Interview Opportunity - Canadian clean technology companies poised to win big: Ernst & Young Report

    TORONTO, Oct. 23 /CNW/ -

    What: Venture capital investment in clean tech companies for 2007 will
likely increase more than 35 percent over last year, according to mid-year
research by Ernst & Young and Dow Jones VentureOne. This explosive global
demand is good news for Canadian clean tech entrepreneurs. Ernst & Young's
specialists say companies that arm themselves with the right information will
have unprecedented opportunities to capitalize on a massive influx of venture
capital. Hundreds of experts will gather this week at the international
Cleantech Forum XIV in Toronto to address exactly that, and learn how they can
make the most of current market conditions.

    - Ernst & Young's new report shows clean tech's global share of overall
venture capital investments has more than doubled since 2001. Essentially,
clean technology has moved from vision to reality.

    - Still, public policy issues cloud the clean tech landscape. Governments
continue to debate their vision and establish business incentives for adopting
clean technology. The path to choose is not always clear for Canada's clean
tech entrepreneurs.

    - That means Canadian companies with the right insight will only benefit
in the years to come as the sector continues to mature and the path from
investment to exit becomes clearer for investors, Ernst & Young's specialists

    Who: Ernst & Young's strategic growth markets team can speak to the
options available for Canadian clean tech entrepreneurs, and shed light on the
national and international Landscapes of this evolving industry.

    Ernst & Young, a global leader in professional services, is committed to
restoring the public's trust in professional services firms and in the quality
of financial reporting. Its 114,000 people in 140 countries pursue the highest
levels of integrity, quality and professionalism in providing a range of
sophisticated services centred on our core competencies of auditing,
accounting, tax and transactions. Further information about Ernst & Young and
its approach to a variety of business issues can be found at Ernst & Young refers to the global organization of member
firms of Ernst & Young Global Limited, each of which is a separate legal
entity. Ernst & Young Global Limited does not provide services to clients.

For further information:

For further information: or to speak to an Ernst & Young spokesperson,
please contact Megan Bailey at (403) 206-5037 or or
Amanda Olliver at (514) 874-4308 or

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