Survey respondents also said a major challenge was finding big customers in the global market.
71% of Israeli cleantech entrepreneurs consider their greatest challenge to be raising capital for their ventures, according to a Deloitte Brightman Almagor Zohar survey. 55% of respondents said that th biggest challenge was finding big customers in the global market, and 39% said that it was government regulation.
32% of the respondents said that recruiting trained manpower was also a major challenge. 37% said that engineering positions were the hardest to fill, 27% cited sales managers, and 20% said business development managers.
The survey aimed at creating a picture of the contemporary condition of the cleantech industry and the barriers facing it.
The survey found that the main source of financing for cleantech companies was the founders' own capital. 29% of respondents said founders' capital and current operations are cleantech companies' main source of financing, and 23% cited venture capital funds.
Published by Globes [online], Israel business news - www.globes-online.com - on January 3, 2011
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