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Strategy

Often there is a large difference in world view of the people with the ideas and technologies and the people with the money.

At 1st Mile we believe this is perhaps the largest single factor stopping new ideas and technologies from becoming reality. As such, this is a major motivation for our company: To make these ends meet.

Many researchers tend to see the world of new technology development as "technology push". You have a great idea, you do research, and perhaps you build a prototype. The process is illustrated below.

Venture capitalists and other investors usually see the world from a different perspective, as illustrated below. They view not only the technology, but also focus on the commercial side. Usually, the technology that is so important to the researcher or inventor is not really important for the investor. It is all about the markets the product based on the technology is able to serve, the economy and the management.

In other words, the technology is a prerequisite for the investor who focuses on markets, money and management.

1st Mile is specialised in creating business on technology. We offer:

  • Screening of research and development projects for business potentials. Our typical customers are organisations responsible for R&D programs and companies with R&D portfolios.
  • Evaluation of investment opportunities. Our typical customer are venture capitalists who seek industry knowledge, network, operational experience from the cleantech sector.
  • CEO services and board representation for start-up companies. Our typical customers are venture capital investors and other investors who needs to speed up the development of an acquired company.
  • Portfolio value maximisation through stage-gate processes and clear kill-decisions

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