Management and Leadership

Clean Energy Ventures: Creating Innovative New Businesses Through Entrepreneurial Management

Dates:

Certificate Track: Management and Leadership

Participant Ratings

Overall:

| 4.8

Application:

| 4.8

Content:

| 4.8

Experience:

| 4.8

"The Clean Energy Ventures class is superb. The diversity of the students from various backgrounds and countries crystallized the global nature of the energy challenges and opportunities facing us today. The caliber of the students and the world-renowned speakers was unparalleled--bringing together entrepreneurs with leading edge technologies, academics, and policy makers. I highly recommend this class to anyone with an interest and passion for learning about the global energy landscape and opportunities."
                                                        Steve Isakowitz, Former Chief Financial Officer, US Department of Energy

Clean energy is the challenge as well as the opportunity of our generation. This new program is designed to enable senior executives from corporations, as well as government agency and major program leaders, to more effectively encourage, lead, and manage the entire venture creation process for clean energy—be they stand alone new ventures or pioneering undertakings inside of larger organizations. The process includes identifying opportunities, generating new ideas, designing a holistic solution, and building a viable, significant, and sustainable new energy-oriented business.

Join the MySloanExecEd Community Group for this program to network with past, present, and future participants.

 

The concepts, tools, and frameworks covered in the program will enable participants to:

  • Identify, evaluate, and support new innovation opportunities and successful clean energy venture creation strategies
  • Understand current best practices for new venture creation in this area and also which practices are not working
  • Design a clean energy innovation ecosystem to best support ongoing clean energy venture creation
  • Understand the advantages and disadvantages and create strategies to maximize synergies and minimize conflicts when such an ecosystem is within a larger organization
  • Leverage new technology and other innovative breakthroughs to have the most timely and significant impact
  • Enhance and expand networks with like-minded innovators in clean energy

The program is designed for senior-level executives in energy and energy-related companies as well as government leaders who are responsible for driving innovation in clean energy. Program participants must have key decision-making responsibility and should be or report to a C-level executive.

Titles of potential participants include:

  • CEO
  • Entrepreneur
  • Senior VP of Business Development
  • Senior VP of Corporate Venturing
  • Chief Innovation Officer
  • CTO
  • Government Agency or Major Program Leader
  • Regional Economic Development Officer

Participants in Clean Energy Ventures attend the MIT Clean Energy Prize Showcase.

  • Fiona Murray

    Associate Professor of Technological Innovation, Entrepreneurship, and Strategic Management Faculty Director, MIT Entrepreneurship Center

    Fiona Murray received BA and MA degrees in Chemistry from the University of Oxford before coming to the United States where she received her doctoral degree from Harvard University's School of Engineering and Applied Sciences. Her research interests include the study of science commercialization, the organization of scientific research, and the role of science in national competitiveness. After a short time on the faculty of Oxford's Said Business School, Fiona joined the MIT Sloan School of Management where she studies and teaches innovation and entrepreneurship, including the campus-wide iTeams course in which students develop "go-to-market" strategies for breakthrough innovations developed in MIT labs. Murray works with a range of firms designing global organizations that are both commercially successful and at the forefront of science. These firms seek to leverage the ideas of a wide range of internal scientists and external innovators through traditional research contracts as well as "Open Innovation" mechanisms. Her recent engagements have focused on relationships that span the public and private sectors. She is particularly interested in new, emerging organizational arrangements for effective commercialization of science such as public-private partnerships, not-for profits, venture philanthropy, and university-initiated seed funding. Murray is well-known for her academic work on how growing economic incentives - for example, intellectual property (IP) - influence the rate and direction of scientific progress, particularly in the areas of genomics, stem cells, and mouse genetics. She is actively involved in U.S. and European policy debates over the appropriate use of IP and licensing in universities and, more recently, debates on how and when to use patents to promote discovery research in neglected diseases. Her research has been widely published in a diverse range of scientific and social science journals including Science, New England Journal of Medicine, Nature Biotechnology, Research Policy, Organization Science and the Journal of Economic Behavior & Organization.

  • William Aulet

    Senior Lecturer Managing Director, The Martin (1958) Trust Center for MIT Entrepreneurship

    Bill Aulet is a highly accomplished business leader with a 25 year track record of success. He has raised over $100 million in funding for his companies and directly created hundreds of millions of dollars of market value. He started his systems career with 11 years at IBM being trained in technical, sales, marketing, finance and general management positions. In 1993, Bill was nominated and accepted into the MIT Sloan Fellows Program. Upon graduation from the Sloan Fellows Program in 1994, Bill became a serial entrepreneur. He led two MIT spinouts as the President/CEO of Cambridge Decision Dynamics and then SensAble Technologies. The latter was recognized twice by Inc. Magazine's 500 Fastest Growing Private Company. SensAble also won over two dozen awards and was featured in Fortune Magazine, BusinessWeek, the Wall Street Journal and many other publications for its innovative products and strong business foundation. In August 2009, Bill was appointed Acting Managing Director of the The Martin (1958) Trust Center for MIT Entrepreneurship after serving as Entrepreneur in Residence at the Center for four years. He was appointed Managing Director in March 2010. In addition to his responsibilities as Managing Director, he is a Senior Lecturer at the Sloan School teaching four classes. Bill is also an advisor to the U.S. Department of Energy, the Kauffman Foundation and several investment funds in the area of Clean Energy Entrepreneurship and Innovation for which MIT was recognized with an award from the Global Consortium of Entrepreneurship Centers. Bill also serves on the board of a number of startup companies.

  • Edward Steinfeld

    Associate Professor

    Edward Steinfeld, a China specialist, focuses his teaching and research on institutional reform and industrial upgrading in emerging economies. His most recent book , Playing Our Game: Why China’s Rise Doesn’t Threaten the West (Oxford, 2010), examines the political and economic ramifications of China’s integration into global industrial production. The book argues that China’s participation in globalized production has induced political change within China at the same time it has accelerated industrial innovation within the United States. Steinfeld’s current research focuses on the development of the Chinese energy sector, as well as global efforts to develop new energy-related technologies.

  • Richard Schmalensee

    Howard W. Johnson Professor of Management Professor of Applied Economics Dean Emeritus

    Richard Schmalensee is the Howard W. Johnson Professor of Economics and Management at the Massachusetts Institute of Technology (MIT) and Director of the MIT Center for Energy and Environmental Policy Research. He served as the John C Head III Dean of the MIT Sloan School of Management from 1998 through 2007. He was as a Member of the President's Council of Economic Advisers from 1989 through 1991. Professor Schmalensee is a Fellow of the Econometric Society and the American Academy of Arts and Sciences, a Research Associate of the National Bureau of Economic Research, and a member of the International Academy of Management and the National Commission on Energy Policy. He has served on the Executive Committee of the American Economic Association. He is a Director of the International Securities Exchange and the International Data Group and has served as a consultant to both corporations and government agencies.

  • Ernest Moniz

    Cecil and Ida Green Professor of Physics and Engineering Systems Director, Laboratory for Energy and Environment Director, MIT Energy Initiative
    Energy Research

    Ernest J. Moniz is the Cecil and Ida Green Professor of Physics and Engineering Systems, Director of the Energy Initiative, and Director of the Laboratory for Energy and the Environment at the Massachusetts Institute of Technology, where he has served on the faculty since 1973. He served as Head of the Department of Physics and as Director of the Bates Linear Accelerator Center. His research focus is energy technology and policy, including a leadership role in MIT interdisciplinary technology and policy studies on the future of nuclear power, coal, nuclear fuel cycles, natural gas, and solar energy in a low-carbon world. Dr. Moniz served as Under Secretary of the Department of Energy from 1997 until January 2001 and, from 1995 to 1997, as Associate Director for Science in the Office of Science and Technology Policy in the Executive Office of the President. At DOE, he had oversight of the science and energy programs, led a comprehensive review of nuclear weapons stockpile stewardship, and served as the Secretary’s special negotiator for Russian nuclear materials disposition programs. Dr. Moniz received a Bachelor of Science degree summa cum laude in physics from Boston College, a doctorate in theoretical physics from Stanford University, and honorary doctorates from the University of Athens, the University of Erlangen-Nurenberg, and Michigan State University. He is a member of the Council on Foreign Relations and received the 1998 Seymour Cray HPCC Industry Recognition Award for vision and leadership in advancing scientific simulation.

  • Daniel Nocera

    The Henry Dreyfus Professor of Energy and Professor of Chemistry

    Daniel G. Nocera is the Henry Dreyfus Professor of Energy at the Massachusetts Institute of Technology, Director of the Solar Revolutions Project and Director of the Eni Solar Frontiers Center at MIT. His group pioneered studies of the basic mechanisms of energy conversion in biology and chemistry with primary focus in recent years on the generation of solar fuels. Solar fuel reactions require the coupling of multielectron processes to protons, which are energetically uphill, thus requiring a light input. Nocera has pioneered each of these areas of science. Most examples of multielectron photoreactions have originated from his research group in the past decade. This work has relied on the generalization of the concept of two-electron mixed-valency in chemistry. He created the field of proton-coupled electron transfer (PCET) at a mechanistic level with the publication of the first ultrafast laser study of an electron transfer through a hydrogen bonded interface. With the frameworks of multielectron chemistry and PCET in place, he has recently accomplished a solar fuels process that captures many of the elements of photosynthesis outside of the leaf. This discovery of artificial photosynthesis sets the stage for a storage mechanism for the large scale, distributed, deployment of solar energy. He has been awarded the Eni Prize (2005), IAPS Award (2006), Burghausen Prize (2007), Harrison Howe Award (2008), Science Top 10 (2008), Discover 100 (2008), ACS Inorganic Chemistry Award (2009), the United Nations Science and Technology Award (2009), the Elizabeth Wood Award (2010), MJ Collins Award (2010), Roseman Award (2010), for his contributions to the development of renewable energy. He is a member of the American Academy of Arts and Sciences and the U.S. National Academy of Sciences. He was named as one of Time Magazine's 100 Most Influential People in the World. Nocera has been an organizer to and primary author of four DOE Basic Research Need workshops: Hydrogen, Solar Energy, Energy Storage and Catalysis and he was a primary author of the Grand Challenges report (Directing Matter and Energy: Five Challenges for Science and the Imagination) to the DOE. He was also an author of the report to chart a course for energy research at MIT and he is a lead author on the MIT Study on the Future of Solar Energy. He began the first Gordon Research Conference (GRC) on Renewable Energy, which was held in January 2007. He has designed permanent exhibits on energy for the MIT Museum, the Boston Museum of Science and Oregon Museum of Science and Industry. Nocera is a frequent guest on TV (CNN, ABC Nightline, PBS, ABC Nature’s Edge, Jim Lehrer News Hour, This New House, NOVA, CBS, CNBC, Discovery Channel, The Science Channel, Brink and Plum in the U.S. and Explora and RAI in Europe), radio (NPR, Bloomberg News, CBS, CBC, BBC, All Things Considered, Here and Now, Climate Connections, Voice of America) and is regularly featured in print (New York Times, National Geographic, Forbes, Discover, Wall Street Journal, Time Magazine, The Statesman, The New Republic, U.S. News and World Report, ON, Outside Magazine, Wired, Technology Review, National Review). His 2006 PBS show was nominated for an Emmy Award. He worked with Robert Krulwich of ABC News to develop the pilot that was used to launch the PBS NOVA show, ScienceNow, which is now a regularly scheduled science program on PBS. He also worked with Mr. Krulwich and the web designer OddTodd to develop a five part series on The Lifestyle of Carbon. He opened the Mountain Film Festival 2007 in Telluride CO, the Aspen Forum in Aspen CO in 2008 and 2009, and the World Science Festival in NYC in 2008. He sits on several advisory boards and is currently working with several artists in the U.S and abroad, actors and producers in Los Angeles and major business leaders in the U.S. to help them develop a position that contributes positively to the energy and sustainability challenge confronting this planet. In 2008, he founded Sun Catalytix, a company committed to bringing personalized energy to the non-legacy world.

  • Donald Sadoway

    John F. Elliott Professor of Materials Chemistry

    Professor Sadoway's research seeks to establish the scientific underpinnings for technologies that make efficient use of energy and natural resources in an environmentally sound manner. This spans engineering applications and the supportive fundamental science. The overarching theme of his work is electrochemistry in nonaqueous media. Specific topics in applied research are the following: environmentally sound electrochemical extraction and recycling of metals, lithium solid-polymer-electrolyte batteries, advanced materials for use as electrodes, separators, and walls in fused-salt electrolysis cells and batteries, electrochemical sensors, electrochemical synthesis of thin films of compound semiconductors in fused-salt and cryogenic media, and electrochemically controlled superconducting devices.

  • Christopher Knittel

    William Barton Rogers Professor of Energy Economics, Sloan School of Management, Massachusetts Institute of Technology

    Christopher Knittel is the William Barton Rogers Professor of Energy and a Professor of Applied Economics at the MIT Sloan School of Management. Prior to MIT Sloan, Knittel taught at the University of California, Davis, and at Boston University. His research focuses on industrial organization, environmental economics, and applied econometrics. Knittel is an associate editor of The American Economic Journal—Economic Policy, The Journal of Industrial Economics, and the Journal of Energy Markets. His research has appeared in The American Economic Review, The Review of Economics and Statistics, The Journal of Industrial Economics, The Energy Journal, and other academic journals. He also is a Research Associate at the National Bureau of Economic Research in the Productivity, Industrial Organization, and Energy and Environmental Economics groups. Knittel holds a BA in economics and political science from California State University, Stanislaus; an MA in economics from the University of California, Davis; and a PhD in economics from the University of California, Berkeley.

DAY One SAMPLE
04:00 PM - 07:00 PMWelcome Talk, Outline for the Week, What to Expect
DAY Two SAMPLE
08:00 AM - 08:15 AMWelcome to MIT and the MIT Sloan School of Management
08:15 AM - 09:00 AMEnergy Innovation & Entrepreneurship: A Challenge & An Imperative
09:00 AM - 10:00 AMEnergy Arithmetic: Making Sense of the Numbers
10:15 AM - 11:45 AMStrategic Opportunities in Energy
01:00 PM - 02:15 PMVisit MIT Clean Energy Prize Showcase (VIP tour)
02:15 PM - 03:00 PMEvaluating Clean Energy Business Opportunities 101
03:00 PM - 04:00 PMDiscussion and Evaluation of Some of the Entries
04:00 PM - 04:30 PMRevisit Showcase
04:45 PM - 06:30 PMKeynote Presentation MIT Clean Energy Prize Showcase
07:00 PM - 09:00 PMVIP Reception (Top of the Hub)
DAY Three SAMPLE
08:00 AM - 08:15 AMWhat Did We Learn Yesterday?
08:15 AM - 09:45 AMEnernoc Case Study
10:00 AM - 12:00 PMUnderstanding the Electricity Value Chain
01:30 PM - 03:00 PMOil and Gas Technology: Delivering Energy at Scale
03:15 PM - 04:45 PMUnderstanding Transportation From the Perspective of Energy Usage
05:00 PM - 06:15 PMEnergy Storage: The Coming Savior or Waiting For Godot?
DAY Four SAMPLE
08:00 AM - 08:15 AMWhat Did We Learn Yesterday?
08:15 AM - 09:45 AMMIT Solar Revolution Project
10:00 AM - 11:30 AMFinancing Energy Ventures
01:00 PM - 02:30 PMA123 Case Study
02:45 PM - 03:45 PMStrategic Opportunities in Energy Efficiency
03:45 PM - 04:30 PMNatural Gas: Game Changer or A Bridge to Nowhere?
04:45 PM - 06:15 PMCorporate Venture Capitalist Panel: The Role Big Companies Can Play
DAY Five SAMPLE
08:00 AM - 08:15 AMWhat Did We Learn Yesterday?
08:15 AM - 09:45 AMQ&A Panel
10:00 AM - 11:30 AMEnergy in China: The New Center of Gravity
11:30 AM - 12:30 PMClean Energy Business Plan Presentations and Q&A
12:30 PM - 02:00 PMTeams Discuss and Evaluate Plans
02:00 PM - 03:00 PMTeams Present Results
03:00 PM - 04:00 PMCritiquing of Evaluation of Business Plans and Potential For Success (Panel of Experts)
04:00 PM - 04:45 PMWhat Did We Learn This Week and Wrap Up
Videos:

  • Title: Jose Pacheco on Clean Energy Ventures

    Description: Jose Pacheco discusses the Clean Energy Ventures program at MIT Sloan Executive Education and it's origins in MIT research.

  • Title: Professor Bill Aulet on Clean Energy Ventures

    Description: Bill Aulet introduces Clean Energy Ventures and discusses it's origins at MIT.

  • Title: The next generation of innovators in clean energy

    Description: Bill Aulet on the next generation of innovators in clean energy

  • Title: Energy Innovation at MIT

    Description: MITs entrepreneurial spirit is well recognized around the world, and MIT innovations in energy technology, business, and policy are transforming the energy landscape. From renewables to nuclear energy, from coal and carbon sequestration to energy policy, MIT students, faculty, researchers, and alumni are bringing knowledge to bear on the worlds greatest problems.

Links:

    I found the program to be transformative for myself and my future as an entrepreneur and inventor. The discussions and real world case studies allowed a small business person or corporate world mogul the chance for more hands on. The sessions addressed the major points of pain and pleasure that businesses and leaders need to address in the energy sector to achieve solutions and success. I left the program only 5 days ago and am already implementing lessons I learned ,to accelerate a patent I have to the marketplace. Five Star!



    The professors and lecturers were perhaps the best part of this program -- top-notch in their fields, and engaging speakers.



    This Course is great !



    The Clean Energy Ventures Program is simply the best Exec Ed program I have attended. In the span of just under a week, I gained more knowledge and insight into the clean energy sector than I thought possible. My classmates represented an incredible cross section of clean energy executives from across the globe, providing me with great networking opportunities. Bill Aulet was masterful in guiding us through a series of relevant and timely lectures, exercises, and events. Having access to the world's top thought leaders (MIT Faculty) provided me with invaluable yet accessible content. Even months after the class, I find myself frequently reviewing class notes and presentations. We also met with industry entrepreneurs, venture capitalists, and policy leaders to gain a deep and comprehensive view of the industry's promise and challenges. Tipping my hand to MIT's quantitative roots, I'd express it this way: Highest quality content + great instruction + valuable international networking = high ROI for clean energy execs.