California champions cleantech venture capital funding

California was responsible for raising 57 percent of all cleantech venture capital funding nationwide last year, totaling $2.8 billion, according to a recently released analysis from Ernst & Young, as reported in the Los Angeles Times.
“It’s a good indicator of the innovation that can be found here and of the opportunities available in California,” Mark Sogomian, an Ernst & Young partner and leader of the Los Angeles cleantech group, says in the article. The state has that “secret sauce that allows companies to grow and develop and gain capital.”