Green Tech becoming major investment focus

Green IT, media, and devices are all components of the "Green Tech" business category. A new survey of venture capitalists by KPMG puts this category at the forefront of 2008-2009 investment activity.

"When asked to identify the industry sectors that would receive the most capital over the next two years, 24 percent indicated greentech/cleantech, which was followed by biotech/pharmaceuticals at 15 percent, Internet services at 13 percent, and mobile technology was cited by 11 percent."

Meanwhile, Cleantech Network data shows that investment in this sector has grown over 5X in recent years and is on a doubling run rate.