Gates’ Climate Firm Sets Sights on Developing World (Correct)

The clean-tech investment firm founded by Bill Gates, Breakthrough Energy, needs to fund more companies in the developing world, Executive Director Rodi Guidero said.

Breakthrough manages $4.5 billion it devotes to technology companies trying to cut greenhouse gases. But of the firm’s 165 portfolio companies, only a handful are based outside North America and Europe, Guidero said Wednesday on Bloomberg TV.

“We need to expand that,” Guidero said. “Innovation has to happen everywhere.”

Rodi Guidero in London, on June 26.

Photographer: Hollie Adams/Bloomberg

The firm has launched a version of its fellows program in Singapore, which Guidero said will be “a case ...