You may recall from my story last week, that experts on the world of venture capital see clean tech as a rare bright spot in an otherwise dour outlook for the industry. Recently released numbers support that sentiment.
Investment in clean tech venture capital funds hit a record $8.4 billion in 2008, according to a report by San Francisco-based The Cleantech Group. The report does not break out clean tech investment by region, so I don’t know how San Diego fared. (I did put a call in to try to get a regional breakdown).
However, the two clean tech sectors where San Diego is strongest — solar and alternative fuels — accounted for more than half of all investment in venture capital funds.