February 21, Clean Energy Trust

First Portfolio Company Acquisition: SPLT Acquired by Bosch

Clean Energy Trust (CET) is excited to announce that Bosch, the global automotive and electronics firm based in Germany, has acquired portfolio company SPLT, an enterprise mobility startup based in Detroit.

The acquisition is our first “exit” since we began making seed investments in 2014, demonstrating the “full-circle” vision of our revolving fund model. Proceeds from the investment have been returned to CET’s fund and will be repatriated to capitalize future investments in 2018 and beyond.

February 13, NYU Tandon School of Engineering

Do tech incubators work? NYU Tandon Future Labs answer: 3,200 jobs and $4 billion for New York

BROOKLYN, New York – NYU Tandon School of Engineering's Future Labs — a network of startup business hubs that includes the Data, Urban, Digital, and recently launched Veterans Future Lab — today reported an estimated economic impact on New York City’s economy of $4.06 billion since launching in 2009 as the first incubators with city support through the New York City Economic Development Corporation (NYCEDC).

February, Crain's Detroit Business

NextEnergy CEO Jean Redfield to step down

Jean Redfield is stepping down from her longtime role of leading technology accelerator nonprofit NextEnergy.

Redfield, 59, will be replaced by Jim Saber, vice president of business and technology development, in the CEO role, effective March 2. Angella Durkin is also being promoted from vice president of finance and administration to the newly-formed role of COO as part of the transition.