Monday, April 10, 2006

Are you taking note of Green-Tech future?

According to this news:

Kleiner Perkins [Venture Capitalist firm] plans to set aside $100 million of its latest $600 million fund to technologies that help provide cleaner energy, transportation, air and water. "This field of green-tech could be the largest economic opportunity of the 21st century," Doerr said. "There’s never been a better time than now to start or accelerate a greentech venture."

Kleiner Perkins’ plan to ramp up investment in green technology is just the latest sign of the new sector’s growth. Also known as clean technology, the field includes technologies related to water purification, air quality, nanotechnology, alternative fuels, manufacturing, recycling and renewable energy.

North American venture capitalists invested more than $1.6 billion in clean-tech companies last year, a 35 percent increase over 2004, according to a report by the Cleantech Venture Network.

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