund round 3) $50m first closed late year fund early expansion cleantech focus CEGT Fund (Centre for Energy & GreenhouseTechnologies) $30m investing since 2005 evergreen fund seed cleantech focus Both funds actively investing

4 The Investment Team Jan Dekker, Principal 20 years in cleantech Formerly CEGT, SEDA, NSW EPA, Sydney Water Andrew Pickering, Principal 11 years in cleantech Formerly CEGT, Deloitte, energy startups Mark Bonnar, Investment Director 15 years ICT, energy & manufacturing + PhD thin film PECVD Formerly CSIRO, Applied Materials Inc (US), VC start-ups Bill Nikolovski, Investment Director 25 years growing businesses in manufacturing and services Formerly IPSOS, NCS Person, Pilkington Automotive Julian Turecek, Investment Manager 16 years in the energy industry Formerly Origin climate change & carbon trading

5 Cleantech Ventures Portfolio Companies Renewable energy and desalinated water from ocean waves. High productivity welding tip which reduces energy consumption. Residential and commercial solar energy system design, supply & installation. Street lighting ballast control system - 25% efficiency improvement. Industrial recycling company recovering ZnO from electric arc furnace wastes. Ilum-a-lite designs, manufactures and distributes a range of energy efficient lighting products and services, which saves money and reduce the impact of electricity generation on the environment. Semitech Semiconductor provides robust and reliable power line communications solutions, transforming the electricity grid into a smart grid.

6 Successful exits for Cleantech Ventures in 2009/10 Highly developed supercapacitor battery with increased power and lifespan. Advanced power-sensing/control to reduce standby power consumption High efficiency power station turbine blade resurfacing. Novel material additive for paints and coatings with one-way insulation properties

7 What does the post financial crisis landscape mean for green technology commercialisation? 30% more companies funded in 2010 than 2009 But market remains cautious over technology risk

8 Australian listed cleantech stocks through the financial crisis Australian cleantech stocks were outperforming ASX200 pre-gfc Cleantech companies saw comparable price losses during GFC Cleantech struggled to regain ground in 2010 Some improvements in 2011 year to date are visible

9 Despite recovery fund raising for early stage investing remains difficult. Year No of VC funds Value US$ billion US VC funds raised. Source NVCA

10 How is commercialisation in the green tech sector different? Capital intensive (~ 6 10 times). Highly regulated markets. Longer time to market (5 7 years). Not a green bubble - real drivers. Continues to need strong and visionary government support.

11 How is Australia investing in commercialisation its green technology R&D? Structured government stimulus schemes such as: A$100M Renewable Energy Venture capital Fund Australian Centre for Renewable Energy (ACRE), A$200M Innovation Investment Fund AusIndustry Hotline or Plus market based incentives such as Tax Breaks for Green Buildings (A$1Bn), Renewable Energy Targets and energy efficiency certificate schemes. The Australian government has invested approx A$5.5 billion to date on climate change programmes.

12 Green opportunities in Korea Ecol Biotech Co., Ltd. Established: 2005 CEO: Lee Jae Sik Business Area: Eco-friendly polymers Location: Namdong-gu, Incheon Website: Austrade Contacts in Korea Renee Lim Business Development Manager Australian Trade Commission Australian Embassy, Seoul Seoul, South Korea T +82 (2) M F +82 (2) E Renee.Lim@austrade.gov.au Seongil Kim Business Development Manager, Austrade Seoul T +82 (2) F +82 (2) M IP 82816

13 Thank you :

Originally published in Top Capital Republished with permission

Cleantech Investing in China John O Brien, Sino CleanTech April 2012 Originally published in Top Capital www.topcapital.com.cn. Republished with permission The growth of cleantech investing in China over