Climate-KIC helps raise investment of €59m

Climate-KIC has announced that its accelerator has raised €59m in external investment since its launch in 2010.

The knowledge and innovation community said it has helped 45 start-ups to gain funding. The fledgling consortiums represent technologies from consumer-facing apps to highly specialised techniques for improving the resource efficiency of industrial processes. The 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.

Commenting on the success, Hero Prins, entrepreneurship director at Climate-KIC, said: “As the €59m 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.”

The Climate-KIC Accelerator supports over 120 start-ups in Europe annually, and offers unique access to ideas, people and partners to help provide the most promising cleantech start-ups with the tools, opportunities and network to transform their ideas into commercial success. Climate KIC says that by giving start-ups access to its network, workshops, business coaches and early stage funding, it is helping to deliver investable cleantech start-ups to the market and to create a more environmentally friendly place.