Local weather tech accelerator EnergyLab has singled out 13 startups for its new Local weather Tech Cost program, providing them 12 months of assist to assist them make it via the present investor downturn.
The Cost program offers important assist for early-stage founders contributing to decarbonisation amidst a difficult financial setting the place VC funding in Australia considerably slowed down within the first half of 2023, following on from a 30% decline in funding for local weather tech startups final 12 months.
EnergyLab CEO Megan Fisher mentioned they designed 12-month program to assist founders traverse the ‘valley of dying’, bridging the hole between creating their minimal viable product and rising their buyer base and constructing market traction.
“This ‘always-on’ program presents founders the time and suppleness to set and obtain bold progress targets, community with like-minded founders and buyers and an area to check, iterate and develop their product and progress technique grounded by constant assist, suggestions and professional recommendation alongside the best way,” she mentioned.
This program is open to functions year-round, with new founders becoming a member of month-to-month and presents professional info periods, mentoring, networking, entry to skilled companies and connections with buyers to discover funding alternatives.
“From our expertise screening a whole bunch of startup functions for EnergyLab’s Accelerator we’ve developed a sturdy understanding of the place widespread gaps exist in startups’ readiness,” Fisher mentioned.
“The Cost Program has been designed with these classes in thoughts to assist startups to turn into accelerator-ready.”
Nonetheless, funding stays a priority for a lot of within the sector and the EnergyLab CEO hopes the organisation’s 160-strong climate-focused angel investor community might be a part of the answer to assist these startups succeed.
“In 2022 throughout the globe we fell woefully in need of the 12 months on 12 months decarbonisation goal to restrict world warming to 1.5 levels,” Fisher mentioned.
“We should proceed the adoption of current low emissions know-how, however we additionally want new concepts to assist us actually ramp up the roll out. Supporting extra early-stage local weather tech targeted startups will construct a pipeline of options to assist in reaching our Internet Zero targets.”
The inaugural cohort spans clear vitality, carbon removing, vitality knowledge, transportation and waste to assist the round financial system and clear vitality transition.
The businesses chosen are:
Adaptive Hydrogen, which helps to cut back the price of inexperienced hydrogen via clever management.
Brownee, which is constructing an ecosystem that empowers SMEs to be extra profitable by changing into extra sustainable.
C2Zero, which allows companies and people to cease massive polluters from polluting by locking away their (regulated and finite) Emissions Allowances.
RealCarbonIndex, which is the world’s first household of indexes and analytics monitoring world compliance carbon costs.
Cactii, which brings a singular built-in perspective to renewable vitality by specializing in each technology and storage, and on making vitality use extra environment friendly via a excessive degree of system integration.
Change Beetle, which specialises in creating optimisation software program for offshore initiatives and is creating a world-leading resolution for offshore wind.
Cyclion Vitality has developed cutting-edge know-how that solves complicated plastic and biomass waste remedy points due to our ‘inexperienced chemistry’ that turns your normal garbage into gasoline and vitality for on a regular basis use.
Equoia, which is a B2B rental electrification options firm on a mission to speed up sustainability inside the movie and tv business and scale back CO2e generated by display screen manufacturing with clear cell energy.
Negawatts.io, which is a high-impact platform that empowers firms to optimise vitality and assets, exceeding NetZero targets to chill our biosphere.
Outbound, which is revolutionising actual property and transportation with electrical automobile membership facilities, providing an all-digital carsharing expertise to seamlessly combine communal electrical autos in residential, industrial and lodge properties.
Retragreen, which is an modern vitality effectivity software program supplier dedicated to serving to companies decrease electrical energy bills and enhance sustainability via cutting-edge options.
Reynard Wooden, which is constructing supplies constructed from industrial tailings and waste for environmental profit.
Smartizer,which is reinventing residential vitality storage methods, distinguished by distinctive modularity and suppleness, low CAPEX, and quick ROI.
SolvingZero, which makes use of vitality knowledge to offer actionable insights on decreasing vitality prices and optimising houses.
To use and study extra about this system head to Local weather Tech Cost. To join with any of the startups in it, contact the program supervisor.