Tocardo part of 26 climate technology start-ups to win place on COP26 funding programme
Greenbackers Investment Capital has revealed the identity of 26 climate technology start-ups who will be taking part in an innovative six-month programme designed to help them secure international funding ahead of the UN Climate Change Conference (COP26) in Glasgow.
Called 26ForCOP26, the programme will introduce the businesses to a global investor base through Greenbackers Showcase, an online deal platform, via a series of hosted events between June and November.
It will culminate in a live and live-streamed “SuperPitch”, hosted in Glasgow during COP26, which runs from October 31 to November 12.
The programme launch comes after a recent report from the International Energy Authority stated that by 2050, “almost half the reductions in CO2 emissions will come from technologies that are currently at the demonstration or prototype phase. Major innovation efforts must take place this decade, in order to bring these new technologies to market in time.”
Robert Hokin, Managing Partner at Glasgow-based Greenbackers, said: “We developed a showcase of great technology ventures to coincide with the global focus on the COP26 Climate Summit happening here in our hometown of Glasgow this November.
“There’s been plenty of talk about target-setting but to make Net Zero a reality, COP26 needs to be about action. Investment capital needs to flow faster into the climate technology start-ups that can and will make a difference.
“Our ’26ForCOP26′ is an action programme for making that investment happen.”
The selected 26 have been picked from over 120 applicants and come from nine countries and cover the following cleantech sub sectors: Sustainable transportation; Sustainable fashion; Renewable power generation; Water & energy conservation; Smart grid; Building & Internet of Things (IoT); Circular economy; Ocean & blue economy and Sustainable materials technology.