As the concept of environmental responsibility reaches a critical mass, the venture capital community appears to be following suit. According to findings from the Venture Capital Association, clean technology emerged as the fastest growing area for venture capital investment last year. The 54% rise to $4.1 billion in clean technology investment towers over the $444 million raised just four years ago.
This increased venture capital interest, combined with a $787 billion United States economic stimulus plan featuring considerable incentives for green initiatives, has environmental-focused start-ups clamoring for a piece of the pie.
“You have kind of a perfect storm where you see technology at the point where it can actually be commercialized and the government recognizing the need,” said Emily Mendell in a recent article posted by Reuters. The Venture Capital Association’s vice president of strategic affairs went on to say that, “You have consumers who are ready to embrace the technology. All these things are contributing to an interest in investment.”
To read more about the growth of the clean technology sector, read Deborah Cohen’s article at: http://www.reuters.com/article/deborahCohen/idUSTRE5373IS20090408?sp=true