Some cool news today
A report released this week by visiongain says wireless venture capital has seen steady growth since 2000 and is poised to hit an all-time high this year.
In general, the report says, venture capital investments are trending downward. Wireless technology, however, is the exception.
During 2005, 152 wireless-related companies received $1.3 billion in funding, a 24-percent increase over 2004′s $1.1 billion. Wireless accounted for 7 percent of total venture capital investment last year, a figure visiongain predicts will rise in 2006 and beyond. The firm says most telecom investment today – about 60 percent – is based in wireless technologies such as networking, infrastructure, semiconductors, mobile computing, content and services.