What is the Economic Climate for Investing?
Jeanette Jackson, CEO of Foresight led a panel discussion “Investing after COVID-19” where investors spoke about the investment climate in cleantech. Overall, despite the current COVID-19 crisis that is putting the reins on the economy, the panel believed it was a good time to invest.
The economic crisis is different from 2008 Great Recession in that the banking sector is not at risk. In fact, they believe that Cleantech is more economically viable overall now due to several issues:
- Energy Demand is still high, and growing
- Oil Demand is dropping
- If the project/technology was viable pre-crisis, it will be viable post-crisis
Investors will be looking at a 2 year runway on balance sheets, syndicate deals and partnerships, revenue sharing models, and for the next while will be focused on their existing portfolio companies and making sure they can weather the storm.
It’s more important now than ever to showcase the talent and technology behind the growing ecosystem of investment-ready cleantech companies in Western Canada. Here’s a list of some of the highlights.