Monday, January 14, 2008

Silicon Valley Bank Creates Cleantech Practice

Santa Clara-based SVB Silicon Valley Bank said Monday that it has formed a dedicated cleantech practice focused on the cleantech industry. The firm provides banking services to emerging and venture capital backed companies. SVB said that it has appointed Quentin Falconer to lead business development efforts for the bank in the sector. Falconer has been at SVB since 1999. According to SVB Silicon Valley Bank, the firm banks half of all venture backed companies nationwide.