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March 1st, 2007

Austin Named #1 Cleantech City in U.S.

Abstract:
Austin, Texas, home to seven start-ups developing technologies like internet-controlled irrigation and wind and geothermal energy technologies, stands out as the leading city for cleantech investments. Austin features the Clean Energy Incubator, a university- and government-funded project to help clean energy companies grow, and the city also leads the field with combined venture capital, an R&D partnership through the University of Texas, and active incubator collaboration with city-owned Austin Energy for testing new Cleantech technologies.

The other cities in SustainLane's top-five rankings are:

* 2. San Jose, Calif. Draws upon strong existing Silicon Valley semiconductor engineering base and IT venture networks. Focus is on solar energy and nanotechnology.

* 3. Berkeley, Calif. With a new $500 million biofuels research center funded by British Petroleum at the University of California at Berkeley, Berkeley also hosts the federal Lawrence Berkeley Laboratory.

* 4. Pasadena, Calif. The home of California Institute of Technology also features NASA's Jet Propulsion Lab and an active network of angel investors backing a broad range of renewable energy start-ups.

* 5. Greater Boston, Mass. With state-funded renewable technology grants and dozens of regionally based start-ups, Cambridge's Massachusetts Institute of Technology (MIT) appears to be the epicenter of a potent metro-area cluster.

Source:
greenbiz.com

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