Homeland defense bigger for VCs than cleantech? — Defense and surveillance are hotter sectors for VCs than is cleantech, with the former sector reaching some $6 billion in investment in the past year in Europe and North America. Cleantech drew only $4.2 billion. At least, that’s what data from Venture Business Research shows. The group says cleantech has fallen behind this year, after being equal with defense last year at $3.5 billion. The data sounds fishy, because of the explosion of investments in clean-tech this year, and the lack of any major driver for defense growth. But this data suggests defense investments have almost doubled. You can read a rant on the subject from well-known author Naomi Klein, over at the Nation, but we’re checking with the London group to see how they collected their data.
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