{"id":2156,"date":"2016-12-12T07:27:35","date_gmt":"2016-12-12T07:27:35","guid":{"rendered":"http:\/\/www.rsoftsolution.com\/blog\/bill-gates-jeff-bezos-and-18-others-commit-1-billion-to-new-cleantech-fund-breakthrough-energy-ventures.html"},"modified":"2016-12-12T07:27:35","modified_gmt":"2016-12-12T07:27:35","slug":"bill-gates-jeff-bezos-and-18-others-commit-1-billion-to-new-cleantech-fund-breakthrough-energy-ventures","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/bill-gates-jeff-bezos-and-18-others-commit-1-billion-to-new-cleantech-fund-breakthrough-energy-ventures.html","title":{"rendered":"Bill Gates, Jeff Bezos and 18 others commit $1 billion to new cleantech fund, Breakthrough Energy Ventures"},"content":{"rendered":"


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Bill Gates, Jeff Bezos, Vinod Khosla, Jack Ma, John Doerr and 15 other high-profile investors have formed a new venture firm, Breakthrough Energy Ventures<\/a>, that will pour at least $1 billion into cleantech companies over the next 20 years.<\/p>\n

The firm\u2019s goal, according to its own website will be: \u201cto provide everyone in the world with access to reliable, affordable power, food, goods, transportation, and services without contributing to greenhouse gas emissions.\u201d<\/p>\n

BEV will invest in tech ventures at any stage, from seed through commercialization. The deals will focus on\u00a0electricity, manufacturing, agriculture, buildings and transportation.<\/p>\n

Cleantech was once the rage in Silicon Valley, with\u00a0total venture capital dollars invested in clean tech hitting $6.1 billion in 2008 before the recession. But cleantech became a dirty word following the cratering of startups\u00a0that had taken venture capital, as well as significant amounts of\u00a0government loans, grants, subsidies or tax credits.<\/p>\n

Along with scores of others that shut down, failing to save the planet or to\u00a0realize meaningful returns for investors were: solar panel makers Solyndra; Aptera, which attempted to make highly fuel-efficient cars; and waste-to-fuel company Kior. (Remember them?)<\/p>\n

But a burgeoning world population, and energy demands that are growing along with it, are driving up demand for technology that can help people produce more of what they need with fewer resources. So cleantech is drawing investments<\/a> again, even if some VC\u2019s avoid labeling their portfolio companies\u00a0as such.<\/p>\n

BEV\u00a0is the formal, venture investing initiative of the Breakthrough Energy Coalition, a group announced at the 2015 Paris Climate Change Conference.<\/p>\n

The group, comprised of tech and finance all-stars, pledged to invest in early-stage startups in nations that were ramping up their\u00a0public, RD funding for cleantech, to reach a collective $30 billion by 2020.<\/p>\n

Besides making its venture fund known today, BEV published a framework today called the \u201cLandscape of Innovation,\u201d<\/a> which it intends to be \u201ca guide to other public and private investors committed to reducing global greenhouse gas emissions.\u201d<\/p>\n

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Article source: https:\/\/techcrunch.com\/2016\/12\/11\/bill-gates-jeff-bezos-and-18-others-commit-1-billion-to-new-cleantech-fund-breakthrough-energy-ventures\/?ncid=rss<\/p>","protected":false},"excerpt":{"rendered":"

Bill Gates, Jeff Bezos, Vinod Khosla, Jack Ma, John Doerr and 15 other high-profile investors have formed a new venture firm, Breakthrough Energy Ventures, that will pour at least $1 <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[17],"tags":[23],"class_list":["post-2156","post","type-post","status-publish","format-standard","hentry","category-networking-and-communication","tag-network-and-communication"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t