Some may say that the recent news that of a lack of spending and investing in CleanTech Startups in the last quarter is bad... but it actually opens an opportunity for us to jump on in the next quarter! We are constantly looking for places where the industry is lacking that we can offer our resources. Here are the ways we can and have jumped on these opportunities in the past:
-Investing at times when VC's are not
-Offering restructuring help when other companies are not
-Taking a risk on Green Companies when others see them as too risky
On another note, Government Spending and grant efforts is a huge aspect of our business, as we are a startup as well. In order to invest in these companies we continue to watch government spending on Green initiatives.
Here is a list of current Green Government Efforts by the American Recovery and Reinvestment Act:
-$3.2 billion in energy efficiency & conservation block grants
-$3.1 billion for State Energy Program
These examples of Government spending are hugely important to the growth of our business. A few months ago Congressman John Tierney offered us a grant of $50,000 to support our efforts in investing and growing Green Technology companies. This $50,000 has hugely impacted our business and allowed us to move further with our business. It is only with these government funds that we, as a non profit organization, are able to invest and grow these CleanTech companies.
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