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
From start-up to 100-person industry player in 18 months: air up is launching ...

It’s a beverage revolution: Healthy hydration while fooling your...

From start-up to 100-person industry player in 18 months: air up is launching in new markets
In The News
#TurnItAround: an event for all climate solutions seekers, suppliers and enabl...

As part of the fifth SDG Global festival of...

#TurnItAround: an event for all climate solutions seekers, suppliers and enablers
In The News
New EIT initiative to boost innovation in higher education

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

New EIT initiative to boost innovation in higher education
In The News
Just transition within reach for Polish coal city Rybnik

“We are preparing plans for the next decade. Mentality is...

Just transition within reach for Polish coal city Rybnik
In The News
Inclusive guide helps communities build urban resilience

The new Urban Action Kit, launched by the International...

Inclusive guide helps communities build urban resilience
In The News
Climate app among DigiEduHack 2020 global finalists

The DigiEduHack, supported by EIT Climate-KIC as well as...

Climate app among DigiEduHack 2020 global finalists
In The News
GreeMko receives Climate Reality Project Award in Spain 

GreeMko (for Green Management Technology), a Spanish start-up that...

GreeMko receives Climate Reality Project Award in Spain 
In The News
What’s the future of trade in a climate crisis?

EIT Climate-KIC Chief Executive Officer Kirsten Dunlop addressed the...

What’s the future of trade in a climate crisis?
In The News
Wanted: Green business ideas to fix climate change

Starting today, the seventh edition of the global green...

Wanted: Green business ideas to fix climate change
In The News
Why sustainable water management needs a systemic solution

Ensuring that fresh water is available, in a sustainable...

Why sustainable water management needs a systemic solution
In The News
Integrating nature with technology to strengthen climate adaptation

The European Commission released the new EU Climate Adaptation...

Integrating nature with technology to strengthen climate adaptation
In The News
EIT Climate-KIC is a key player in helping Europe adapt to climate change

EIT Climate-KIC welcomes the new EU strategy on adaptation...

EIT Climate-KIC is a key player in helping Europe adapt to climate change
In The News
Edinburgh: building climate resilient infrastructure and communities

A labyrinth of cobblestone streets, dimly lit and presided...

Edinburgh: building climate resilient infrastructure and communities
In The News
Residents of Kessel-Lo, Belgium, are invited to shape the future of their neig...

EIT Climate-KIC is working with the city of Leuven...

Residents of Kessel-Lo, Belgium, are invited to shape the future of their neighbourhood
In The News
Improved urban parks increase communities’ climate resilience

Start Park, a project led by citizens from Florence,...

Improved urban parks increase communities’ climate resilience
In The News
New accelerator programme geared towards systemic change secures key partners

Following its Open Call, the New Accelerator programme has...

New accelerator programme geared towards systemic change secures key partners
In The News
New videogame builds climate awareness among players

Change Game, a videogame financed by EIT Climate-KIC and...

New videogame builds climate awareness among players
In The News
Organic and homemade food brought to the dining rooms of large corporations

Carlota Mateos and Juan Vila, co-founders of PlenEat have...

Organic and homemade food brought to the dining rooms of large corporations
In The News
Climeworks added to Microsoft’s climate portfolio

EIT Climate-KIC supported Climeworks, a carbon capture technology, is...

Climeworks added to Microsoft’s climate portfolio
In The News
Circular Slovenia named in 100 Climate Policy Breakthroughs

The peer-to-peer learning platform for governments, Apolitical, included EIT...

Circular Slovenia named in 100 Climate Policy Breakthroughs
In The News
New tool uses satellite imagery to accelerate sustainable agriculture

Supported by EIT Climate-KIC and developed by its partner...

New tool uses satellite imagery to accelerate sustainable agriculture
In The News
EIT Climate-KIC at the Climate Adaptation Summit 2021

EIT Climate-KIC will be taking part in the Climate...

EIT Climate-KIC at the Climate Adaptation Summit 2021
In The News
Green Invest from Stuttgart and Start Park from Florence win Climathon Awards ...

A total of 140 teams of citizen finalists applied...

Green Invest from Stuttgart and Start Park from Florence win Climathon Awards 2020
In The News
Biden’s Opportunity for Reinventing Climate Innovation

Joe Biden will be sworn in today as 46th...

Biden’s Opportunity for Reinventing Climate Innovation
In The News
EIT Climate-KIC’s Open Accelerator: collaboration, not competition

It is no secret that to tackle climate change...

EIT Climate-KIC’s Open Accelerator: collaboration, not competition
In The News
New platform inspires sustainable Nordic wood construction

This week marks the launch of NoMuWood.com, an EIT...

New platform inspires sustainable Nordic wood construction
In The News
European Union launches Pact to support citizen-led climate action

On Wednesday 16 December, the European Commission is launching...

European Union launches Pact to support citizen-led climate action
In The News
“An avalanche of hope and energy”: The power of Paris

Our Climate Champions 2020: Melissa Capcha. Five years on...

“An avalanche of hope and energy”: The power of Paris
In The News
“Let’s find ways to take action within our abilities”

Our Climate Champions 2020: Gopal Kumar Mohoto. Five years...

“Let’s find ways to take action within our abilities”
In The News
“Climate change is outpacing us, there is no time for excuses”

Our Climate Champions 2020: Cristina Aleixendri Muñoz. Five years...

“Climate change is outpacing us, there is no time for excuses”