Inaugural Venture Forum Confirms Cleantech Potential

Ann Arbor, MI –November 26, 2002. The first ever venture capital forum on clean technologies – from advanced energy to wastewater treatment – was held in Toronto, Ontario during November 13-14th.

Ann Arbor, MI –November 26, 2002. The first ever venture capital forum on clean technologies – from advanced energy to wastewater treatment – was held in Toronto, Ontario during November 13-14th. More than 120 participants saw presentations by twenty high-growth potential companies and heard leading experts identify exciting market opportunities.

Investors attending the Toronto Forum included angels, banks, corporations, pension funds and professional venture capitalists from Asia, Europe and across North America: among them were: ABB New Ventures, Arete Corporation, Avana Capital, BASF, BDC Venture Capital, Blue Hill Partners, Burrill & Company, E2 Venture Fund, EcoElectron Ventures, Energy & Environmental Ventures, Environmental Banc & Exchange, EPCOR, Expansion Capital, Export Development Corporation, Hydro Quebec Capitech, International Finance Corporation, InvestEco Capital, Lubrizol Corporation, McGovern Capital, Mitsubishi International, Monteco Holdings, NextGen Partners, Nth Power, OPG Ventures, Prospect Street Ventures, Rockefeller & Co, Rockport Capital, Royal Bank Capital Partners, Sound Point Ventures, Sustainable Development Technology Canada, Sustainable Jobs Fund, Teachers Merchant Bank and Working Ventures.

In-Pipe Technology Company was voted “Most Promising Presenter” by attendees, winning a package of services from, CLEANTECH, and EIN Publishing worth in excess of $10,000. In-Pipe is commercializing a patented technology, based on fundamental microbiology principles and science, within the multi-billion dollar municipal wastewater treatment market. “The Forum far exceeded my expectations”, said In-Pipe CEO Dan Williamson. “It was a well-organized event, with a lot of topics covered very effectively. In terms of qualified investors, it was the best-attended VC conference that anyone on our team has experienced. Best of all, we created a lot of interest from a significant number of the attendees - and that was before the award ceremony!” Presenting companies were pre-selected by a panel of prominent venture investors.

According to CLEANTECH Chairman Nicholas Parker, “In the past few months we have seen “cleantech” emerge as a legitimate investment category. With our
Cleantech Investment Monitor we see that over $1.2 billion is being invested in
North American ventures this year alone. Our inaugural Forum confirms the diversity of investor interest in the cleantech space and the quality of investment opportunities available. Clearly, there is now a rising tide of enthusiasm for what is one of the next waves of venture innovation”.

The next Cleantech Venture Forum will be held in San Francisco from April 30th to May 1st 2003 at the InterContinental Mark Hopkins Hotel.

Publicly launched in July 2002, the Cleantech Venture Network is a market facilitation service providing venture forums, investment reports, deal flow inventory and online services to investors and companies

For additional information, or
Contact: Keith Raab, CEO 734-528-2979
Or Nicholas Parker, Chairman 416-456-9314

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