Innovation – a word commonly used, and commonly associated with big money and big business. But as 15-year-old Jack Thomas Andraka, recent winner of an Intel prize for his cancer detection technology, demonstrated: innovation is unfolding in unlikely places. We should nurture these innovations, and we must do more to leverage these breakthroughs.

If you haven’t already, I suggest viewing this passionate and inspiring video of Jack Andraka winning the Intel Gordon E. Moore prize for medicine. It is a rare treat to experience the sheer joy of a 15 year old being recognized for an innovation some spend careers pursuing. In this case, Jack’s idea turned disruptive technology was for a simple, elegant, inexpensive and accurate cancer detection technology. By coating single walled nanotubes with antibodies and attaching them to a paper strip, Jack found he could accurately identify pancreatic cancer cells, enabling wide screening for deadly cancers.

Despite not knowing this young scientist, I am proud of him for his stellar accomplishment. He picked an important problem, and focused on an innovative technological solution. Society will undoubtedly benefit from the availability of a simple screening test that can be widely adopted.

He’s not the first to put nanotubes, a manufactured nanoscale material that is a rolled up tube of carbon, into paper, nor is he the first to coat them. But, he has succeeded in leveraging the benefits of nanotechnology for society’s benefit.  If the technology achieves its potential it will result in the widespread use of these strips in hospitals, doctor’s offices, and clinics.

Because of our name, CLF Ventures meets many entrepreneurs who have developed innovative ways to address society’s pressing problems. Through our networks, we are often able to help them gain market access, or make introductions. There is often resistance to adopting new approaches and technologies, particularly when adoption requires a shift in existing policies or infrastructure, as is often the case with clean or “green” technologies. It’s human nature to resist change and maintain the status quo: we like what is familiar. Yet, as Jack Andraka demonstrates, there are often great benefits associated with new technologies.

To that end, it is critical to support innovation, and to maintain openness to new ideas and options. Three things are critical to enabling this support.

1. There is a need to make adoption straightforward, to leverage the benefits for society and for the environment.
2. It is also important to balance the risks with the benefits, to consider the broader impacts of the inevitable disruption new technologies bring, and to manage those impacts to avoid adverse effects on health and the environment.
3. We need to ensure our resilience and ability to manage the unanticipated, and innovation enables our doing so.

Kudos to Andraka and to Intel for inspiring the changes.

An incisive and clear essay by Peter Rothstein, President of the New England Clean Energy Council (NECEC), published on the Commonwealth Magazine website makes powerful and accurate points about the benefits of clean energy to the regional economy.  His analysis and arguments are deeply consistent with the points that CLF’s Jonathan Peress made in a recent entry on this blog outlining the benefits of the investments generated by the Regional Greenhouse Gas Initiative (RGGI) documented in a study by the Analysis Group.

Unlike the attacks on the clean energy programs that he is responding to, Rothstein backs his assertions up with facts and figures. Here is a long quotation from his essay:

Clean energy investments have many positive benefits, making our energy infrastructure more efficient and sustainable and while growing the regional economy. Though you might not know it from the headlines, the clean energy sector is one of the few bright spots in the economy, growing steadily throughout the recession – 6.7 percent from July 2010 to July 2011 alone. Massachusetts is now home to more than 4,900 clean energy businesses and 64,000 clean energy workers – 1.5 percent of the Commonwealth’s workforce. This job growth is not a transfer of jobs from other industries – it’s a net increase that results from the Massachusetts innovation economy creating new value for national and international markets, not just local.

 Clean energy is starting to grow in much the same way as the IT and biotech sectors, which took decades to become powerhouses of our innovation economy. Massachusetts clean energy companies have brought significant new capital from around the world into Massachusetts, earning the largest per capita concentration of US Department of Energy innovation awards. Massachusetts companies have also brought in the second largest concentration of private venture capital in cleantech, a sector which grew 10-fold over the last decade.

 Consumers, businesses, and the Massachusetts economy all win if we stick with policies that drive clean energy investments. The combination of efficiency and renewables prescribed by the Green Communities Act is a positive force to control costs and make bills more predictable for consumers. While the prices of natural gas and oil are anything but predictable, the impact of investing in renewables is clear and positive as these technologies continue to get cheaper. Solar costs have come down nearly 60 percent since 2008 while wind turbine prices have dropped 18 percent.

It is indeed good news that new technologies not only confront the brutal logic of climate change but also boost our economy by virtue of being sound investments.  At such times as these, we should treasure every bit of good news we find.

Leaves are falling, autumn has arrived – and so has a new look for CLF Ventures, CLF’s non-profit strategy-consulting arm. CLF Ventures bridges the public and private sectors to advance innovative, market-based solutions that benefit the environment, society, and our clients’ bottom line. With a new logo and a newly redesigned website, CLF Ventures is taking our message of “Environmental Gain – Economic Advantage” to the next level.

The new CLF Ventures logo was designed to complement the CLF logo while capturing the unique mission and value that CLF Ventures brings to our clients. The two overlapping leaves in the new CLF Ventures logo embody our message that the environment and the economy are interconnected, not mutually exclusive, and that we need to pay attention to both to have a truly thriving and sustainable economy. “If you really look closely,” says CLF Ventures CEO Jo Anne Shatkin, “you see the “V” inside the leaves – that’s the “V” for Ventures, but it’s also a check mark, which says ‘yes, we know how to make things happen.’ CLF Ventures is like those two overlapping leaves. We’re uniquely positioned to help our clients because we’re part of the environmental community and we understand what businesses and innovators need to operate and thrive.”

The redesigned CLF Ventures website highlights the breadth of our services and the wide variety of partners we help. Our new homepage features a revolving showcase of the “Four I’s” – Innovate, Incubate, Integrate, and Initiate – which captures CLF Ventures’ mission to bring about positive environmental change through the marketplace. Many people are familiar with CLF Ventures’ work to help facilities integrate their operations with sound environmental principles and operate both sustainably and profitably. But CLF Ventures also helps entrepreneurs and clean technology leaders innovate their products and technologies and bring them to market. We incubate replicable, new businesses that create shared value and improve the environment. And we initiate opportunities that propel new investment models toward the triple bottom line. Our redesigned website allows us to share our story – and our mission – with a broader audience. We hope you’ll check out www.clfventures.org and let us know what you think.