Huron River Ventures was formed in early 2010 as the only Michigan-based investment firm focus on seed-stage, energy technology, Cleanweb, and smart transportation enterprises. HRV is ideally positioned to take advantage of the convergence of two significant trends: Global Energy Technology Growth and Michigan’s Economic Transition.
Global Energy Technology Growth: The market for energy technology and cleantech products and services is currently measured in the hundreds of billions of dollars globally, likely growing to the trillions by 2017. John Doerr of Kleiner Perkins has called cleantech the biggest economic opportunity of the 21st Century.
Michigan Economic Transition: As Michigan’s economy transitions from an era dominated by large corporations to one where entrepreneurial risk-taking is increasingly encouraged and embraced, the ground is more fertile than ever for innovative and disruptive technologies. And with its native strengths in high tech R&D, advanced manufacturing and automotive design and engineering, Michigan is well positioned to produce and develop these technologies.
As these trends converge, entrepreneurs and technologists are increasingly seeking early-stage capital and support to commercialize breakthrough technologies. HRV was established to meet this need. As the only Michigan-based seed-stage investment firm focused on these sectors, HRV is well positioned to both support and benefit from this convergence.