RBC sponsors Cleantech Growth & Go-to-Market Report
Global demand for clean technologies has grown substantially
in the last five years. This growth is being driven by rising
energy and water costs, concerns with climate change and public
demand for environmental protection. Global investment in
clean technologies is also increasing at a rapid rate and
is the fastest growing area of venture capital investment.
In 2008, global venture capital investments in clean technology
companies was approximately $US 8.4 billion globally, up 38%
from $6.1 billion in 2007.
In February 2009, OCETA and the Russell-Mitchell Group released
the Cleantech Growth & Go-to-Market Report on Ontario's
clean technology , in collaboration with Sustainable Development
Technology Canada (SDTC) and the Ontario Government, and sponsored
by RBC and number of industry organizations.
The report found that Ontario's clean technology industry
is poised for growth, and is comprised of companies that manufacture,
develop and sell competitive products. Despite this promise,
these companies face key challenges in becoming globally competitive
- including lack of growth capital, weak domestic demand,
and a small pool of management experienced in product commercialization.
The report recommends key measures to enhance Ontario's clean
technology industry, including: improving commercialization
capacity; creating access to more equity capital; and driving
domestic demand. These measures will help make the industry
more competitive, create high-paying jobs, and contribute
to Ontario's and Canada's economic prosperity.
To download a copy of the report, visit www.cleantechnologyreport.ca.
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