Technology News: Wireless venture capital is about to hit an all-time high

"Investments in wireless technology maintained strong growth recently and are bucking the general venture capital investment trends that have witnessed overall decline from 2000 to 2005.

The portion dedicated to wireless investments is on the increase, and will continue to do so, hitting an all-time high in 2006. These are the findings from the latest report by telecoms industry research firm visiongain, entitled 'Venture capital in wireless and telecoms: Funding technology innovation'.

Wireless was a significant growth sector for venture capital investment in 2005. During 2005, 152 wireless-related companies received $1.3 billion in funding, a 24% increase over 2004's $1.1 billion. Wireless accounted for 7% of total VC investment last year, a figure that will rise in 2006 and beyond. The bulk of telecom investment today - around 60% - is in wireless and related technology, including networking, infrastructure, semiconductors, mobile computing"