Clean-Tech Start-Ups Need Stimulus, Too
Clean technology start-ups desperately need the money that President Obama promised the sector in the stimulus plan, said a report Wednesday from the accounting firm PricewaterhouseCoopers.
Clean tech was the sole bright spot in venture investing last year, with $4 billion going into start-ups in the sector - an increase of 54 percent from $2.7 billion in 2007. Still, since last fall, when the credit crisis deepened and investors began growing skittish, many of those renewable energy and smart grid projects have stalled.
Mr. Obama directed $83 billion of the $787 billion stimulus bill to clean-technology spending and tax breaks. That spans everything from companies that create renewable energy, like solar and wind energy, to those that make buildings and homes more energy-efficient and those that help to modernize electricity grids.
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