Clean Technology Poised For Venture Capital Breakthrough
Clean technology is poised to become the first breakthrough venture capital sector of the 21st century, Ernst & Young predicts in its fifth annual report on venture capital.
Noting that VC funding in China, Europe, Israel and the U.S. nearly doubled in 2006 to $1.28 billion, E&Y said it expects that trend to continue not only in the developed world but also in the developing market, mainly China and India
One of the most interesting aspects of the cleantech market is its global nature, both in terms of problems and solutions, E&Y says. North America and Europe (including Israel) will likely remain the primary providers of innovative technology in the near future, but demand comes from around the globe.
The emerging economics of Asia will be a major market as their governments invest in necessary infrastructure and in many cases, will generate their own innovations.
VC-backed companies will represent the innovators for the industry in the areas of sensor technology, software, efficiency improvements for existing infrastructure, new materials and water treatment, E&Y says.
The full report Acceleration: Global Venture Capital Insights Report 2007 which also includes reports on other VC topics, is available online from E&Y (registration required).
You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
September 26th, 2007 at 11:49 am
[...] report is consistent with a prediction from E&Y posted earlier on Research Recap that Clean Tech was poised for a venture capital breakthrough. That prediction, included in [...]