University of Texas at Austin Listed as a Top Universities for Cleantech Startups

The University of Texas at Austin was named number three on a list of the top universities for spawning cleantech startups. In the recent article Shawn Lesser of Sustainable World Capital states, "Venture capital firms now have to keep tabs on chemical and engineering labs at some of the best U.S. universities as potential sources of new companies...[the rankings] identify whether there exists—and to what degree—a pipeline of collaboration of businesses, universities, state initiatives, investors and research dollars. The mix has to be just right to accomplish the end goal of a commercially viable product."

"The University of Texas at Austin is a historical leader in energy innovation, R&D and teaching. With abundant oil and gas on its own lands, and deep connections to the energy industry, UT has directly profited from its energy leadership and its graduates have populated the highest executive ranks of the world’s energy companies (CEO of ExxonMobil, CEO of ConocoPhillips, President of Shell are just a few examples). The good news is that UT is using its leadership of the conventional energy industry as a launching pad for continued leadership in the cleantech revolution. Those same oil and gas companies are investing aggressively into cleantech and they turn to UT for the expertise and people to make those innovations work. The inventor of the lithium-ion battery, John Goodenough, is a professor of mechanical engineering at UT. The university also is a leader in algae based biofuels. UT is a part of a multimillion dollar DARPA-sponsored project to produce jet fuels from algae. UT Austin was also awarded $35 million in research on carbon sequestration by the Department of Energy. Notable cleantech spinouts include: ActaCell, Advanced Hydro, Graphene Energy, Organic Fuels, and Inspired Solar."

See the complete article at Cleantech Group.