2.16.07: Cleantech investment skyrocketing
By Richard Koman - February 16, 2007
VC investment in cleantech companies hit $3.6 billion in 2006 (that includes North American and European investors), a 45% increase over 2005's $2.5 billion. The fourth quarter saw a 10% increase of investment over the previous year, from $704 million to $775 million, according to a Cleantech Venture Network press release.
Naturally, most of that money - 72% - went into energy-related investment. That represents a $2.6 billion investment, double the $1.3 billion invested in 2005.
Still, Nicholas Parker, co-founder of the Cleantech Venture Network, said other sectors also benefited from the investment boom.
“Energy was the most prominent beneficiary, but companies that specialize in transportation, water, air and environmental technologies and other categories also attracted venture capital,” he said.
« MySpace decision emperils Web 2.0 | Main | 2.16.07: Apple patches critical bugs »
February 16, 2007 | Permalink | Comment | Category: NewsWatch | Subscribe to SVW
- Top Stories:
- Technology In The Service Of Humanity
- The Death Of The Search Algorithm? Techmeme Has Six Editors
- TEDxSF - Little TED Just Like The Big TED
- SNCR Research: Social Media IS Influencing Business Decisions
- What's Next? Beyond Real-Time...
- PearlTrees: A Novel Approach To Human Mapping Of The Internet
- MediaWatch Analysis Part II: Google Has More To Lose Than Murdoch
- MediaWatch Analysis: Murdoch Will Negotiate Payment For Access To Basket Of Content With GOOG et al
- WeekendWatcher: The Sheer Number Of Things Will Devalue Them
- ChipWatch - Where Will The Next Generation Of Engineers Come From?
- Public Healthcare Could Cut Startup Costs And Help Spur Innovation
- Is GOOG's $750m AdMob Buy Strategic Or Dumb? An alternate view...