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Chinese-backed advisory firm BMYG launches $50m fund for offbeat startups

The new fund is being set up in response to escalating demand from its client base, who are aiming to take more risk with their portfolio and diversify away from traditional investments in Australia, such as property.

Can Obama transform the US into the world’s clean tech nirvana?

US President Barack Obama is hoping to pull his nation out of its economic funk by turning it into a "green machine". But he faces an uphill battle transforming his land of opportunity and hyper-consumption in the face of entrenched interests, scepticism and inertia. However, there is cause for hope. As this report from The SMH's Washington correspondent Anne Davies reveals, Californian venture capital firms are hot for clean tech.

Can Obama transform the US into the world's clean tech nirvana?

US President Barack Obama is hoping to pull his nation out of its economic funk by turning it into a "green machine". But he faces an uphill battle transforming his land of opportunity and hyper-consumption in the face of entrenched interests, scepticism and inertia. However, there is cause for hope. As this report from The SMH's Washington correspondent Anne Davies reveals, Californian venture capital firms are hot for clean tech.

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