User:Three1982/Ongreen

OnGreen is an online social platform that drives money and opportunities to the most promising cleantech technologies. OnGreen connects people to people and also connect money to business. Entrepreneurs post plans to get connections, feedback and investment. Also, companies and schools can post intellectual property on the site in the form of patents that can be licensed or sold.

History
OnGreen was founded in 2009 by Nikhil Jain out of the need to take a proactive step to build the green economy by helping with the creation of innovative and new businesses. This meant helping entrepreneurs succeed with bringing their ideas to the market and commercialization of green technologies to drive innovation and creation of green jobs. The company was originally called Clean Green Guy. The new company OnGreen was launched in 2010 by Nikhil Jain with majority seed funding in November 2010 from Shanghai-based China Southern Hong Kong Investment Ltd.

Company
OnGreen is based in West Los Angeles, California. It currently has eight salaried employees as well as multiple interns. Entrepreneurs and investors from 145 different countries frequent the site. Entrepreneurs post their deals on the Deal Marketplace. OnGreen also allows governmental laboratories, companies, and schools to post intellectual property on the site in the form of patents that can be licensed or sold. These patents are posted on the Patent Exchange. There is also an Expert Panel, which consists of confirmed PhDs available to advise entrepreneurs or investors on the site. The site also includes a green job board and online green technology forums.

Membership
With over 3,000 members, OnGreen is ahead of its competitor Skipso (2,800 ). Membership is free. Approximately 90% of the members are in the United States with the remainder of members stemming from 145 companies.

Concept Model
The 2008 global crisis has heightened interest in entrepreneurship as an essential element to foster economic recovery and employment growth throughout the world. Among those entrepreneurs, 20% have trouble obtaining equity capital. Entrepreneurial companies that rely heavily on developing their technology tend to not have the time to make connections with venture capitals or patent holders. In this sense, OnGreen has been creating and capturing value to the "deal seekers" and "deal providers" by enabling the exchange of ideas for external funding.