White House guests reflect green-tech commitment
Date: 03/23/2009
Company: RockPort Capital, Solyndra
Source: C-net News
When the president announced on Monday a $1.2 billion investment in science research at national labs, he spoke at the White House before a select group of companies that reflect his commitment to reviving the economy through investments in green technology.
Representatives from more than two dozen companies joined an audience of lab directors and researchers to hear the president commit to funding projects that can spur job creation in the green-tech sector. The companies present mirrored the president’s goals: there were many venture capital firms that have helped establish successful clean-energy companies, start-ups waiting for late-stage investments, and large companies that could represent the success possible.
“Progress is rarely easy, and I know people in this room understand that,” Obama said. “Sometimes the funding dries up, or the investors walk away. Sometimes you have to fail before you can succeed. And often it takes not just the commitment of an innovator, but the commitment of a country to innovation.”
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