- Unreasonable Impact supports
entrepreneurs who are collectively generating thousands of jobs on
the frontier of the green economy
This November, 13 ventures poised to generate thousands of
future jobs in the emerging green economy will learn how to scale
their companies at the inaugural Unreasonable Impact US program.
Unreasonable Impact is a global partnership between Barclays and
Unreasonable Group focused on scaling ventures that have the
potential to employ thousands of people in industries that solve
major environmental and societal problems.
Ranging from Thread, a textile company that transforms trash
into fabric, to re:3d, a venture pioneering affordable 3D printing
using waste materials, the selected companies have committed to
creating 500 jobs or more in the green economy within the next five
years.
During the two-week intensive program, the entrepreneurs will
receive mentorship and advice from business experts and serial
entrepreneurs, such as Hunter Lovins, president of Natural Capital
Solutions and Time Magazine Hero of the Planet, Tom Chi, co-founder
of Google Glass and Google’s self-driving car, and Steven
Berkenfeld, managing director at Barclays, among many others.
The program will take place 70 miles outside of New York City at
Cedar Lakes Estate and include two exhibition events in New York
City, where entrepreneurs will showcase their innovations. Keynote
speakers at these events include George Kembel, founder of the
Stanford d.school, Tim Luke, Vice-president of Technology, Media
and Telecomms at Barclays, and Joe McGrath, CEO of Barclays
Americas.
“Scale-ups are fundamental in driving economic growth,” explains
Joe McGrath, CEO of Barclays Americas. “It’s an honor to partner
with Unreasonable to create an accelerator program in the US to
help alleviate unemployment and grow the green economy. By
supporting ventures that have scalable solutions to some of the
world’s greatest challenges with our resources and mentorship, we
will not only help to address significant societal and
environmental issues, but we will also be facilitating in creating
the jobs of tomorrow.”
Daniel Epstein, founder and CEO of Unreasonable Group explains,
“Within the next four years, it is estimated that we will need 212
million new jobs to accommodate current unemployment and projected
job loss due to new industries. By partnering with Barclays to
support entrepreneurs who have developed scalable solutions to the
world’s greatest challenges, we will not only scale up technologies
that address significant societal and environmental issues, but we
will in turn be accelerating the creation of millions of new
jobs.”
For more information, visit
http://www.unreasonableimpact.com.
The participating US companies include:
Off Grid Electric: Off Grid Electric provides distributed solar
power for the off-grid world, resulting in dependable energy
services to over 50,000 people per month.
Semtive: Semtive offers distributed energy generation systems
through renewable solutions such as low-cost durable wind turbines
and solar energy streetlights.
Bitty Foods: Bitty Foods produces nutritious snacks made from
the most water-efficient, sustainable protein on the planet:
crickets.
BreezoMeter: BreezoMeter uses advanced algorithms and big data
infrastructure to democratize air quality data for the masses.
Ciris Energy: Ciris Energy responsibly converts low-cost
carbon-based resources into natural chemicals.
Altaeros Energies: Altaeros Energies delivers infrastructure
including power generation, telecommunications, and technology
enabled agricultural services to rural and isolated communities
with tethered airborne platforms.
General Fusion: General Fusion develops fusion technology that
could provide unlimited, economically viable, carbon-free clean
energy to the entire world.
LanzaTech: LanzaTech gives off-grid communities access to clean,
cost-competitive, and reliable energy through economical carbon
capture and reuse.
re3d.org: re:3D pioneers affordable 3D printing using waste
materials with Gigabot, which rivals other industrial printers at
one-tenth the cost.
Accio Energy: Accio Energy is the world’s first commercially
viable electrohydrodynamic (EHD) wind energy system, using
turbine-free technology to generate high-voltage direct current
electricity.
Thread: Thread transforms trash from the poorest communities
into the most responsible fabric on the planet.
d.light: d.light delivers affordable solar-powered solutions for
the two billion people without access to energy.
View: View is an adaptable, intelligent window that uses
technology to reduce electricity consumption by an average of 20
percent.
Highlighted Mentors and Specialists
Hunter Lovins - Hunter is President of Natural Capitalism
Solutions (NCS), and she has received the Right Livelihood Award,
Lindbergh Award and Leadership in Business, and she was named TIME
Magazine 2000 Hero of the Planet and “Green Business Icon” by
Newsweek. Author of 13 books and hundreds of papers, she has served
on the boards of governments, nonprofit organizations, and
for-profit companies.
Jigar Shah - Jigar is a serial entrepreneur and author of
"Creating Climate Wealth: Unlocking the Impact Economy." Shah
helped to unlock the multi-billion dollar worldwide solar industry
with a business model innovation (Power Purchase Agreement). This
model created SunEdison, the largest solar services company
worldwide. Today, he's the president and co-founder
of Generate Capital.
Will Bowmer - Will is a Managing Director at Barclays Capital
and leads the firm's investment banking team responsible for
managing relationships with the venture capital community. Prior to
his current role, Will spent 11 years in Menlo Park as head of the
firm's Technology Equity Capital Markets Group. In that capacity,
he led over 200 equity offerings, raising approximately $100
billion.
Jeff Hoffman - Jeff is a serial entrepreneur and founder of
Priceline.com, uBid.com, CTI, and others. Recently, Jeff was
honored with a Lifetime Achievement Award and inducted into the
Entrepreneur’s Hall of Fame by the CEO Council. Currently, Jeff is
a co-founder and partner at ColorJar, the Idea Accelerator
that helps entrepreneurs to launch and grow their businesses.
Steven Berkenfeld - Steven is a Managing Director in the
Investment Banking Division of Barclays. His current roles include
chairing the Equities Commitment Committee and the Fairness Opinion
Committee, co-heading the Firm’s Cleantech Initiative, leading the
banking effort for Emerging Industrial Technology companies, and
serving as a senior advisor to the Industrial Group and the M&A
Group. He also is chair of the Investment Bank’s Reputational Risk
Committee.
Pascal Finette - Pascal has spent the last two decades in the IT
and Internet industries. Today, he is the Managing Director of
Startup Lab @ Singularity University, where he grows startups
tackling the world’s most intractable problems leveraging
exponential technologies. He also founded the non-profit
organizations Mentor for Good, POWERUP, The Coaching
Fellowship, publishes The Heretic newsletter, and leads
the charge of the GyShiDo movement.
Tom Chi - Tom is one of the founders of Google Glass, Google X
and Google’s self-driving car. He has worked in a wide range of
disciplines from astrophysical research to F500 consulting to
developing new hardware and software (web & client) products
and services.
Additional Program Details
The daily structure of a two-week Unreasonable Impact program is
designed to help each of the participating entrepreneurs achieve
breakthrough realizations faster. This is achieved by uniting
attending CEOs with a targeted group of serial entrepreneurs,
funders, and global experts in a close community bound by a remote
sense of place, and dedicating to support entrepreneurs in
overcoming any obstacles to scale. Given the selected ventures are
at a high-growth rather than early-stage in their companies’
development, their needs are often precise and specific to their
team and business model. Unreasonable identifies their specific
needs beforehand and connects them with world-class mentors,
leaders, funders, and specialists who have been specifically
brought into the program based on the aspirations of the
participating entrepreneurs.
Each day is composed of one-on-ones, issue-based deep-dives,
feedback sessions, occasional workshops on design thinking and
rapid prototyping, intimate fireside chats with mentors, and family
dinners. Accordingly, the schedule adjusts for the needs of the
entrepreneurs in real-time using rapid feedback loops. Through this
fluid, custom programming, Unreasonable creates the conditions for
attending CEOs to solve their key challenges in real time among a
community of world-renowned leaders.
Workshops of note will be held by Tom Chi (November 7 on rapid
prototyping), George Kembel (November 18 on design thinking).
The Braintrust Event (November 15, 3:00-6:00 p.m. with cocktail
reception 6:00-7:00 p.m.) is a showcase event in which the 13
featured US companies will present their ventures to the Barclays
network at Rise New York. The event goal is to use the
Barclay’s brain trust to solve each entrepreneur's key challenges.
The event will feature breakout sessions with the companies,
keynote speakers, and networking.
The Exclusive Forum (November 16, 3:00-6:00 p.m. with cocktail
reception 6:00-7:00 p.m.) is a showcase event in which the 13
featured US companies will present their ventures to a room full of
invited guests at Rise New York. Each guest will
have the opportunity to experience the companies as if they were a
member of the presenting companies’ board and were exploring new
opportunities for scale and growth. The event will feature breakout
sessions with the companies, keynote speakers, and networking.
About Barclays
Barclays is a transatlantic consumer, corporate and investment
bank offering products and services across personal, corporate and
investment banking, credit cards and wealth management, with a
strong presence in its two home markets of the UK and the US.
With over 325 years of history and expertise in banking,
Barclays operates in over 40 countries and employs approximately
130,000 people. Barclays moves, lends, invests and protects money
for customers and clients worldwide.
Barclays recognizes the role finance and banking can play as a
key driver of social and economic progress, growth and development.
Barclays’ Citizenship plan, the Shared Growth Ambition, ensures
this focus is at the heart of its business activities, ultimately
making decisions and doing business that provide its clients,
customers, shareholders and the communities it serves with access
to a prosperous future. For further information about Barclays,
please visit our website http://www.home.barclays.
About Unreasonable Group
Unreasonable’s mission is to be the most effective platform in
the world for entrepreneurs solving key global challenges (i.e.
ensuring renewable energy reaches the 1.3 billion people currently
without electricity, reimagining the future of healthcare, or
addressing the global unemployment crisis). Through running
worldwide accelerator programs, a globally oriented private equity
fund, an extensive network of over 300 serial business leaders as
mentors, and advanced storytelling and media activities,
Unreasonable is designed to exclusively support entrepreneurs
positioned to solve society's toughest problems. For further
information about Unreasonable, please visit our site,
http://www.unreasonablegroup.com.
About Unreasonable Impact, created with Barclays
Unreasonable Impact is an innovative new partnership between
Barclays and Unreasonable Group. The global partnership helps scale
high-growth ventures addressing key global challenges with the
ultimate aim of creating the jobs of tomorrow. Over the next three
years, Unreasonable Impact will work with over 100 of the world’s
leading entrepreneurs by supporting them with the resources,
mentorship, and the global network needed to rapidly scale their
companies and in turn create new employment opportunities across
targeted geographies.
Each accelerator program is an intensive two-week gathering
designed to support growth-stage ventures with bespoke advice and
guidance from a global community of mentors and industry
specialists, including experts from Barclays. The first program
took place in the UK, with successive programs running in the US
and Asia annually over the next three years.
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version on businesswire.com: http://www.businesswire.com/news/home/20161102006249/en/
BarclaysBrittany Berliner,
212-526-4894brittany.berliner@barclays.com
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