In the latest post on the MaRS blog, Max Naylor examines the current state of cleantech, writing:
Canada’s cleantech industry stands at a crossroads. While the challenges that clean technology startups face are real, they are not impossible to overcome. The numbers in “The 2011 Canadian Clean Technology Industry Report” by Analytica Advisors help paint the picture.
Of course, the cynics out there can also use these numbers. It’s true the report indicates that 92% of the cleantech industry is made up of small- and medium-size enterprises generating less than $50 million in revenues and that 60% of the industry reported revenues under $5 million. It’s also true that 2010 counted division revenues from foreign-owned companies as 14% of the total revenue.
Full article: www.marsdd.com/2012/06/05/cleantech-is-at-a-crossroads