Climate-KIC start-ups raise €59 million in external funding

Climate-KIC has today (2 October) announced that its unique Accelerator, launched in 2010, has so far helped 45 European cleantech start-ups to collectively raise €59 million in external investment.

[VC14news]

The 45 start-ups represent technologies from consumer-facing apps to highly specialised techniques for improving the resource efficiency of industrial processes. This diversity demonstrates an increasing trend for investors to engage with a much wider range of clean technologies that incorporate energy, material and resource efficiency as well as adaptation technology.

The Climate-KIC Accelerator supports over 120 start-ups in Europe each year, offering unique access to ideas, people and partners across Europe to help provide the most promising cleantech start-ups with the tools, opportunities and network to transform their ideas into commercial success. By giving start-ups access to its network, workshops, business coaches and early stage funding, Climate-KIC is helping to deliver investable cleantech start-ups to the market – helping to make the world a greener place one venture at a time.

Hero Prins, Entrepreneurship Director, Climate-KIC

Hero Prins, Entrepreneurship Director, Climate-KIC

Hero Prins, Director of Entrepreneurship at Climate-KIC commented: “As the €59 million raised by our Accelerator alumni has demonstrated, Climate-KIC is at the forefront of the global efforts to maximise climate innovation and entrepreneurship. Ultimately Climate-KIC believes that entrepreneurs and innovators hold the key to responding to the climate challenge.”

Prins added: “Overcoming climate change should not stifle innovation, but instead it should create new businesses, new economic models and new opportunities, ending our reliance on the economics and thinking of the last century. Climate-KIC was created to fulfil this vision. These success stories show the value of our unique approach, and we are all looking forward to seeing the next batch of standout European cleantech innovation at this year’s Venture Competition. Undoubtedly the winners will be companies to look out for.”

Hybrid solar panel

One of the 45 start-ups, UK-based Naked Energy, is developing ‘Virtu’ ® a revolutionary and patented hybrid solar panel that generates both electricity and heat for commercial and residential applications. Naked Energy has previously won Climate-KIC’s Venture Competition, that recognises the most promising business ideas within Climate-KIC’s Accelerator, and earlier this year the company announced that it had been awarded €1 million by The Department of Energy & Climate Change (DECC) to assist in the development of its innovative solar technology.

Naked Energy's Christophe Williams (middle)

Naked Energy’s Christophe Williams (middle)

Commenting on the support the company received from Climate-KIC, Christophe Williams, Founder and Managing Director of Naked Energy said: “When we first engaged with Climate-KIC we were very early stage, but straight away its team was able to see the innovative value of our technology. Throughout the Accelerator process, whether with financial support or coaching, Climate-KIC has been invaluable in helping us to achieve our milestones, which is crucial for early stage companies in developing customer engagement. Ultimately this support has enabled us to get to a point where we are now actively looking for production partners to manufacture our products in Europe.”

Intelligent climate control for consumers

 

Tado

Tado

tado°, the European market leader in intelligent climate control for consumers, enrolled in the Climate-KIC accelerator in 2012 and was named a runner up in the 2012 Climate-KIC Venture Competition. tado° has now raised €10 million in VC funding.

Highlighting the value of accessing Climate-KIC’s network of partners through the Accelerator, Stefanie Sedlak, PR & Communication Manager at tado°, commented: “Climate-KIC not only supported us within their financial funding programmes but they have also offered us a great platform to exchange knowledge.”

Converting organic waste into higher value chemicals

 

The Waste2Chemical team

The Waste2Chemical team

Waste2Chemical, a Dutch specialist in providing technical solutions to convert organic waste into higher value chemicals, has recently completed a first investment round to support the development of a demonstration scale factory by 2016.

Niels van Stralen, Director and Co-Founder at Waste2Chemical said: “After raising significant subsidies, grants and awards, Climate-KIC was the ideal organisation to assist Waste2Chemical in professional preparation for raising a first investment round. The quality and experience of the team behind Climate-KIC is excellent and this makes the organisation truly distinctive.”

Pan-European Venture Competition

Following the success of these 45 Accelerator alumni, later this month Climate-KIC will be showcasing the most promising start-ups currently in its Accelerator. 18 of Europe’s best cleantech start-ups, that have each won €20,000 in regional competitions across Europe, will be competing in the European finals of Climate-KIC’s 2014 Venture Competition on 30 and 31 October 2014 in Valencia, Spain.

See our newsroom for the full press release and contacts.

 
Location
Articles you may be interested in
In The News
EIT Climate-KIC selects five partners in Global South to implement gender main...

The intersection of climate and innovation remains a male-dominated...

EIT Climate-KIC selects five partners in Global South to implement gender mainstreaming into entrepreneurship
In The News
Citizens inspire a car-free Leuven

A broad survey, possible solutions displayed on screens, inspirational...

Citizens inspire a car-free Leuven
In The News
EIT Climate-KIC accelerates climate tech solutions for a net-zero Africa 

Climate-focused start-up teams in developing countries face distinct challenges...

EIT Climate-KIC accelerates climate tech solutions for a net-zero Africa 
In The News
New European Bauhaus Hackathons will reward most innovative solutions

EIT Community New European Bauhaus partners will be hosting...

New European Bauhaus Hackathons will reward most innovative solutions
In The News
Slovenia takes a pivotal turn towards circularity

Slovenia has decided to actively combat climate change by...

Slovenia takes a pivotal turn towards circularity
In The News
Innovative climate projects part of EIT Community New European Bauhaus initiat...

The European Institute of Innovation and Technology (EIT) has...

Innovative climate projects part of EIT Community New European Bauhaus initiative
In The News
A new air and climate plan for Milan

The City Council of Milan approved the Air and...

A new air and climate plan for Milan
In The News
Meet the three EIT Climate-KIC innovators nominated for EIT Awards

Three innovators from EIT Climate-KIC’s community have been nominated...

Meet the three EIT Climate-KIC innovators nominated for EIT Awards
In The News
100 European cities take up the challenge to become carbon neutral by 2030

On Monday 13 June, the representatives of the 100...

100 European cities take up the challenge to become carbon neutral by 2030
In The News
The role of cities and regions in transforming wood value chains

Climate smart forest economies It’s a crucial decade for...

The role of cities and regions in transforming wood value chains
In The News
Glasgow City Region pioneering forest economy innovation to drive climate acti...

Scotland’s largest city region is actively tackling climate change...

Glasgow City Region pioneering forest economy innovation to drive climate action
In The News
Forging sustainable timber construction in Europe

EIT Climate-KIC and Built by Nature, announce an initiative...

Forging sustainable timber construction in Europe
In The News
EIT Climate-KIC launches new Circularity Thinking training programme

EIT Climate-KIC is launching Circularity Thinking courses to tackle...

EIT Climate-KIC launches new Circularity Thinking training programme
In The News
EIT Climate-KIC announces four winners of EIT Community Booster

EIT Climate-KIC selected four cleantech start-ups to be part...

EIT Climate-KIC announces four winners of EIT Community Booster
In The News
Science reveals last paths to stop irreversible planetary damage

Climate change is going to get worse, but curbing global warming is...

Science reveals last paths to stop irreversible planetary damage
In The News
EIT Community presents New European Bauhaus Ideation Awards winners

Supported by the EIT Community, the New European Bauhaus...

EIT Community presents New European Bauhaus Ideation Awards winners
In The News
EIT Climate-KIC joins forces with the Government of Ireland to stimulate clima...

The Ministry of Agriculture, Food and the Marine of...

EIT Climate-KIC joins forces with the Government of Ireland to stimulate climate innovation in the agri-food sector
In The News
Climate Lab: EIT Climate-KIC co-initiates hotspot for Vienna’s climate ambit...

Climate Lab in Vienna will give climate actors an...

Climate Lab: EIT Climate-KIC co-initiates hotspot for Vienna’s climate ambitions
In The News
Seven takeaways from the latest IPCC report

On 28 February, the IPCC Sixth Assessment Report (AR6)...

Seven takeaways from the latest IPCC report
In The News
EIT launches new Global Outreach website

The European Institute of Innovation and Technology (EIT) has...

EIT launches new Global Outreach website
In The News
EIT Climate-KIC and Amazon launch call for sustainable start-ups

Working on transformative, systemic innovation to accelerate a net-zero...

EIT Climate-KIC and Amazon launch call for sustainable start-ups
In The News
Votes open for the 2021 New European Bauhaus Ideation Awards – Audience Awar...

Do you want to support innovative solutions that integrate...

Votes open for the 2021 New European Bauhaus Ideation Awards – Audience Award
In The News
Brill Power’s new innovation radically increases battery life and storag...

Brill Power, supported by EIT Climate-KIC, has launched the...

Brill Power’s new innovation radically increases battery life and storage capacity
In The News
EIT Climate-KIC CEO Dr. Kirsten Dunlop gives TEDx Talk

EIT Climate-KIC CEO Dr. Kirsten Dunlop delivered a talk,...

EIT Climate-KIC CEO Dr. Kirsten Dunlop gives TEDx Talk
In The News
Putting theory into practice: EIT Climate-KIC Pioneer innovating the Greek mar...

To tackle complex climate challenges, we need a broader...

Putting theory into practice: EIT Climate-KIC Pioneer innovating the Greek maritime sector
In The News
EIT launches call for proposals to boost innovation in Higher Education Instit...

Unlocking the potential of higher education institutions for innovation...

EIT launches call for proposals to boost innovation in Higher Education Institutions
In The News
The Dolomites forging climate resilience

The Italian Dolomites, a UNESCO World Heritage Site, are...

The Dolomites forging climate resilience
In The News
People-powered resilience: Andalusia announces new climate action plan

The region’s climate action plan has been announced, with...

People-powered resilience: Andalusia announces new climate action plan
In The News
Built by Nature: new initiative to accelerate the transition to sustainable co...

The built environment accounts for close to 40 per...

Built by Nature: new initiative to accelerate the transition to sustainable construction in cities
In The News
The State of California and EIT Climate-KIC advance partnership for climate in...

Glasgow, 8 November – The California Governor’s Office of...

The State of California and EIT Climate-KIC advance partnership for climate innovation