Hub71’s Impact through Cleantech Investments
Cleantech is a term that was popularized in the early 2000’s, as an umbrella term to describe the ‘green and clean’ technologies coming to market then. At this time, venture capital investors were turning to cleantech investments in increasing numbers as the next big thing in tech-investing, after the dot-com bubble burst in 2001.
Unfortunately, with the onset of the 2008 global financial crisis (GFC), cleantech experienced its own collapse. Thanks to cheap oil, low public interest, and slow-to-react governments around the world, cleantech investments did not experience much of a recovery for some time. However, in the past five years, we have started to witness an uptrend in climate tech investments. Climate tech is a sub-segment of
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