IT sector hurting but industry will remain a magnet for venture-capital investment.
The global recession has hit the information and communications technology industry hard. But research and development in the sector is performing solidly, according to a report issued last month by the Organisation for Economic Co-operation and Development. The organization, which collects economic and science-policy information, among other responsibilities, represents 30 nations worldwide.
The report found that venture-capital investment in the sector has markedly slowed since mid-2008. But it continues to flow into clean technologies in the sector, an area that should continue to receive a major share of venture capital, the document predicts.
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IT sector takes a hit. Nature 461, 299 (2009). https://doi.org/10.1038/nj7261-299e
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DOI: https://doi.org/10.1038/nj7261-299e