By Silicon Valley / San Jose Business Journal

Over the next five yeas, interest and investment in cleantech is expected to increase, according to a Cooley LLP survey on Wednesday.

However, only 18 percent of those cleantech executives and investors polled think that the federal government will play a larger role in funding cleantech innovation going forward. About 40 percent think the government will play a smaller role, and 42 percent think it will stay relatively unchanged.

The survey polled 128 cleantech leaders.

⿿Our survey confirms there is an overwhelming belief by cleantech investors and entrepreneurs that private sector investment in cleantech will continue to rise. I believe that this studied enthusiasm is based on the fact that we are still just at the beginning of a multi-decade energy transformation,⿝ said Tom Amis, co-chair of Cooley's Clean Energy & Technologies practice, in a prepared statement. ⿿Yet, the near term certainly presents some challenges for both investors and entrepreneurs.⿝

Click here to read the press release from Cooley.

Written by Lisa Sibley. She can be reached at 408.299.1830 or

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