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