Climate Tech Updates

Updated: Jan 5

What happened last week in the Climate Innovation Ecosystem (28.12.2021-04.01.2022)





Ecosystem



Between 2018 to 2020, Europe’s plant-based food industry grew astronomically by 49%, amounting to total sales of €3.6 billion. The plant-based food market is still just getting started as food science and technology will still progress in the years to come and will result in more innovative products coming to the market. Don’t miss out on this list of 10 vegan meat alternative brands from Europe.



Europe’s “planet positive” startups raised a record $10bn in funding, according to Atomico’s State of European Tech report, up from just $5.4bn in 2020. From startups making sustainable fertiliser from urine to cooking up lab-grown foie gras, Sifted has curated a list with the deals that grabbed their attention last year. Make sure to check them out!



Open calls



Are you a startup working with novel materials, bioresources, agriculture and CO2 offsetting and looking for an investment to grow your innovative solution? Apply to the Beamline accelerator program for a chance to participate in a ​​1-month pre-accelerator, a 3-month hands-on program and to win €25k cash per startup team.






Milestones



Estonian tech company Ridango has just announced it has acquired a 100% stake in LIT Transport, a Slovenian based firm providing IT solutions for public transportation. While Ridango already operates in Estonia, Sweden, Finland, Lithuania, Norway, Ukraine, and Greenland, this deal will enable them to bring its ticketing, transit management and payment solutions global. The new group now operates across over 25 countries.



Funds



Canada-based financial institution CIBC announced that it will invest $100M in limited partnership investments in climate tech and energy transition funds. According to CIBC, the move will advance the bank’s contribution to enable a more sustainable future, through investment in funds targeting the acceleration of climate action through the development of new climate innovations.



Podcast



Hear from 13 women creating, investing and supporting clean tech innovation on The Tech 4 Climate Podcast.




Interesting reads



According to Techcrunch, VC has a pivotal role to play in the climate fight, but it can’t do everything. There is a need to remember that tech and venture funding is only one piece of the puzzle in addressing climate change. There is a need to scale cleantech solutions unnaturally fast in order to combat the relentless march of climate change, and VC is not well structured as a sector to address some of those key challenges. Find out more!




Learn more about the three factors every climate tech investor should consider: a founder’s psychology and experience, the company’s technical moat, and the techno-economic model.



How has business in the Amsterdam Area contributed to making a better world? Take a look at some of the sustainability moments of the year from startups, corporates and public institutions addressing climate issues. The initiatives range from building an international hydrogen hub to planet positive technology