Greentechs Taking Larger Bite Of The VC Pie

Slowly but surely, thanks to government support, we are witnessing the return of the US entrepreneurial spirit. Rebounding investment in the 'greentech' industry is seeing emboldened venture capitalists help push investment in the sector slowly back towards its pre-recession highs, with investment returning to US$1.59bn in Q309. This figure is up by more than 10% from the US$1.2bn invested in Q209, according to data from Cleantech Group and Deloite & Touche. Interestingly, at a time when VC investment is at its lowest ebb since 1997, greentech is now claiming a larger percentage of the VC funding pot than ever before - leaping from a 3% niche as at the start of 2004, to 27% at the end of Q309.

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