Canadian VCs cuddling up to cleantech
Wednesday, August 16th, 2006I’ve got a story in today’s Toronto Star looking at Canadian venture capital investments in the second quarter of 2006. Investment overall fell by 25 per cent in the quarter, but investment in alternative energy, environmental and “other” emerging technologies rose substantially over previous quarters. For example, in the second quarter such investments represented 18 per cent of overall investment, versus just 6 per cent in all of 2005. That’s a three-fold jump.
In dollar terms, $87 million was invested in the second quarter alone, compared with $109 million for all of last year.
An anomoly? Not likely.
Tyler Hamilton is senior energy reporter and columnist for the Toronto Star, Canada's largest daily newspaper. In addition to this Clean Break blog, Tyler writes a weekly column of the same name that discusses trends, happenings and innovators in the cleantech market. This blog is a personal project started in April 2005. It is not an official blog of the newspaper. Tyler can be reached at tyler@cleanbreak.ca