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Alternative energy investors with Michigan connections could prove vital

Wednesday, September 09, 2009

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Ann Arbor

Alternative energy looks to be the latest avenue to bring Silicon Valley-style talent and resources to Ann Arbor.

Excerpt:

The role of risk takers in boosting Michigan�s entrepreneurial economy cannot be understated.

Without risk, our economic turnaround efforts could stagnate or falter. Thus why outside investors such as renowned clean tech venture capitalist Vinod Khosla can have a significant impact on Michigan's economy.

The Silicon Valley-based Khosla, one of the key investors in Ann Arbor-based vehicle battery startup Sakti3, is pooling $1.1 billion into two new investment funds to boost alternative energy technology and information technology companies, the New York Times reported today.

Read the rest of the story here.