NAPA – Global financial backing for next-gen material companies increased in 2023 with the industry reporting an 8.6% rise in investment funding, according to a new report.
The report, ‘Next-Gen Materials 2023’ from the Material Innovation Initiative (MII) also noted that the increase was especially significant given overall global venture capital funding fell 42% and deal count fell 30% to reach a six-year low, indicating, it said, the significant interest and potential the market sees in next-gen materials.
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