While 2011 Cleantech investment in 2011 is down from 2010, there is a BIG silver lining.
San Diego Source reports that “In terms of investments made, venture capitalists dealing in clean technology across the country were nearly as active in 2011 as they were in 2010, but the total dollar value of their investments declined around 4.5 percent, according to an Ernst & Young LLP analysis.
The analysis was based on information from Dow Jones VentureSource, and it showed that while there was a decrease from 2010 to 2011, the $4.87 billion invested in 2011 still represented a 29 percent increase from 2009.”
Why is this AWESOME news from my view? In my work on entrepreneurial boards like UVEF, CEDO, US25, as well as advising groups like BoomStartup I work closely with some of the wisest angel investors from groups like Utah Angels, etc. These investors are now much more rigorous in pre-screening startups prior to investment as compared to 2009. It follows then that if 2011 cleantech investment is up from 2009 that there are more and better prepared startups receiving funding.
So, things are looking up, not down, for Cleantech!
Do you agree?Share