Monday, 23 January 2017
Last updated 2 days ago
Dec 21 2009 | 1:00pm ET
Venture capitalists surveyed by the National Venture Capital Association (NVCA) believe cleantech is the sector most likely to show growth in 2010.
The NVCA questioned over 325 venture capitalists across the United States from 30 November to 8 December 2009. Of those surveyed, 54% believe VC investment in the cleantech sector would rise in 2010.
Other favorable sectors included the internet (46% predicting higher investment), media and entertainment (33%) and software (32%).
The semiconductor industry is the sector in which most VCs – 64% – believe there will be a decline in investments in 2010. Another 37% of venture capitalists believe the wireless sector will see a decline in investment next year.
That said, a full 87% of the venture capitalists surveyed believed U.S. VCs would raise fewer funds in 2010 than in previous years, and 47% predict an increase in foreign limited partners.