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Clean Tech investors seeing green
A timely article (“Cleantech mindset gaining traction”) this week in the Toronto Star following the focus on Earth Day reviewed the health and wealth of clean tech. Tyler Hamilton’s award-winning regular column on clean tech takes a look the results from Q1.
North American and European venture investment in clean tech soared to $903 million ( U.S.) during the period, up about 17% from the previous quarter and 42% from the same period a year ago… Cleaner energy generation, including solar and wind technologies, represented more than 50% of those investments.
Increased mainstream media attention, public acceptance and demands for action on climate change have driven this market to its frothy state today. Though it does raise concerns about bubbles, with a general partner at VC stalwart Kleiner Perkins Caufield & Byers even predicting an increase in profitless companies. Shifting the message from potential devastating economic costs to serious business opportunities has done much to increase investment. This sector certainly represents an interesting convergence of innovation, economics and social responsibility.
Kevin Downing @ MaRS
Kevin currently manages initial client engagements with the MaRS Venture Group. He also administers a federal fund that provides mentorship to start-up companies across Ontario.
