Clean tech funding biggest single source for venture financing in U.S
March 26, 2010
Some interesting comments on financing of clean technology in this article from the Vancouver Sun in Canada. The excerpt that caught our eye was the statement that clean tech funding now accounts for the largest single category of venture financing in the U.S.
- Panel moderator Nicholas Parker, executive chairman of Cleantech Group LLC in San Francisco, said clean tech funding — which includes funding for renewable energy, clean energy and much more — was no longer “a cottage industry.” “It’s now the largest single category of venture financing, at least in the U.S.,” Parker said. “It’s gone from virtually nothing a decade ago to over 25 per cent of all venture financings.” Despite the misery of last year’s capital markets, funding is still at 2007 levels and the first quarter of 2010 is expected to be a record quarter in terms of the number of companies financed, Parker said.