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| Icos Capital announces first closing of a cleantech fund Icos Capital, the specialist cleantech investor in the Netherlands, and a consortium of listed Dutch industrial corporations - Royal BAM Group, CSM and Imtech - and Delft University of Technology (DUT) have established a new investment fund to invest in innovative cleantech start-ups. The Icos Cleantech Early Stage Fund II (ICF II) is primarily on unique and proprietary technologies that address scarcity of resources and climate change issues. The Icos Cleantech Early Stage Fund II (ICF II) will invest up to EUR 2.5 million per opportunity in 10 high growth start-ups in the area of energy, food, water, recycling and construction. The Fund is managed by Icos Capital Management B.V., an independent Dutch cleantech investor led by partners Nityen Lal, Peter van Gelderen and Fred van Efferink. Together they combine years of industry experience with proven cleantech investment track record. This experience is substantiated with involvement of leading CEOs Daan den Ouden, Ger Spruijtenburg and John Gardner as Industry Partners who have decades of experience in building major European corporations. The Fund is the successor of Icos Cleantech Fund I ('ICF I') invested in strategic partnership with CSM and Imtech, both prominent players in the cleantech arena. ICF I, with annual deal flow exceeding 300, has invested in several high profile technology start-ups including Dutch Rainmaker and Biaqua with water technology propositions and I-res, Ensartech and Resteel with material, energy recovery technology propositions. Both funds - ICF I and ICF II - are also ranked #1 for Technopartner loan of 2006 and 2010 in a competitive tender setup by the Dutch Ministry of Economic Affairs and adjudicated by panel of top entrepreneurs and experienced fund managers. write your comments about the article :: © 2010 Construction News :: home page |