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It also received its early stage finance from the U.S. Venturecapitalists entered only after government funding had gotten the company to the critical proof of concept. It is not by accident that the National Institutes of Health spends $31 billion a year on supporting innovation in biotechnology and pharmacology.
Many venturecapitalists are limiting their investments to the "demand-side" — aimed at reducing energy use — rather than investing in startups trying to change the way we produce energy. Their behavior displays promising parallels to the early days of the biotechnology industry.
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