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
Opinion
Long democracies
Dark Matter
Long democracies
Opinion
Long financing in a volatile world
Dark Matter
Long financing in a volatile world
Opinion
Long welfare
Dark Matter
Long welfare
Opinion
Abstracted to entangled organisation
Dark Matter
Abstracted to entangled organisation
Opinion
Persistent things
Dark Matter
Persistent things
Opinion
Persistent selves
Dark Matter
Persistent selves
Opinion
Futures in long-termism
Dark Matter
Futures in long-termism
In our community
Strengthening community ties and supporting each other through the COVID-19 ...
Strengthening community ties and supporting each other through the COVID-19 crisis
Opinion
The Corona canvas: How to deal with the crisis as a founder
Marc Mogalle & Anje Kluth Business Buddies & EIT Climate-KIC
The Corona canvas: How to deal with the crisis as a founder
In The News
Lilium completes funding round worth over €224 million

EIT Climate-KIC supported Lilium, a Munich-based aviation company developing...

Lilium completes funding round worth over €224 million
In The News
TWAICE raises €11 million series A to power internationalisation efforts and...

EIT Climate-KIC supported TWAICE, a Munich-based battery specialist, has...

TWAICE raises €11 million series A to power internationalisation efforts and scaling
In our community
Madrid: A city turning eco-fictions into eco-futures through systems innovat...
Madrid: A city turning eco-fictions into eco-futures through systems innovation
In The News
EIT Community shines on Forbes 30 under 30 Europe list

Eight EIT Climate-KIC innovators are featured in the prestigious...

EIT Community shines on Forbes 30 under 30 Europe list
Opinion
Trees as infrastructure: Part two
Dark Matter
Trees as infrastructure: Part two
Opinion
Trees as infrastructure: Part one
Dark Matter
Trees as infrastructure: Part one
Opinion
Could COVID-19 usher in massive systemic change?
EIT Climate-KIC Italy
Could COVID-19 usher in massive systemic change?
Opinion
Working during corona lockdown: EIT Climate-KIC Italy sets an example
EIT Climate-KIC Italy
Working during corona lockdown: EIT Climate-KIC Italy sets an example
Innovation Spotlight
How to improve building energy performance without up-front capital

Air-conditioning equipment, office furniture, lighting systems and even floor coverings are being leased, so why can’t a...

How to improve building energy performance without up-front capital
In The News
EU Taxonomy shows the way to net zero by 2050

The Technical Expert Group (TEG) on Sustainable Finance has...

EU Taxonomy shows the way to net zero by 2050
In The News
Regine Kreitz new EIT Climate-KIC Director of Marketing and Communications

Regine Kreitz will join EIT Climate-KIC, the European Union’s...

Regine Kreitz new EIT Climate-KIC Director of Marketing and Communications
In The News
KICs tackling water scarcity in Southern Europe

How EIT and KICs are working to address one...

KICs tackling water scarcity in Southern Europe
In The News
EIT Climate-KIC and partners launch Massive Open Online Course on e-waste

EIT Climate-KIC, together with its partners the UN, the...

EIT Climate-KIC and partners launch Massive Open Online Course on e-waste
In The News
Five EIT Climate-KIC innovators featured in Global Cleantech 100

Five EIT Climate-KIC supported innovative ventures included in the...

Five EIT Climate-KIC innovators featured in Global Cleantech 100
In The News
The journey to zero-emissions transport – part three

The transport sector already accounts for a quarter of...

The journey to zero-emissions transport – part three
In The News
The journey to zero-emissions transport – part two

The transport sector already accounts for a quarter of...

The journey to zero-emissions transport – part two
In The News
The journey to zero-emissions transport – part one

The transport sector already accounts for a quarter of...

The journey to zero-emissions transport – part one
In The News
Malaysia and Estonia win Climathon Global Awards at ChangeNOW summit

The city of Penang, Malaysia, and a team of...

Malaysia and Estonia win Climathon Global Awards at ChangeNOW summit
Opinion
Redesigning venture capital (part III): A hypothesis
Dominic Hofstetter Transformation Capital, EIT Climate-KIC
Redesigning venture capital (part III): A hypothesis
Opinion
The Long Time
Beatrice Pembroke & Ella Saltmarshe Co-founders, The Long Time Project
The Long Time
In our community
Mariana Mazzucato on big-picture, high-ambition innovation missions
Mariana Mazzucato on big-picture, high-ambition innovation missions