SAN FRANCISCO — Cities from Austin, Texas, to Toledo, Ohio, are trying hard to become the next Silicon Valley for environmentally sensitive “clean” technology. But most of the seed money for the next big thing in high tech is still going where most venture-capital funding has historically gone — to Silicon Valley.
A study from Dow Jones VentureSource indicates that more than half of clean-tech venture capital in the United States last year, $1.3 billion, went to California firms.
The study found the No. 2 state for venture-capital deals was Massachusetts, with 11 deals worth $273 million, and No. 3 was Colorado, with eight deals worth $64 million. Most of the Colorado companies were in the Boulder area.
Nationwide, 159 clean-tech companies received about $2.5 billion in funding.
