September 23, 2008

VCs not worried on greentech bubble

The financial market maybe in shambles but the Green Technology sector should cheer up with this new report from KPMG (a US audit, tax and advisory firm) stating that the venture capital community is expected to invest more in green next year.

In KPMG's poll of 301 venture capitalists (VCs), corporate executives, entrepreneurs and bankers, 91% said they expect investments to rise next year, with 50% even stating an increase of 20% or more compared to the 2008 levels, while 34% expect investment levels to increase 10%-19%.

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