Government Stimulus for the Clean Energy Sector

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Duration: 3:25
Source: Stanford ECorner
Author: Jennifer Scott Fonstad, Draper Fisher Jurvetson - Steve Perricone, BioFuelBox
Copyright: Creative Commons: by-nc-nd
Found: Nov 5, 2009

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Host: So I got a question. Just came into mind, how is this - it goes back when you talk about the attitudes in Washington as well as other capitals around the world. In general, it leads to favorable conditions and in fact there’s this massive amount of spending that's going up in science and technology as well as the sort of formal aspects of the stimulus package. What does this really mean for a startup? How does it trickle or filter down or what does this mean for somebody like BioFuelBox or some of your other investments? How are they reacting to this stimulus that's supposedly coming from DC? Steve Perricone: So I was in DC about three weeks ago with my empty bucket knocking on all the doors and nobody filled it. I think at least from a BioFuelBox perspective, and Jennifer can comment on clean tech in general. They were certainly pursuing this stimulus money and all of this free money that's becoming available. In our case in our industry, there's a lot of confusion around biofuels because of the fact that the big guys focused on food as an input and they're 80% of the biodiesel folks are mothballed right now. And the DOE hasn't been recently educated as to waste-to-fuel plays, particularly at a regional level. So it's this Catch 22 where money is coming but nobody knows who's going to be on the receiving end yet because the definitions are still being debated. So it will be interesting to see how the definitions and who's eligible. Is it going to be giant plants only? Are they going to allow companies that have distributed models? And so we're dealing with a lot of lobbyists getting their opinion, a lot of attorneys and VC getting their opinions. But in biofuels in particular, there's a little bit of uncertainty around the execution of that. Jennifer Fonstad: So I think it's both Federal, Capital and then there is state capital, and there is state mandates, and then ultimately someday there will be federal mandates, that are driving the debat...
Language: English
Category: Business
Tags: Jennifer Scott Fonstad, Steve Perricone, Draper Fisher JurvetsonBioFuelBox
Country: United States


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