NYT: Venture Capitalists Return to Backing Science Start-ups #energy #venture

It’s good to see capital coming back into energy and industrials. This time around, the money is smarter—focusing on smaller pilot projects, leveraging software, and partnering strategics with different return expectations:

After years of shying away from science, engineering and clean-technology start-ups, investors are beginning to take an interest in them again, raising hopes among entrepreneurs in those areas that a long slump is finally over. But these start-ups face intense pressure to prove that their science can turn a profit more quickly than hot tech companies like Snapchat and Uber.

Overall, industrial and energy start-ups attracted $1.24 billion in venture capital financing in the first half of 2014, more than twice as much as in the period a year earlier, according to statistics from the National Venture Capital Association. Still, investment remains well below peaks reached in 2008, when industrial and energy start-ups attracted $4.64 billion.

The full article can be found here.