CleanVenture’s History

OOver the past two years, the founders of CleanVenture have observed individuals, families and communities in many cities benefiting from the jobs, training programs, new revenues, and business clusters created by nearly a thousand non-profit business incubators across the United States. In 2006, these business incubators were credited with producing thousands of technology innovations, tens of thousands of businesses, a hundred thousand jobs, and billions of dollars of revenue. Communities including Austin, Houston, and San Jose were creating local jobs, revitalizing communities, relieving human hardship by training community members to be self-sufficient and independent, and establishing new business clusters. The founders also saw that cleantech was projected to be a multi-trillion dollar industry within twenty years, and that the cleantech industry would be anchored in the cities best able to attract, nurture, house and retain cleantech startups today. Could the North San Diego region afford to allow these crucial high paying jobs to go elsewhere?

In mid 2008, the CleanVenture founders set out to catalyze nascent high-impact businesses developing energy conservation, renewables, energy efficiency, alternatives, and other clean technologies in the San Diego region.

Starting with the first business incubator established in New York in 1959, business incubators have delivered quantifiable economic benefits to local communities.   Today, the National Business Incubation Association (NBIA) reports that business incubators create measurable economic stimuli including: high paying jobs, increased business tax revenues, industrial diversification, commercialization pathways for universities, and opportunities for capital investment.
The National Business Incubation Association (NBIA) estimates that in 2006 alone, North American incubators assisted more than 27,000 start-up companies that provided full-time employment for more than 100,000 workers and generated annual revenue of more than $17 billion. NBIA member statistics show that:

• 87 percent of all firms that have graduated from an incubator are still in business today,
• 84 percent of incubator graduates stayed in their communities,
• Every 50 jobs created by an incubator participant generates approximately 25 additional jobs in the community,
• Business incubators create jobs at a cost of approximately $1,100 each, whereas other public supported job creation mechanisms cost more than $20,000 per job created.

In the fall of 2008, CleanVenture incorporated and elected a Board of Directors. CleanVenture received its 501(c)(3) tax-exempt determination in April 2009.

Meet the CleanVenture Board of Directors

 

testimonial

"Researchers found that business incubators are the most effective means of creating jobs – more effective than roads and bridges, industrial parks, commercial buildings, and sewer and water projects."

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