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1st mile fund

1st Mile has announced the intention to establish the “1st Mile Fund” which is to invest in clean energy and environmental technologies.

Investors around the World are expected to invest approx. $100 bn over the next six years in the sector, but as it is very immature compared to other sectors, there is a significant lack of exceptional technologies to invest in. In other words, investors need developed deal flow to pick from.

1st mile fund business focus:

At the same time, many universities deliver unique and outstanding research, but do not have the capabilities or the entrepreneurial mindset to create businesses on the research.

The 1st Mile Fund will close this gap and provide VC’s with high quality deal flow.

The fund will pick the promising technologies at a very early stage and spend significant amounts of time to prepare the technologies for investors. The fund will finance this effort and obtain minority stakes in the companies, as well as participate in the first investment round, in which the 1st Mile Fund will participate with other investors.

The goal is to close the fund at approx. €10 million. Development work and investments will be done the first four years.

The fund is expected to close no later than by the end of 2008.
Interested investors can contact Søren Houmøller for details.

Søren Houmøllers presentation on climate and CSR in Reykjavik

Søren Houmøller to talk about CSR on Iceland on May 8th

Søren Houmøller of 1st Mile panelist

1st chosen as advisor by Danish cleantech company with IPO ambitions

1st Mile consultant on the Gjøl gasification project

1st Mile awarded project to develop new energy source

Videcrantz joins 1st Mile as senior consultant

1st Mile develops commercial criteria for the Danish EUDP demo program

Søren Houmøller presents visions and financial framework at Bioenergydagen 2007
Download presentation

New course: Business plans for project applicants
Projects must now contain business plans. 1st Mile teaches how.

October, 2007
Massive press coverage for 1st Mile views on cleantech

Søren Houmøllers panelist speech at Copenhagen Climate Solutions

Another new contract for 1st Mile

New contract for 1st Mile

1st Mile has struck a nerve
Lots of press coverage for 1st Mile on implementation on clean energy

Invitation: Opening reception
"Investor's Corner" hope to see many guests on May 31st.

1st Mile moves to Scion-DTU
Forms "Investor's Corner" with other companies

Houmøller joins Advisory Board
New Energy Forum plans conference in December '07

Houmøller appointed chairman
Søren Houmøller chairman of the energy innovation and research committee under the Confederation of Danish Industries

1st Mile wins contract
1st Mile to help Energinet.dk create business on R&D

Frost joins 1st Mile
Frida Frost adds implementation and people skills to 1st Mile

1st Mile Fund
1st Mile to establish new VC fund for early stage investments.

New blog by Søren Houmøller on innovation launched at Engineering Weekly.

Silicon Valley pick-ups
Lots of lessons to be learned on cleantech innovation in the Valley.

1st Mile founded
1st Mile is to bring clean technologies to life.


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1st Mile covers the first commercial distance for new business concepts