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Søren Houmøllers speech at Copenhagen Climate Solutions

Søren Houmøllers speech at the conference Copenhagen Climate Solutions, September 25th, 2007, Copenhagen, during the “Investment in cleantech”-session.

My view as panellist will be how we can create the clean energy and environmental technologies for the future and approach the global market with them. But we do, however, have large deficits in our competences.

In Denmark, the wind turbine adventure serves as a successful case. We conquered the world with our technology and people often state that we should repeat and copy that success.

What if we are not able to do that? What if the rules of the game have changed and our way does not work any more? What if other nations are running fast past us while we are busy padding our own backs and admiring our own previous successes?

The problem we have in Denmark is that we are unable to move new ideas to the global market. A preferred way of bringing winning technologies to the market is venture capital. The trust a venture capitalist shows a company by investing in it shows that the technology, the team behind, the market and the financial numbers all qualify the idea. This means a higher success rate, also because the investor adds capital and management.

In Q3 2006 venture investors in Silicon Valley invested $300m – or close to DKK2bn – in cleantech. In the same period of time investments in Denmark totalled less than DKK50m – or only a few percent of the Silicon Valley investments. And in 2006 the total global venture investments in cleantech reached $8.1bn. Analyses show expected venture investments of more than $100bn until 2012.

In this context it is hopelessly naïve of us to think that we would be able to win any race for new solutions. We need to add much more effort here.

The new rules of the game are:

  • Create and maintain an excellent knowledge base through research, development and testing
  • Add innovation, ie the ability to make a business on the technology
  • Add capital and management

Unfortunately, we severely lack the two latter ones. That is the mission of our company, 1st Mile: To add innovation and prepare technologies for venture capital, so that we can bring the new solutions to market and win the quest for new businesses. We know that if the idea is good, the team competent and the business plan of good quality, we will find the money easily.

For Denmark, it is crucial to understand that we can leverage on our green image and global respect, on our high level of knowledge, and our previous successes, but that we are at great risk of losing out on the future possibilities, if we are not able to add innovation and entrepreneurship to our competences.

Thank you for your attention.

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