Climate-KIC names Carbon Delta the #BestClimateVenture of 2016

The fintech startup from Zurich was declared the winner at European finals of the Venture Competition 2016 and will receive €80,000 in funding.

This Tuesday (8 November) Climate-KIC hosted the Climate Innovation Summit in Frankfurt, Germany. One of the highlights of the event was the 2016 Venture Competition which saw 15 of Climate-KIC’s most promising startups compete for funding.

Carbon Delta came first place in the competition winning €80,000 to help grow their climate venture. The startup identifies and analyses the climate change resilience of publicly traded companies. They have developed a proprietary evaluation system that helps investors assess climate risks in their portfolios, allowing them to identify how much a company’s value is possibly affected by climate change.

The Venture Competition, hosted by Climate-KIC, brings together the 15 most successful start-ups within the Climate-KIC Accelerator. The Climate-KIC Accelerator programme identifies, funds and nurtures cleantech entrepreneurs from across Europe with transformational business ideas to successfully manage the issue of climate change.  The Venture Competition takes place over nine country heats, in which the most promising start-ups are filtered out from countries across Europe.  The 15 finalists are selected based upon their potential to become successful commercial entities capable of mitigating or adapting to climate change. 

The participants pitched to a renowned panel of judges on the real-world criteria of their innovations including feasibility, scalability, job creation and climate impact. The judging panel included, Murray McCaig, Dr. Alois Martin Flatz, and Robert Schrimpff.

Second place went to SiOX, a nordic based startup that has developed a technology that has made glass-on-metal flexible coating possible, effectively protecting metal from corrosion and fouling. SiOx’s NANOmel silica coating reduces fouling and corrosion by more than 50 per cent, without reducing the thermal efficiency of the heat exchanger. SiOX were also granted €50,000 to help take their startup to market.

An artist's impression of the Venture Competition finals drawn live during the pitches
An artist’s impression of the Venture Competition finals drawn live during the pitches

Find out more about the competition in the press release.