FierceBiotech reports that according to a recent survey of more than 350 venture capitalists, entrepreneurs, corporate buyers, investment bankers and research analysts, KPMG, LLP (the U.S. audit, tax and advisory firm) found that 51 percent of respondents expected venture capital activity to continure rising in 2008. Of those surveyed, 24 percent indicated that greentech/cleantech sectors will likely receive the most capital over the next two years, followed by biotech/pharmaceuticals (15%), Internet services (13%), and mobile technology (11%).
Outside the U.S., investors are looking to the emerging markets in China and India as investment favorites. Over 64 percent of respondents indicated that China and India are the most attractive locations for entrepreneurs to find funding, while 61 percent of those surveyed expect both to have increased IPO activity over the next two years.
The investors surveyed also expect rising merger and acquisition activity in the next year. Forty-nine percent expect an increase, with 33 percent believing it will be about the same levels, and only 11 percent foreseeing a decrease in deals during the period.
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KPMG LLP, the audit, tax and advisory firm (http://www.us.kpmg.com/), is the U.S. member firm of KPMG International. KPMG International's member firms have 123,000 professionals, including more than 7,100 partners, in 145 countries.
