Microsoft co-founder Bill Gates announces $1bn global clean tech investment fund

Dec 13, 2016 · http://techcitynews.com

Screen shot 2016 12 13 at 06.31.41

UK clean tech startups could benefit from a $1bn investment global fund announced by Bill Gates.

Gates will lead a group of heavyweight investors – whose combined wealth totals approximately $170bn – including Virgin Group founder Sir Richard Branson, Amazon’s Jeff Bezos and Jack Ma, the founder of Chinese e-commerce giant Alibaba.

Microsoft’s co-founder told Quartz that the fund, called Breakthrough Energy Ventures (BEV), could invest in "anything that leads to cheap, clean, reliable, energy".

"People think you can just put $50m in and wait two years and then you know what you got. In this energy, space, that’s not true at all," the billionaire entrepreneur added.

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