Dow Jones VentureSouce reported on venture capital activity throughout the first nine months of 2009. No surprise, VC investments are down 42% year over year.
Cleantech, however, is a relative bright spot. As we’ve reported, cleantech has quickly bounced back to pre-recession levels and is now the largest VC category, period.
That said, Oregon lags in VC overall. Mike Rogoway with the Oregonian provided his running tally of Oregon VC investments (across all categories). The list does not include a single cleantech deal. Cleantech has been primarily driven by economic development efforts thus far in Oregon.
Rogoway’s list is missing solar tech company Azuray’s $8MM deal. (Greentech Media includes the Azuray deal in its Q2 2009 list, however, it was announced earlier). Arguably Oregon should get credit for the Plas2Fuel deal as well, although the company is based in Kelso. OK, we’re stretching things here…
We’ve been hearing some positive things about potential cleantech deals in Oregon. Hopefully, we’ll be able to add a bit to the VC scoreboard.
Portland-Salem #8 for Clean Tech Jobs « CleanOregon said
[...] definitely getting attention on the national and international stage. As we have written before (here, here and here) and the Clean Edge report bears out, Oregon has done well in clean tech economic [...]