Maintech not Cleantech
The Churchill club had its annual Top Tech Trends event to discuss what will fail or take flight. Vinod Khosla, founder of Khosla Ventures, proposed that the solution to environmental problems can't be cleantech, it must be what he calls maintech. If we are going to solve the global environmental problems, it can't be through fringe clean technologies that require government subsidies. The solution must be based in capitalism where the technologies make profits.
Khosla's venture portfolio includes companies that are reinventing basic infrastructure technologies such as cement and plastics in the belief that improvements in these areas will benefit the environment and turn a profit. Instead of computer science engineers, Khosla is focusing on traditional chemical science and engineering. He jokingly commented that he is one of the few Indians insourcing jobs to the U.S.
His comments were captured by TechPulse 360 in this video: