Sounding the alarm on cleantech venture capital
Trends in venture capital funding decisions are hindering commercialization of next-wave green energy technologies, according to a new Brookings Institution analysis.
Why it matters: Despite the urgency of climate change, the cleantech VC funding woes—especially for early-stage companies—will get worse if Trump succeeds in gutting Energy Department initiatives, the authors say.
Here are some of the headwinds Brookings identifies . . .
- VC funding on cleantech companies fell from $7.5 billion in 2011 to $5.2 billion last year, and there were almost 200 fewer deals in 2016.
- VC cleantech investment is concentrated in a few regions (check out the chart below), leaving other areas "starved for participation."