Meet Our Investments Team

MassCEC's Investments Team brings decades of experience in the clean energy and venture capital sectors. Learn more about our team members below, and be sure to check out our Invesment Program.

Tibor Toth, Managing Director of Investments

Tibor Toth

Tibor has over 20 years of private equity and venture capital investment and entrepreneurial experience, and has led the Investments Division at MassCEC since 2013.  Tibor has focused in the clean energy sector since early 2010, when he joined a clean energy company, QGEN, as its chief financial officer. Previously, Tibor worked at Babson Capital, Ascent Venture Partners, Lee Capital and Berkshire Partners. Tibor is an adjunct professor at the Brandeis International Business School and serves as a director or observer on several corporate and non-profit Boards. Tibor holds a Bachelor of Science in Management Science from the Massachusetts Institute of Technology, completed the Masters of Management and Manufacturing (MMM) program at Northwestern University, receiving a Master of Business Administration from the Kellogg School and a Master of Engineering Management from the McCormick School. Tibor is a Chartered Alternative Investment Analyst charter holder. 


Alison Ernst, Senior Manager of Investments

Alison Ernst

Alison has worked at MassCEC since 2013 , evaluating and managing investments in clean technology startups across all sectors of the industry.  Prior to her time at MassCEC, Alison worked as an engineer, developing, designing and constructing utility-scale power plants at Indeck Energy Services, completing projects in the wind, solar, biomass and natural gas sectors. Alison received her Master of Business Administration from Harvard Business School, focusing on energy, the environment and entrepreneurial finance. During graduate school, she worked for multiple clean energy startups in the New England area, developing market expansion strategies. Alison holds a Bachelor of Science in Mechanical Engineering from Duke University, and also serves on the boards of several clean energy companies. 


Kathryn Elmes, Investment Associate

Kathryn has worked to support clean technology startups since 2014. Prior to joining the MassCEC Investments Team, Kathryn served as the Director of Cleantech Open Northeast, the global accelerator for early-stage clean technology startup companies run by the Northeast Clean Energy Council (NECEC), after having served as the Director of Operations for the Worcester Cleantech Incubator (WCTI). Before joining the clean energy innovation ecosystem, she taught for Clark University and Saint Joseph’s University’s Haub School of Business. Kathryn received a PhD from the Graduate School of Geography at Clark University, MSc in International Development: Environment and Development from the University of Manchester (UK), MA in Geography, and BA in Geography and Peace and Conflict Studies from Colgate University. 


Lisa Khanna, Investment Associate

Lisa joined MassCEC in 2018 after receiving her Master of Business Administration with a focus in Sustainability from MIT Sloan.  During graduate school, she worked with many clean-tech start-ups and impact investors as the Co-Managing Director for MIT's Clean Energy Prize and a VP in MIT's Impact Investing Initiative. She also interned at Rocky Mountain Institute in Sustainable Finance, where she focused on the value proposition of city-specific climate funds focused on building energy efficiency as well as business and financing models for Green and Net Zero Energy Districts. Prior to MIT, Lisa worked at Citigroup in high yield energy research, analyzing companies across the energy value chain. Lisa holds a Bachelor of Science from Brown University in Applied Math and Economics. 


Katie Dobbins, Investment Analyst

Katie has worked at MassCEC since 2014 helping grow Massachusetts’s clean energy and water innovation ecosystem. Prior to joining the Investments Team, Katie managed programs on the Innovation Team, to fund and build relationships with incubators, accelerators, business councils, municipal wastewater treatment plants, and clean energy innovation partners (locally, regionally, and internationally). Previously, Katie worked as an International Student Advisor providing on-site support to Northeastern University students completing their first semester of college at McGill University in Montreal, Canada. Katie spent time in Brazil and South Africa studying social entrepreneurship and alternative energy technologies. Katie holds a Bachelor of Arts from Northeastern University in Environmental Studies & International Affairs, with a minor in Social Entrepreneurship.