This is where the cleantech grows
As interest grows in solar and wind power technology development, alternative fuels and “green” buildings, some cities are encouraging investment in environmentally friendly businesses. San Francisco-based SustainLane Government recently researched the top five cities for “cleantech incubation clusters,” groups of government agencies and businesses that support research in low-emission or emission-free energy production and environmentally friendly products. According to SustainLane, abundant start-up venture capital, a network of investors, collaboration with academic or federal laboratories, active state or local participation and incentives are needed to form a cleantech incubation cluster. Based on those factors, the group identified Austin, Texas’, Clean Energy Incubator program as the strongest supporter for new “green” businesses.
Top five “cleantech incubation cluster” cities
- Austin, Texas
- San Jose, Calif.
- Berkeley, Calif.
- Pasadena, Calif.
Source: SustainLane Government, Feb. 16, 2007