In an interview with "Globes", Beilis voiced optimism about the fund, and said the challenges in cleantech were many. "There's now more air pollution, natural resources are dwindling, and technological products can provide solutions that will reduce the risks, while generating profits. Cleantech is enjoying broad support, regulation is conducive to its growth, public opinion is favorable, and large corporations are willing to invest in it."
Globes: How big is this field?
Beilis: "It's big, and it's also seeing tremendous growth. For example, it is estimated that the water market will reach $500 billion in 2010, and $1 trillion by 2020. The energy market is expected to reach $430 billion in 2010, and $1.9 trillion in 2020.
Who invests in this field?
"Venture capital and private equity investment grew from $1.1 billion in 2002 to $18 billion in 2006. In 2006, venture capital investment in cleantech totaled $1.6 billion, 43% of total venture capital investment. Research companies predict that cleantech will need $3.4 billion in investment in 2009."
