Clean-tech climate for start-ups

SUN

Published in Silicon Republic

February 16, 2012

Looking to the climate for clean-tech start-ups in Ireland, Dr Tom Kelly, Enterprise Ireland’s divisional manager for clean-tech, industrial services and life sciences, points to the areas that offer growth potential. 

”Areas that look particularly promising include renewables, waste to energy, energy efficiency, remote monitoring and data collection and analysis, smart grid development and water and water treatment,” he says.

Enterprise Ireland’s High Potential Start Up unit supports between 80 to 100 new start-ups each year, with clean-tech companies accounting for about a third of these new start-ups over the past few years. 

Kelly says the challenge for the SME community in this space is to develop effective partnership and joint venture opportunities, so they can rapidly establish their presence in the marketplace.

“Companies have to be well financed and committed to driving the sales of their products and services in their chosen markets. 

”We currently have some companies that are leading the way in their respective fields. The emergence of companies such as C & F Green Energy and Kingspan in the area of micro-generation is especially noteworthy and in the areas of energy efficiency companies like Nualight, Kingspan and Selc are establishing very strong niches in global markets.”

GOING GREEN – CAPITALISING ON IRELAND’S CLEAN-TECH STRENGTHS€2.3bn: Green investment funds managed out of Ireland

24: Asset managers based in Dublin who manage more than 30 international green funds, such as water, wind and tidal-energy projects

2012: UN International Year of Sustainable Energy for All

€600,000: Amount earmarked for sustainable finance education courses

 

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