A new second-stage investment fund is launching in Farmington Hills. Oakland Energy & Water Ventures will specialize in making investments in the clean energy and water spaces.
“We look at opportunities up to $100 million,” says Chris Brower, managing director of Oakland Energy & Water Ventures.
Brower adds that the fund, which is made up of three partners, is flexible when it comes to what type of deals it is looking to do. Among them are joint ventures, partnerships, license agreements, and collaborations. The main things Oakland Energy & Water Ventures is looking for are patented technologies that are ready to scale.
“We’re a bit more simplistic,” Brower says. “We’re looking for proof-of-concept technologies. That is our focus.”
Brower says there are a couple of potential deals in the works but the firm isn’t ready to make an announcement yet. He adds that the company is focusing on clean energy and water plays because of global macro trends that are spiking demand for both clean energy and water to accommodate the growing world population.
Source: Chris Brower, managing director of Oakland Energy & Water Ventures
Writer: Jon Zemke
Read more about Metro Detroit’s growing entrepreneurial ecosystem at SEMichiganStartup.com.