abb technology ventures abb技術(shù)公司課件

?ABBGroup-IntroductiontoABBTechnologyVenturesOctober15,2013|Slide1GirishNadkarni-ABBTechnologyVentures

Electricity2013-KeynoteAddress/venturesJerusalemInternationalConventionforInnovation&BusinessDevelopmentinElectricityandEnergyAgloballeaderinpowerandautomationtechnologies

Leadingmarketpositionsinmainbusinesses?ABBGroup08September2024|Slide2PowerProductsPowerSystemsDiscreteAutomationandMotionProcessAutomation$10.7billion36,000employees$7.9billion

20,000employees$9.4billion

29,000employees$8.2billion

28,000employees(2012revenues)LowVoltageProducts$6.6billion31,000

employeesElectricals,automation,controlsandinstrumentationforpowergenerationandindustrialprocessesPowertransmissionDistributionsolutionsLow-voltageproductsMotorsanddrivesIntelligentbuildingsystemsRobotsandrobotsystemsServicestoimprovecustomersproductivityandreliabilityABB’sportfoliocovers:145,000employeesinabout100countries$39billioninrevenue(2012)MITTechnologyReviewABBAmongTop50DisruptiveCompaniesof201308September2024|Slide3?ABBGroupThompsonReuters2013Top100GlobalInnovators08September2024|Slide4?ABBGroupABBTechnologyVenturesOverviewABBTechnologyVentures(ATV)isthecorporateventurecapitalarmofABBGoals:GainaccesstoleadingedgetechnologiesandbusinessmodelsofstrategicinteresttoABBIncreasethepaceofinternalinnovationProfitablyinvestABB’sassetsBeganinvestingin2010Approx.$150millionUSDdeployedsofar16investmentstodate:13investmentsintocompanies3investmentsasLimitedPartnersintootherVCfunds3investmentprofessionals,1technologistand1internTechnology/marketduediligenceandportfoliocompanysupport

frombusinesses,industrysectorsandcorporateresearchReportintoaBoardconsistingofCEO,CFO,CTOand3otherECmembers?ABBGroup-IntroductiontoABBTechnologyVenturesJanuary12,2012|Slide5InvestmentCriteria?ABBGroup-IntroductiontoABBTechnologyVenturesJanuary12,2012|Slide6Target~4dealsperyear(notincludingrefinancings)$1-$20millionUSDinitialinvestmentsizeStageandgeographyagnosticTypicallypartnerwithleadingfinancialVCsand/orotherstrategicinvestorsIndifferenttoleadingdealInvestmentmustmeettraditionalVCreturnrequirementsandhavecrediblestrategicvaluetoABB:TightlinkageswithABBbusinessunitsanddeeptechnicalresourcestoensureadditionalvalue-addproductpull-throughandacceleratedR&DFinancial25%+IRRReturnscommensuratewithearly-stagebusiness&technologyriskStrategicExposure/learningforABBHedgingbetsamongcompetingtechnologiesPre-M&A(Ciscoapproach)Supportnascentmarkets(Intelapproach)KeyQuestionWouldafinancialVCinvest?WouldABBliketoownthiscompanyorbeinthisspaceinthefuture?+Whydoweneedacorporateventurecapitalgroup??ABBGroup-IntroductiontoABBTechnologyVenturesJanuary12,2012|Slide7TeachingABBbusinessestobeparanoid!!!SmartGridRenewablesCyberSecurityThousandsofStart-UpsEmergingTechnologiesEmergingCompetitorsProximitytocurrentmarketProximitytocoretechnologyHighLowLowR&DBusinessDevelopmentCorporateVenturingOtherSectorswithOverlappingInterests80CVCsformedin2011!OtherCVCGroupsWhyCorporatesInvestinStartups–3L’s?ABBGroup-IntroductiontoABBTechnologyVenturesJanuary12,20121|Slide8NewtechnologyNewmarketNewbusinessmodelNewtechnologyNewmarketNewbusinessmodelCurrenttechnologyCurrentmarketCurrentbusinessmodelLeapNotMutuallyExclusiveLeverageEmergingTrends&TechnologiesfromDifferentUniverse….Internetofthings/M2MCommunicationBigData3DPrintingTransferoftechnologyfromconsumertoindustryCloudComputingSoftwaredefinedAnythingCybercrimeMobileappsandapplications(somecountriesleapfroggingPCbasedinternet,e.g.Kenya)Frugalandlocal(contextual)innovation(Kenya,Brazil,India,China)Socialmedia–2WayCommunication(reputation,branding),Sourcing(über,AirBnB),Sharing(cars,bicycles,handbags,watches)Crowdsourcing(therearepeoplewhoaresmarterorluckier)ServiceRobots(vision,easeofprogramming,interactionwithhumans,exoskeletons)AutonomouscarsBiomimicry–learnfromthemasterSmartCities–slowlybutsurelyImplicationsfor:ProductdevelopmentBusinessmodelCompetitionDisruption….Buthavinglong-termimplicationsforABBBenefitsofWorkingwithaCorporateInvestor?ABBGroup-IntroductiontoABBTechnologyVenturesJanuary12,20121|Slide10ToStartupsValidationforcompanyandproductsPathtocommercializationthroughfinancialassistanceandindustryknowledgeMarketaccessToVCsTechnology&businessmodelduediligenceAccessto,andperspectiveon,newmarketsandgeographiesStimulateadditionalinterestinVC’sportfoliocompaniesToCorporatesExpandportfolioofcustomerofferingsValidatepotentiallynewtechnologiesatlowcostInsightintocompaniesforfutureacquisitionInspireadditionalinnovativethinkingacrosstheorganizationSource:PartneringwithCorporates,CleantechGroupReportABBTechnologyVenturesFebruary4,2013|Slide11AreasofInterest2013PriorityinDecliningOrderHighPotentialsfor2014UrbanMiningWastetoEnergyel.Power+Heat+RecyclingG2L;P2G&P2LPowertoGas&LiquidEnergystorage,GasutilizationSmartCityPartlycoveredinothertopicssupervision,optimization,controlGeothermalandco-developmentSubSeaTechnologyOil/GasUnconventionalO&GWatertreatmentLNGregasificationActiveSearchEnergyEfficiencyIndustrialEEBuildingEMSSmartmanufacturingConnectivity,interface,PredictiveMaintenanceServiceSoftwareMicro-GridDistributedGenerationHomeAutomationMultiplesensors,convergence,DemandResponseLightingTechnologiesBuildingandIndustrialapplicationsDiscretemanufacturing&RoboticsIntuitive&easyprogrammingSectorStrategytobepreparedThemeBasedBigDataApplicationsbeyondSmartGridInternetofThingsApplicationsacrossBUsIncl.“realtimeeverything”3DPrintingProducts&sparepartsNextgen.manufacturingReportsreleasedSolarPVmulti-function/BIPVResidentialSolarBoS(micro)inverter

&poweroptimizerSolarCPVHCPVTidalenergyandco-developmentofPTOWaveenergyinsynergywithAPL&faroff-shoreWindtechnologiessmallwind/distributedGenerationDiscretemanufacturingSmartmanufacturingconnectivity,interface,RenewablesSmartGridEnergyEfficiencyOtherHighPotentialsGeothermalandco-developmentMicroGridDistributedGenerationDCTechnologiesFCL,DCCB,LVCyberSecuritysoftwareBigDataApplicationsbeyondSmartGridEnergyStorageutilityscaleDemandResponsePartlycoveredinothertopicsEnergyEfficiencycompressedairsystems,buildingEMSHomeautomationmultiplesensors,convergence,InternetofThingsM2M(in-housestudy)WasteheatrecoveryadvancedheatpumpsmallscalegenerationLightingTechnologiesLEDcontrol,MeasuringadvancedsensorsSensor,SubSeaTechnologyOil/GasElectricandoilseparationPowerElectronicPowerQualityinverterefficiency3DPrinting(in-housestudy)DataCenterCoolingincl.serverandPCBcoolingP2GPowertoGasEnergystorage,GasutilizationHighspeedmotionmotorsandcomponentsPredictiveMaintenanceServicesoftwareSmartCityPartlycoveredinothertopicsNorealcompanystrategyActivelyinvestigatingsector/companiesPassivesearch–fewappealingtargetsDeclineunlessexceptionalGeneralAreasofInterest–EvaluatedRegularlyMovingfromopportunisticinvestingtothemeandsectordriveninvestingEnergystorage/utilityscalebatterytechnologiesMicroInverterandPowerOptimizerWastetoEnergy/UrbanMiningLightingControl–industryoverviewWasteHeatRecoveryWaveandTidalSolarCPVBigdataInternetofthings3DprintingIdentifyemergingsectorsinconjunctionwithbusinessesandindustrysectorsConductthoroughanalysisandmappingoftargetedsectortoidentifybesttechnologiesandinvestmenttargetsStudystaffedbycombinationofventures,businessandresearchteamsSectorStudiesFinished?ABB08September2024|Slide14Investments–1of21=Allamountsinmillionsunlessnoted2=PIPE2CompanyDescriptionAmount1Board

InvolvementCo-InvestorsLocationDealslistedinchronologicalorderofinitialATVinvestment.AsofOctober1,2013N/DBrookfield,CT

USADirectcurrent(DC)powersupplysystemsforthedatacenter4seatsOakHill7SoldtoABB12/12StatusRedwoodCity,CA

USASmartgridcommunicationsnetworkusingself-forming,self-balancing,andself-healingradiomesh$20ObserverGE,InvestorGrowthCapital,VantagePoint,MissionPoint,zouk1ActiveFoxborough,MA

USACybersecuritycompanywithapplicationsforpowersystems,automation,andcontrolsystems$51seatDeepRiverVentures2ActiveSantaClara,CA

USADatacenterautomationandenergyefficiencymanagementsoftware$9ObserverDFJ,PointJudith,GoodEnergies,DepartmentofEnergy3ActiveRehovot

IsraelAdvancedLIDARtechnologyforremotesensingofwindvectorstooptimallyalignturbines$3ObserverCedarFund,EvergreenVenturePartners,DFJ4ActiveEdinburgh

UKMarineenergyconversionusingOysterwavepowertechnology￡182seatsSigmaCapital,RoyalAcademyofEngineering,ScottishEnterprise,etal.5ActiveSanFrancisco,CA

USA6Electricvehicle(EV)fastchargingtechnology$192seatsPublic(NASDAQ:ECTY)AssetSale?ABB08September2024|Slide15Investments–2of21=AllamountsinmillionsunlessnotedCompanyDescriptionAmount1Board

InvolvementCo-InvestorsLocationDealslistedinchronologicalorderofinitialATVinvestment.AsofOctober1,2013StatusFremont,CA

USAHighlyefficientconcentratingphotovoltaic(CPV)solarsystems$202seatsOakInvestmentPartners8AssetSaleTelAviv

IsraelCloud-basednetworkmonitoringandleakdetectionsoftwareplatformforwaterutilities$31observerEmeraldTechnologyVentures,GeminiIsraelFunds,GizaVentureCapital9ActiveOrkney

UKAdvancedhydrokineticdeviceforfloatingtidalstreamsandrun-of-riverapplications$82seatsTOTAL,FredOlsen10ActiveCzechRepublicTechnologyparkandIncubationcenterfocusedondirectcurrent(DC)technologyintheLVandMVspace€2N/AE.ON,Philips,

AllianceFederatedEnergy11ActiveZug

SwitzerlandTechnology+servicescompanyfocusedonwindfarmperformancethroughyawalignmentoptimization€11seatYellow&BlueInvestmentManagement,

b-to-vPartnersAG12ActiveSantaClara,CA

USAElectroadhesiontechnologyforrobotics,materialhandlingandindustrialautomation1seatFormation8andNike$113ActiveBeijing,China?ABB08September2024|Slide16FundInvestmentsFundNameRepresentative

InvestmentsLocationFundSizeStrategicFocusFoundedAUMETSolar

ChinaHydroelectricCorporation(CHC)

HaiyuanGroup

Neo-Neon

NetPower

ChinaSunergy

LDK$271MMUSD2001TargetinginvestmentsincleantechcompaniesinChinaorthosehavinganexustoChinawithamixofearlierstagetoexpansionstagecompaniesChinaEnvironmentFundIV(CEFIV)$350MMUSDManagingPartnerDonYeZurich,CH/Toronto,CanadaTaKaDu1

EvergreenSolar(Nasdaq:ESLR)

Pemeas(acquiredbyBASF)

RuggedCom(TSX:RCM)

RiverBasinEnergy

Synapsense

Xunlight€300MMTargeting€4-10MMinvestmentsinearlyandexpansionstagecleantechcompaniesinEuropeandNorthAmerica2000EmeraldCleantechFundIII€100MMtarget(€25MMfirstclose)GinaDomanig1ABBTechnologyVenturesco-investmentJunoBeach,FloridaUSA2012ClearSkyPower&TechnologyFundAlexWeissNewfund,sponsoredbyNextEraEnergy$350MMtargetStrategicfundforNextEraEnergy

Targetinglate/growthstageequityinvestmentsinrenewableenergygeneration,smartgrid,energyefficiency,energystorageandair&environmentiControl

CleanEnergyFinanceOtherundisclosedinvestmentsATVTeamGirishNadkarni

President,

ABBTechnologyVenturesKurtKaltenegger

HeadofTechnologyAndrewTang

ManagingDirector8yrs.atABB;prev.responsibleforABB’sglobalcostmigrationprogramandranglobalautomotivebusinessfortheRoboticsDivisionasSr.VicePresidentPrior:EIR,ViewGroup;President&CEO,vSimplify;Mgr.,Corp.Dev.,GE;GECapital;PrudentialCapitalNominatedasoneofthetop100globalcorporateventurecapitalists20yr.ABBveteran;fmr.headofhighvoltagecircuitbreakerdevelopment;globalmediumvoltageproductsBUtechnologymanagerDirectorofResearchCenterinChina(Beijing)andCTOforABBCN;morethan30patents10+yrs.VCexperience;foundingManagingDirectoratDFJDragonFund;exitsincludeBroadbus(MOT),Zettacom(IDTI),andNuTool(ASMI