Climate Tech Updates

Updated: Feb 25

Take a look at what happened in the European climate tech startup ecosystem last week! 👀

Funds 💠Polestar Capital announced the launch of the biggest circular economy fund in Europe. The fund has opened at €100M, and expects to grow to €400M within a year and will extend loans to innovative Dutch circular economy projects, thereby facilitating finance that is urgently required but hard to obtain elsewhere.

Interesting stuff 🗝 Take a look at these 26 job opportunities to help shape a climate-positive future. Check the comments and this link for more climate careers. 🔬 Shared e-​scooters and e-​bikes transport the image of a climate-​friendly mobility solution. ETH researchers have now shown that shared micromobility solutions in Zurich emit more CO2 emissions than the alternatives they replace. Learn more about this research.

🦋 Why is everyone so excited about climatetech? Climate change mitigation is turning into a mainstream strategy as the urgency to reach net-zero is real. Governments, countries, cities and businesses are developing new strategies to reach net zero commitments in efforts to achieve the Paris Agreement’s goals.

Ecosystem 🏝 Over the last few years, a fast-growing number of FinTech startups have been founded, using technology to help the financial sector rise up to its climate challenges. CommerzVentures released its second report on Climate FinTech that provides a quantitative overview by analyzing funding dynamics across geographies, sub-sectors and company stages. Through bottom-up research in databases, relevant publications, and based on information CommerzVentures received from founders, it identified 292 Climate FinTechs across Europe and North America with scalable business models (ie. “VC cases”).

🚲 The European transport sector has witnessed massive changes due to the advent of technology and a global drive to move to more sustainable, greener, and more accessible choices. Startups have the potential to lead the way to a mobility revolution, and 2021 saw a breaking record for investment in European mobility startups of all stages. Check 10 exciting European startups shaping the mobility sector in 2022. Events 🌲 Join Geco’s virtual fair on sustainability for an opportunity to grow your network. Inside, visitors and exhibitors will be able to move freely, visit stands and environments with their own avatars. You can interact by carrying out various activities such as meetings, workshops, and round tables. Participating is free, just register your profile on the GECO portal. 💧 Join Leaders for Climate Action in an event to inspire people to take climate action. In collaboration with 500+ digital companies & partners, Leaders for Climate Action will aim to inspire 100M people to take meaningful climate action, from moving their money out of fossil fuels to switching to green energy. Sign up today!

Releases 🔋 electricityMap, a startup computing the origin of electricity and its associated emissions just added the USA to its electricity live map. 📄 The New Climate Institute released its Corporate Climate Responsibility Monitor (CCRM) report. The firms analysed account for 5% of global greenhouse-gas emissions, the report says - which means although they have a huge carbon footprint, they have enormous potential to lead in the effort to limit climate change.

Milestones 🛵 Dutch e-mobility giant, GO Sharing brings 500 new e-mopeds to Rome making mobility even more sustainable in the Italian capital. This follows the company’s announcement in December 2021 to take the majority stake of Zig Zag Sharing.

Open calls

💥 Don’t miss out on your chance to apply for the RESPOND Accelerator 2022 – cohort #3. The RESPOND Accelerator is a 6-month startup accelerator program that systematically advances how entrepreneurs lead, grow and scale sustainable businesses. The program is seeking sustainable business models that systematically address: The future of Work, Sustainable Urbanization, and a Responsible Economy.

🔍 Katapult Climate has now opened applications for its Climate Accelerator Program. Katapult is looking for 10 ocean and 10 climate impact tech startups to join its 2022 accelerator program. The program will invest $150k - $500k upfront and will invite all the 20 companies to a 3 months accelerator program.

🏆 Imperial College London is an Official Nominator - one of +300 partners from around the world who will submit nominations to the prestigious Earthshot Prize. The college is looking for individuals, communities, businesses, and organizations whose solutions make the most progress towards achieving the five Earthshots – simple but ambitious goals that, if achieved by 2030, will improve life for us all for generations to come.

💰 New funding opportunity for Net Zero small businesses and start-ups in the UK.

Innovate UK has launched an SBRI competition for innovators working on open solutions for Net Zero, Organisations can apply for a share of £1.2M. Get up to £300k for solutions that help to deliver Net Zero through open data, software, or hardware.

💡 Do you have a digital idea or solution to make cities and communities climate-smarter and more sustainable? Apply and participate to receive funding, mentoring, and access to key players and networks in business, academia, science, and politics. You can either submit a digital solution you’re already working on and want to apply to a specific Challenge or submit a scalable idea you believe has the potential to make cities more climate-smart.

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