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Clean technologies propel venture capital funding

Shrugging off credit-related economic woes, venture capitalists bet heavily on new companies in the third quarter, driven by opportunities in clean technologies, software and biotechnology.

But Washington companies didn’t attract as much cash as in the recent past, as new funding for local biotech plummeted. An Ernst & Young/VentureOne report ranked the state in eighth place by dollar amount received, down from third in the second quarter.

By Ángel González

Seattle Times business reporter

Full Story: http://seattletimes.nwsource.com/html/businesstechnology/2003963284_venturecapital20.html

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