NEW TECH: Environmentally minded ingenuity drives the latest business wave to plant its roots in the Bay Area
David R. Baker, Chronicle Staff Writer
Sunday, March 4, 2007
Thanks Frank P. for this article and summary –
A couple of key points: “No one knows precisely how many companies are in the green tech universe. But we do have an idea how much money is going into it.
The Cleantech Venture Network tracked $2.9 billion invested within North America during 2006, a 78 percent increase over the previous year. Ernst & Young, which defines the field more narrowly, counted $884 million invested in the United States last year, up 80 percent from $491 million in 2005. “
"Creating the greatest next-generation (Internet) router is a lot less satisfying than creating the technology that will save the planet for your children and their children," said Robb Browne, who runs Ernst & Young's venture capital advisory group.
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