A new venture capital firm in Boise is aiming to invest in clean- tech startups. Helmed by semiconductor industry veteran Eric Hansen, August Ventures' stated strategy is to target early-stage firms in the renewable energy, energy storage, energy efficiency and advanced materials sectors.
The company believes opportunities are emerging from an increased focus on global climate change and trends in global energy consumption, as well as a dearth of talent cut loose during the recession.
According to August Ventures' Web site: "Recently, there has been an emergence of a number of cleantech focused funds, we believe most cleantech funds will migrate beyond early stage investments as substantial institutional capital continues to flow into the sector; as these funds get larger, deploying small amounts of capital in individual companies becomes challenging. August Ventures will target companies needing early stage institutional round of up to $1 million to commercialize and expand their current businesses."
