A July report by MIT Energy Initiative, <a href="http://energy.mit.edu/wp-content/uploads/2016/07/MITEI-WP-2016-06.pdf" target="_blank">"Venture Capital and Cleantech: The Wrong Model for Clean Energy Innovation (PDF),"</a> has compared the performance of venture capital (VC) in the software, medical and cleantech sectors. The results showed VC is not the right model for investments in the cleantech sector. Public funding is crucial at the beginning of projects.