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Clean Tech Buzz
Clean Tech Buzz - Trends
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Venture capital funding in cleantech companies swelled to $1.5 billion in the second quarter of 2010, its highest level since Q3 2008, according to a report released today by Ernst & Young. This is a staggering 64 percent increase over the amount invested in Q2 last year. The number of deals closed also saw a slight increase, about 4 percent from last year, to 68. The disproportionate growth in dollars and deals points to one of the major trends emerging this quarter: more interest in larger, late-stage rounds. Of the $1.5 billion total, about $891 million went into 33 late-stage deals, concentrated in the automotive, ...
DEVAL PATRICK, the new governor of Massachusetts, aspires to create �the renewable-energy centre of the world� in his state. That may not go down well with Austin's mayor, Will Wynn, who wants to host the global �clean-energy capital�. Iowa's governor has also staked a claim. And of course Arnold Schwarzenegger lurks in rich, green, can-do California. Like the planet, the race to become America's �clean-tech capital� is heating up. The stakes are high. Venture-capital investment in clean-tech in North America more than doubled in the past two years to $2.9 billion, according ... Read More
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Authors@Google: Bob Gilbreath
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