LegalMindsTV Interview: "Venture Investments in the Clean Tech Sector"

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Investments in cleantech have helped lead a strong turnaround in the venture capital market after the first quarter of 2009 – pulling ahead of biotech and software as the largest area of investment and closing out the year with more than 75 deals in the month December and the announcement of Hudson Clean Energy Partners’ closing it’s debut fund with over $1 billion in commitments.

In this exclusive LegalMindsTV interview, Chip Korn, a Partner at Sonnenschein Venture Technology Group, takes a look at what factors affected the venture market this year, as well what’s in store for the cleantech sector in 2010, including the role of tax credits on large projects, the impact of government stimulus funds, the move of traditional VC funds into clean tech investments, and the funding outlook for early-stage companies across the broad range of industries that make up the cleantech sector.

According to Korn cleantech will “continue to be a very atractive and growing sector for invesment dollars, in large part spurred on by government regulation.”  Though he warns that most renewable energy companies are very capital intensive and in addition to technology investments, are going to need a whole new level of financing to get to the project state.”  Korn points to what many refer to as the cleantech “valley of death,” where he says “once you get beyond typical technology investments for these very capital intensive companies, you’re going to need a lot of dollars to deploy a project and launch the technology.”

“Like everything else, 2009 was a tough year, certainly a down year.  Funds spent a lot of time on their existing porfolio companies and not looking at new deals.”  But according to Korn, “in 2010, the cleantech sector, in particular renewable energy, will continue to be a very attractive and growing sector for investment dollars."

View the LegalMindsTV video interview at http://legalminds.tv/index.php/2009/12/16/venture-investments-in-the-cleantech-sector/

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Bruce Colwin, LegalMindsTV | Attorney Advertising

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