As climate change becomes a reality we are all responsible for, and governments start raising awareness, venture capital investors seem to be increasingly attracted to clean tech. In 2006, $2.9 billion were invested in this field in the US, compared to $1.6 billion in 2005, and a big part of this money went into energy-related ventures. This figure increased by nearly 60% in the first quarter of 2007 making the clean tech venture market the third most significant after biotechnology and software. GE was a big investor in clean tech in recent times; in the beginning of the year, they invested in a company that researches batteries for hybrid vehicles, and the American giant probably wonât stop here, aiming to invest $4 billion in renewable energy by 2010. Other companies have also announced they want to join the race: Citigroup is willing to invest $50 billion in the next ten years in companies that address climate change issues, while Bank of America intends to invest $20 billion in the same area. In Europe, the level of investment is significantly lower and itâs decreased in 2006 compared to the previous year. What should concern European leaders even more is that not only are they significantly behind the US when it comes to investments, but that the Americans have invested more in European ventures than the actual people benefiting from them. Part of this problem is due to insufficient state involvement in the issue, but some potential investors consider that there arenât enough opportunities for them in Europe.
related story: http://arstechnica.com/news.ars/post/20070606-clean-tech-investments-pull-in-10-percent-of-us-venture-capital.html
by Corina Ciubotaru for SigEx Ventures (http://sigexventures.com) |
SigEx Ventures's matrix of properties are quickly becoming leaders in digital telebroadcasting, free content delivery allowing people to easily talk, view, upload and share through free online TV broadcasting, free unlimited global calls, video blogs and SMS. SigEx Ventures invests in projects deploying "free" to add-on royalty revenue models