Venture capital investment and government grants fuel the greentech explosion in the United States. However, due to the recent economic downturn, money from venture capital has been dwindling to a trickle. In fact, many predict that as much as half of U.S. venture capital firms will disappear as a result of the current economic downturn (House Select Committee on Energy Independent and Global Warming – testimony of Robert T. Nelsen July 29, 2009).
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