Cox’s company, Radiator Labs,  is a venture he started in his apartment two winters ago to solve the overheating and efficiency problems associated with steam heat. The low-cost radiator retrofit that he is developing with his team aims to carefully control the amount of heat that transfers into a room from a radiator while optimizing the efficiency of the building heat system, potentially saving up to 30% of the heating costs for steam-heated buildings while dramatically increasing the comfort of the apartments within.  The waste inherent in steam heating is evident to anyone who has ever seen buildings with open windows in the middle of the winter.

Marshall’s research estimates that steam heat wastes approximately $700 million dollars each winter in Manhattan alone.  “Adopting this cost-effective technology in the millions of existing U.S. housing units with steam radiator systems has the potential to save hundreds of millions of dollars in energy costs per year and reduce carbon emissions by over 6 million tons – equivalent to taking 1.25 million automobiles off the road,” said Marshall Cox of Radiator Labs. “Winning this competition enables us to help bring this technology to the marketplace so these benefits can be realized.”

“This is an exciting and innovative design that when commercialized will noticeably reduce the cost of heating apartments, offices and other types of buildings in New England and other cold weather regions,” said Tom May, President and CEO of Northeast Utilities, the parent company of NSTAR, a major sponsor of the competition. “This competition has shown once again that the road to clean energy is being paved by young entrepreneurs.”

The MIT Clean Energy Prize is a national competition founded in 2008 by MIT, the U.S. Department of Energy and NSTAR to accelerate the pace of clean energy entrepreneurship. The 2012 edition brought together teams from across the Northeast to compete for $20,000 in category first prizes, as wel as the $200,000 Grand Prize that comes with the chance to compete in the 1st annual National Clean Energy Business Plan Competition held at the White House in mid June.

Now in its fifth year, the MIT Clean Energy Prize has launched about thirty new companies that have raised almost $90 million in venture capital and government funding to develop clean energy products, technologies and services. Open to university students, the competition aims to promote the most commercially viable solutions to reduce fossil fuel dependence, lower carbon emissions and spur economic growth.

Please join me and all other InSITE fellows in congratulating Marshall Cox.

On the news:

http://www.reuters.com/article/2012/05/01/idUS164351+01-May-2012+BW20120501

http://nstar.com/ss3/nstar_news/press_releases/2012/mit-winner.asp

Post written by Lila Pla Alemany (Columbia Business School, 2013).

Through the Smart Cities global initiative and the Smart Camps program IBM is looking to bring together entrepreneurs, investors and experienced mentors to help build a Smarter Planet.

Does your company address problems the world is facing in energy, healthcare, telecommunications or any of the other areas of Smarter Planet? If that sounds like your company and it is less than 5 years old, privately held and has a solution to make our planet smarter, please apply!

Visit ibm.co/HObJrP for the most up-to-date information.

Apply to SmartCamp here: http://bit.ly/HNH4ZN

Start ups in the following key areas are encouraged to apply:

- Government and Agency Administration
- Urban Planning
- Environmental
- Energy and Water
- Transportation
- Education
- Social and Health
- Public Safety

- Opportunity to profile their company in front of the local industry and investment community
- Mentorship from world class investors and advisors
- Exposure to IBM Industry Executive Leadership and Business Development Leaders

The winners of SmartCamp Boston will take part in a three-month mentorship with IBM and will be invited to attend the SmartCamp Global Finals. “SmartCamp was an incredible experience which connected us with an A-list of investors, advisors and industry experts” says Albert Santalo, CEO of Miami based CareCloud, a disruptive cloud-based healthcare IT company. Since being announced as 2010 SmartCamp Silicon Valley winner, CareCloud raised over $20M in Series A funding. Just one example of SmartCamp winners, worldwide, who have received venture capital investment and are making impacts in the marketplace.

Alex is a Partner at NYC-based venture capital firm Millennium Technology Ventures and focuses on investments in software and internet companies and the intersection of financial services and technology, including market structure-related investments and capital markets technologies. He is a Director at Shopify, Director at OMGPOP and Director at SelectMinds.

At Millennium, Alex led the investment in HootSuite.  Previously, Alex was involved with a wide variety of innovative companies, including board service with Yodle (local advertising), Shopify (e-commerce), Wix (web content creation tools), SelectMinds (social networking), and Quadriserv (securities lending marketplace). Alex was also involved with Bessemer’s investments in Pure Networks (acquired by Cisco), Skype (acquired by Ebay), SiteAdvisor (acquired by McAfee), Goal.com (acquired by Perform Group), OMGPOP (acquired by Zynga), Activ Financial, TeamViewer, and Gerson Lehrman Group.

Prior to Millennium, Alex spent six years with Bessemer Venture Partners where he was a Partner in their New York office.

Earlier in his career Alex worked at Goldman Sachs in technology investment banking, where he was involved with merger advisory and corporate finance, primarily in the IT-services and software sectors. While earning his MBA, Alex also worked as a part-time associate at both RRE Ventures and Apax Partners. Alex started his career as a software engineer at Salomon Brothers and later worked as a derivatives trader on the New York Board of Trade.

Alex earned his Master of Business Administration from Columbia Business School, and a Bachelor of Science in electrical and computer engineering from the University of Pennsylvania. He co-authored the O’Reilly & Associates book, Programming .NET Web Services.

Post written by Lila Pla Alemany (CBS 2013)

]]> http://insiteny.org/media/2012/04/17/alex-ferrara-receives-insites-alumni-achievement-award/feed/ 0 http://insiteny.org/media/2012/04/17/new-insite-officers-elected/ http://insiteny.org/media/2012/04/17/new-insite-officers-elected/#comments Tue, 17 Apr 2012 20:38:32 +0000 InSITE http://insiteny.org/?p=1961 Tonight the InSITE fellows and board members gathered at P.J. Clark for our traditional end-of-year annual dinner and elections.

One of the sentences that we heard over and over again in the candidates’ speeches was ‘InSITE has been the best thing that’s happened to me in business school…’.

Many of us feel this way and  are very excited to make this organization even stronger in the months to come. Everyone will have the opportunity to take on leadership roles next year, even those who didn’t win a formal position. Fellows can start a new initiative, organize an event, write a white paper or a blog post, schedule informal meetings with investors, etc.

And this is what makes InSITE a great place. It’s up to us to shape it, nurture it and use it as a platform to pursue our passions and interests as future entrepreneurs, VC’s or whatever it is we may end up doing.

During the course of the evening, InSITE awarded this year’s Alumni Achievement Award to Board Member Alex Ferrara (CBS, InSITE ’04), a partner at Millennium Technology Ventures, and a Director at Shopify, Director at OMGPOP and Director at SelectMinds.

Here the list of the new Officers:

President: Adam Kalamchi

VP of Sourcing: Brian Bullen

VP of Partnerships: Marianna Zaslavsky

VP of Operations: Owen Kirchner

VP of Events: Austin Clements

VP of Recruiting for Columbi: Zack Lane

VP of Recruiting for NYU Stern: Kevin St. John

VP of Alumni: Ed Rayner

VP of Special Operations: Zachary Schwarzman

VP of Communications: Lila Pla Alemany

AVP of Science: Megan Meguill

We also elected two fellows to be our Young Alumni for the Board: Abe Geiger and Vicoria Cheung.

InSITE is very grateful to all the fellows who will be graduating this year, and to those who held leadership positions. A big thank you to Abe Geiger (President), Brian Malkerson (VP of Sourcing), Joe Rizk (VP of Special Operations), Ted Rosenwasser (VP of Partnerships), Vitoria Cheng (VP of Operations), Matt Puzio (VP of Events), Ellen Hukkelhoven (VP of Science Projects),Nistha Tripathi (VP of Communications), Alessandro Presti (VP of Alumni), Steve Mayne (VP of NYU Recruiting), Rebecca Allen (VP of Columbia Recruiting) and, of course, Paul Tumpowsky and InSITE’s board.

Long life to InSITE.

Post written by Lila Pla Alemany (CBS 2013)

]]> http://insiteny.org/media/2012/04/17/new-insite-officers-elected/feed/ 0 http://insiteny.org/media/2011/11/10/insite-news/ http://insiteny.org/media/2011/11/10/insite-news/#comments Thu, 10 Nov 2011 12:45:41 +0000 InSITE http://insiteny.org/?p=1687 There’s a lot going at InSITE these days. We have a new class of Fellows, the Sony and NextNY “Always Be Closing” event today (see next post), and we’re kick-starting a series of blog posts from each of our Fellows. Stay tuned!

Specifically, Sony Electronics is interested in connecting with New York media and technology startups focused on the areas presented below, and will select a handful of companies to come to Sony’s U.S. headquarters in New York to present their products to its business development team in front of a live audience, including select members of the VC community.

Areas of interest include:

MEDIA
• Recommendation/Personalization tools to navigate large content libraries
• Cross-device advertising
• CRM/Customer behavior analytics
• Video streaming/”one-to-many” upload broadcast technologies
• Socialization/Game-ification engines

TECHNOLOGY
• Cross-device data synchronization (cloud synch)
• Voice/facial recognition
• Text-input and on-screen UI navigation
• Consumer-oriented mobile and Home Health/Wellness/Fitness-related technologies
• Smart Home (A/V control, Home Security, Home Control, Home Energy, Home Health)

Applications are being accepted through October 31 at http://insiteny.org/SonyABC

The 2011 New York Venture Summit
- Where Innovation Meets Capital -

July 20th – 21st, 2011 | Digital Sandbox |New York City

Friends,

Whether you’re a startup seeking capital and exposure or an investor seeking new deals, The New York Venture Summit™ presented by youngStartup Ventures – is one event you won’t want to miss.

A highly productive venture conference, the New York Venture Summit is dedicated to showcasing early stage VCs, Corporate Investors and Angel Investors committed to funding early stage and emerging companies.

This exclusive summit will feature a distinguished line up of more than 40 VCs on interactive panels, presentations from more than 50 Top Innovators seeking funding and high-level networking opportunities.

Partial List of Venture Capitalists confirmed to Speak:

John Albright, Co-Managing Partner, BlackBerry Partners Fund | Managing Partner, JLA Ventures
Omar Amirana, MD, Partner, Oxford Bioscience Partners
Steve Brotman, Managing Partner, GSA Venture Partners
Don Butler, Managing Director, Thomvest Ventures
Bill Coleman, Partner, Alsop Louie Partners
Richard Dale, Principal, Sigma Partners
Dixon R. Doll, Co-founder and General Partner, DCM
Jon Edelson, M.D., Venture Partner, Ascent Biomedical Ventures
Scott English, Senior Vice President – Strategic Investments, Hearst Interactive Media
J. Skyler Fernandes, Associate, Centripetal Capital Partners
Tony Florence, Partner, NEA
Teo Forcht Dagi, Partner, HLM Venture Partners
Nikhil Garg, Vice President, Black Coral Capital
Matthew Garratt, Vice President, Battery Ventures
Jay N. Goldberg, Senior Managing Director, Hudson Ventures
Wally Hunter, Managing Director, EnerTech Capital
Jay Jamison, Venture Partner, BlueRun Ventures
Michael Katz, Partner, Greener Capital
Stephen Knight, M.D., Managing Partner, Fidelity BioSciences
David Lane, Partner, Onset Ventures
Albert A. Lauritano, MSc, CLP, Director / Business Development, BD Technologies
Charles R. Lax, Managing General Partner, GrandBanks Capital
Mary Lincoln Campbell, Managing Director, EDF Ventures
Mark MacLeod, Partner, Real Ventures
Douglas Lind, Managing Partner, GBP Capital
Brad McManus, Director, Panasonic Venture Group
Lucy McQuilken, Investment Manager, Intel Capital
Jeffrey B. Moore, DPhil, MBA, Vice President, MP Healthcare Venture Management
Diana Propper de Callejon, General Partner, Expansion Capital Partners
David Rubin, Director, Merck Global Health Innovation Group
Gary Rubinoff, Managing Director, Summerhill Venture Partners
Reese Schroeder, Managing Director, Motorola Solutions Venture Capital
Jim Sledzik, Partner & President, Energy Ventures US
David J. Sorin, Co-Managing Partner, SorinRoyerCooper LLC
Miles Spencer, Founder and Chairman, Vaux les Ventures
Alexander B. Suh, Founding Managing Director, California Technology Ventures
Jeanne M. Sullivan, Co-Chair and Founder, StarVest Partners
Eileen M. Tanghal, Investment Director, Applied Ventures
Ralph E. Taylor-Smith, General Partner, Battelle Ventures
Dr. Markus Thill, Managing Director, Robert Bosch Venture Capital
Wal van Lierop, President & CEO, Chrysalix Energy Venture Capital
Medha Vedaprakash, Principal, Rho Capital Partners
Daniel Wagner, Director, Investments, Connecticut Innovations
Tom Whiteaker, AVP, Hartford Ventures
Ryan Ziegler, Principal, Edison Ventures

InSITE has made special arrangement for startups and investors in our network to receive a special discount of 25% off the current registration rates.

To inquire about group rates, register by phone or for more information contact:
Rivka of youngStartup Ventures at 718-447-0009

This exclusive Venture Summit brings together over 400 Top-tier venture Capitalists, Private Investors, Corporate VCs, CEOs of early stage and emerging growth companies and strategic service firms; features more than 40 leading VCs on interactive panel discussions; presentations from more than 50 Top Innovators; and high-level networking opportunities.

A partial list of VCs confirmed to speak includes:
John Albright, Co-Managing Partner, BlackBerry Partners Fund | Managing Partner, JLA Ventures | Omar Amirana, MD, Partner, Oxford Bioscience Partners | Steve Brotman, Managing Partner, GSA Venture Partners | Don Butler, Managing Director, Thomvest Ventures | Bill Coleman, Partner, Alsop Louie Partners | Dixon R. Doll, Co-founder and General Partner, DCM | Scott English, Senior Vice President – Strategic Investments, Hearst Interactive Media | Wally Hunter, Managing Director, EnerTech Capital | David Lane, Partner, Onset Ventures | Charles R. Lax, Managing General Partner, GrandBanks Capital | Mary Lincoln Campbell, Managing Director, EDF Ventures | Douglas Lind, Managing Partner, GBP Capital | Lucy McQuilken, Investment Manager, Intel Capital | Jeffrey B. Moore, DPhil, MBA, Vice President, MP Healthcare Venture Management | Diana Propper de Callejon, General Partner, Expansion Capital Partners | Gary Rubinoff, Managing Director, Summerhill Venture Partners | Reese Schroeder, Managing Director, Motorola Solutions Venture Capital | Alexander B. Suh, Founding Managing Director, California Technology Ventures | Jeanne M. Sullivan, Co-Chair and Founder, StarVest Partners | Eileen M. Tanghal, Investment Director, Applied Ventures | Gaurav Tewari, Principal, Highland Capital Partners | Dr. Markus Thill, Managing Director, Robert Bosch Venture Capital | Ryan Ziegler, Principal, Edison Venture Fund.

President – Abe Geiger, CBS ’12
VP Partnerships – Ted Rosenwasser, CBS ’12
VP Sourcing – Brian Malkerson, Stern ’12
VP Operations – Victoria Cheng, CBS ’12
VP Events – Matt Puzio, CBS ’12
VP Alumni – Alessandro Presti, Col JD/MBA ’12
VP Communications – Nistha Tripathi, Stern ’12
VP Special Ops – Joe Rizk, CBS ’12
VP NYU Recruiting – Steve Mayne, Stern ’12
VP Columbia Recruiting – Rebecca Allen, CBS ’12

And the New 2011-12 Young Alumni Board Members

Shirley Xu, CBS ’11
Alex Shellhammer, Stern ’11

Thank you to our two outgoing 2010-11 Young Alumni Board Members Rich Powell and Jeff Hui.

Since Spring of 2001, InSITE’s companies have raised a total of more than $215 million of disclosed funding and have enjoyed at least 6 successful exits. With 96 companies completing our program to date, that’s an average of $2.2 million raised per company – an impressive number, particularly considering the majority of start-ups do not receive funding.

The biggest raise by far was by RecycleBank, totaling $71.1 million dollars over 3 rounds. Even without RecycleBank’s funding success, each InSITE company raised $1.5M on average. That’s a tremendous amount of Angel/VC funding for startups based in the New York City area.

Filling out the top five raises are Silicon Alley Telecom (which became Eureka Broadband and is now part of Broadview Networks) ($44 million), Hycrete ($25 million), Vindigo ($22 million), and ON Networks ($16 million). Our most recent large success has been Organic Motion ($8.28 million), a 2006 and 2009 InSITE Company.

Top Angel/VC investors have been involved in these ventures, including RRE Ventures, Kleiner Perkins Caufield, Rose Tech Ventures, NGEN Partners, First Round Capital, Accel Partners, Kodiak Ventures, PKS Capital, SJF Ventures, Robin Hood Ventures, Foundry Group, Betaworks, and New York Angels.

To date, have been at least 6 successful exits including Klipmart, which is now Doubleclick’s Rich Media Ad serving tool, Motif. Others include:

Design2Launch, acquired by Kodak
EATS Media, acquired by Delivery.com
ASPEED Software, acquired by Simtone
PreClick, acquired by Smilebox
Mycrocept, acquired by Healthpoint

More information on InSITE’s companies is available here.

These numbers do not take into account undisclosed funding amounts. We know of at least 6 companies that have received seed funding, but the sizes were not publicly disclosed, including HopStop, MediaMerx, Frogtek and Catchafire.

Although InSITE doesn’t take full credit for the success of these companies, no one can dispute that the company selection teams each semester have successfully picked the best and brightest entrepreneurs in NYC.

InSITE teams work hard each semester with these companies to refine their pitches and presentations and put them in front of our Venture Capital Advisory Program Sponsors (VCAPS). InSITE congratulates 10 years of InSITE companies on terrific success in raising funding and building successful enterprises!

– Shirley Xu, 2009-2010 Special VP for Alumni Companies