Total investments in clean technology – including wind, solar, bio-fuels and a host of related technologies – totaled $4.09 billion through the end of 2008, compared to just $1.44 billion in 2006, according to the National Venture Capital Association (NVCA). That’s still just a fraction of the overall $28.2 billion in venture capital investments but the area is steadily gaining momentum.
In a recent interview with Reuters.com, Mark G. Heesen, president of the NVCA, the leading trade association for venture capitalists in the United States, representing the interests of more than 450 member firms, discussed the growing interest in clean technology and how this fast-growing sector will shape the future of early-stage investing.
Despite a fall-off in interest in the sector in the first quarter of 2009, Heesen expects clean-tech to eclipse the traditional VC mainstays such as information technology and medical devices, within five years, helped in part by the federal government’s commitment to reduce greenhouse gas emissions and dependence on foreign oil.
RTFA. Consider what real players have to say.
It gives me a special chuckle to see and hear the skeptic-bots trundle around political sites – especially those masquerading as somehow science-based – parroting political pundits who make their living preaching to the neocon choir.
I pay attention to sci-tech experts who actually concern themselves 24/7 with technology and the relevant economic machinery involved with growth and profit in the field. I don’t give investment tips at this site – and I don’t recommend sites to folks who want to know who I listen to.
Read this blog often enough and you’ll figure it out on your own.