Gore’s Inconvenient Truth a Convenient Way of Maximizing Investment Portfolios
by John Paczkowski
Posted on June 7, 2007 at 12:08 PM PT
According to a new report from Environmental Entrepreneurs and Cleantech, venture-capital investments in the clean-technology sector are accelerating and pushing the industry to new levels of growth. In 2006, clean tech became the third-largest VC investment category in the U.S., behind software and biotechnology, but ahead of medical devices, telecommunications and semiconductors. It claimed 11% of all U.S. venture investments–$2.9 billion, an increase of 78% over the $1.6 billion invested in 2005.
Clearly we’ve got a bit of a trend going on here. Said Bob Epstein, Environmental Entrepreneurs co-founder and study co-author, “It’s a bull market for clean technology.” Looks like the industry that some have pegged as “the next big thing” for a couple of years now may soon live up to that descriptive.
