Dr. Marcie Black - Director
Co-Founder & President
Marcie co-founded Bandgap Engineering. Prior to starting Bandgap, she worked in the semiconductor, opto-electronic, and solar energy industries for fifteen years. Marcie was a technical staff member in the applied electromagnetics group at Los Alamos National Laboratory and worked on a variety of nanotechnology and optical systems. She earned her BSc, Masters and Ph.D. from the Massachusetts Institute of Technology. She has published over 30 articles in peer reviewed journals and three book sections and has two patents issued and numerous patents pending.
William Osborn - Director
William Osborn is the Founding Partner of the Massachusetts Green Energy Fund. He also currently manages Commons Capital, LP, a venture fund focusing on energy, healthcare, and environment investments. Mr. Osborn has served as a special partner with Arete Corporation, which manages $135 million in utility industry investments. Prior to that, he was a principal at Venture Investment Management Company, LLC (VIMAC), which invests in early stage IT and healthcare companies. Mr. Osborn has an entrepreneurial background in the environmental and energy field, founding and managing an electric vehicle distribution subsidiary for a major utility company and starting a business development consulting firm. He also co-managed a venture capital fund for automaker BMW and was a management consultant with Arthur D. Little, where he led a consulting practice involved with new energy technologies. Prior to his consulting work, Mr. Osborn practiced law and managed a state government office promoting solar energy. Mr. Osborn sits or has recently been on the boards of several start-up and expansion-stage companies, including Evergreen Solar, Inc. (Nasdaq:ESLR), Domini Social Investments, World Power Technologies, Inc., Evolutionary Technologies, Inc., Surgical Sealants, Inc., Fingerlakes Aquaculture LLC, and Conservation Services Group. Mr. Osborn is a founding Trustee of the Domini Social Equity Fund and Board Member of Investors’ Circle, where he has also chaired the Selection Committee that selects companies to present to members for investment. He holds a BA from Princeton University and a JD from George Washington Law School.
Robert W. Shaw, Jr. - Observer
Dr. Shaw is president of Aretê Corporation, a venture capital management firm. He served as the manager of the Micro-Generation Technology Fund, a venture capital fund investing in small-scale alternative energy systems, from its inception in 1997 to completion at the end of 2008. From mid-2007 until his retirement at the end of 2009, Dr. Shaw managed SC Green Tech Ventures for Sumitomo Corporation. He continues to invest as an angel investor in a portfolio of alternative energy companies. Beginning his venture career in 1983, Dr. Shaw was founder and president of Aretê Ventures, Inc., and served as the managing partner of the five Utech Funds from their inception to completion in 1997. These venture funds were the first to focus on energy-related technologies. Dr. Shaw has also served on the investment committees of Zurich-based Emerald Technology Ventures, and Commons Capital, as special limited partner of Nth Power Technologies and of Atrium Capital/Honda Ventures, and as an advisor to Earthrise Capital. Prior to forming Aretê, he was a senior vice president and a member of the board of directors of the management consulting firm, Booz, Allen & Hamilton, where he was a founder of the firm’s energy division. Earlier in his career, he conducted solid state physics research at Bell Laboratories and at the Cavendish Laboratory in the U.K., where he was an AFOSR postdoctoral fellow. During this period he published 15 refereed papers in Physical Review B and the Journal of Physics C. Dr. Shaw served as chairman and a director of Distributed Energy Systems Corp./ Proton Energy Systems from its inception in 1996 to 2007, and as chairman and director of Evergreen Solar, Inc. from its inception in 1994 through 2005. He has served on numerous other corporate boards during his venture capital career, most recently as a director of H2Gen Innovations, Inc., and as a formal observer on the boards of Bandgap Engineering, ACAL Energy, Angstrom Power, and ActaCell.