Harbor Energy capital Approach
- identify promising technologies eligible for public funding
- assist these technology companies in acquiring private capital
- identify relevant grants, loan guarantees, and tax credits
- provide guidance throughout the federal funding opportunity application process
- utilize green search to analyze and track pertinent legislation
HEC’s primary approach will be to first identify companies capable of generating technologies that are most likely to qualify for particular government funding opportunities (these funding opportunities will have already been identified and analyzed by HEC). Next, HEC’s affiliate partner, Ayuda Funding, will offer to provide capital in the form of low interest loans to these companies utilizing common stock as collateral. A portion of the new funding will be dedicated to apply for federal funding by retaining the services of HEC. HEC’s experienced team will assist in acquiring public funding to enhance and expedite the technology’s ability to reach the market.
Monitoring government funding availability and policy
Utilizing a wide breadth of resources, HEC has the ability to identify and track open and pending solicitations from various government agencies seeking to fund research and development of renewable energy and other related projects. In addition, HEC has enlisted a strong team of grant writers to assist in the application process on behalf of its clients. These grant writers will lend assistance in every facet of the application process, from initial identification of funding opportunities to the ultimate submission and tracking of each application.
executive team and advisory board
The core management of HEC will consist of experts in the energy sector Founders Ted and John Venners have decades of experience developing energy related companies from the ground up. They have been through the tech "valley of Death" and appreciate the importance of a top level, hands on, Advisory Board that can assist the company in identifying and vetting promising companies/technologies.
Lori Laudien, a former vice president at goldman sachs, has agreed to chair the advisory board, which will consist of former government officials, energy experts and financial advisers.
Market size and opportunity
Historically, the established energy industry has largely viewed policy driven decisions as a negative and normally reacts to it in a defensive mode as a necessary evil. The tides have turned, however, as the Obama administration and the current Congress have made it a priority to implement a shift in the way energy is imported, created, and used in the United States.
The concept of a new energy economy, however, is far easier to imagine than it is to actually implement on a national scale. In order to address this concern, the federal government has passed, and will continue to pass, legislation aimed at jump starting America’s energy future. Despite the opportunities afforded to promising technologies, there are numerous challenges associated with such an approach.
To begin, in the current economic climate, many American energy companies hoping to revolutionize the ways we power our cars and homes are floundering, as venture capital markets have dried up and it has become increasingly difficult to acquire new funding, even as a public company. This fact, compounded by the complexity and intimidation many companies face in our nation’s Capitol while attempting to receive public funding for their projects, have left many energy startups with limited options.
It is therefore the goal of HEC to provide a bridge between public and private funding opportunities for promising energy companies in need of capital. The Carlyle Group in Washington is a classic example of such an approach. They formed their partnership at a time our nation was in an arms race, invested in companies in the defense sector, and bolstered them with government contracts and favorable policy decisions before selling them off for significant profits. There is no question that companies familiar with the Beltway culture are well positioned to benefit from the government’s increased role in the energy sector.
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