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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.

8/05-2008
Søren Houmøllers presentation on climate and CSR in Reykjavik

11/04-2008
Søren Houmøller to talk about CSR on Iceland on May 8th

25/02-2008
Søren Houmøller of 1st Mile panelist

3/01-2008
1st chosen as advisor by Danish cleantech company with IPO ambitions

21/12-2007
1st Mile consultant on the Gjøl gasification project

18/12-2007
1st Mile awarded project to develop new energy source

6/12-2007
Videcrantz joins 1st Mile as senior consultant

1/12-2007
1st Mile develops commercial criteria for the Danish EUDP demo program

24/10-2007
Søren Houmøller presents visions and financial framework at Bioenergydagen 2007
Download presentation

18/10-2007
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

25/09-2007
Søren Houmøllers panelist speech at Copenhagen Climate Solutions

13/07-2007
Another new contract for 1st Mile

11/07-2007
New contract for 1st Mile

28/06-2007
1st Mile has struck a nerve
Lots of press coverage for 1st Mile on implementation on clean energy

8/05-2007
Invitation: Opening reception
"Investor's Corner" hope to see many guests on May 31st.

1/05-2007
1st Mile moves to Scion-DTU
Forms "Investor's Corner" with other companies

15/04-2007
Houmøller joins Advisory Board
New Energy Forum plans conference in December '07

02/04-2007
Houmøller appointed chairman
Søren Houmøller chairman of the energy innovation and research committee under the Confederation of Danish Industries

02/03-2007
1st Mile wins contract
1st Mile to help Energinet.dk create business on R&D

26/02-2007
Frost joins 1st Mile
Frida Frost adds implementation and people skills to 1st Mile

07/02-2007
1st Mile Fund
1st Mile to establish new VC fund for early stage investments.

05/02-2007
INGenuity
New blog by Søren Houmøller on innovation launched at Engineering Weekly.

02/02-2007
Silicon Valley pick-ups
Lots of lessons to be learned on cleantech innovation in the Valley.

28/1-2007
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