The Carbon Removal ClimAccelerator start-up programme has been launched for the second time to provide business, professional and financial support to start-ups offering carbon removal solutions. The unique initiative in Europe was set up by TU Delft in the Netherlands, the University of Zurich (ETH) and the Hungarian Climate Innovation Community, with the support of the EIT Climate-KIC, among others. At the end of the year-long programme the best performing start-ups will also receive a grant of €25.000 to help them realise their ideas.
One of today’s most pressing climate change issues is curbing carbon emissions, backed by the European Union’s 2050 climate neutrality targets. However, to achieve this, it is not enough to reduce or stop carbon emissions; we also need to remove the carbon dioxide already present in the atmosphere which has accumulated due to increased industrial and agricultural activity, among others. Research suggests that to keep global warming within 1.5 degrees Celsius, at least 5 gigatonnes of carbon dioxide would need to be sequestered globally every year until 2050.
The second Carbon Removal ClimAccelerator programme, a joint initiative of TU Delft, ETH Zurich and the Climate Innovation Community, aims to contribute to solving this problem. The programme for European start-ups is unique on the continent in helping to implement projects focusing on carbon removal. Application is open until 6 February to start-ups that want to make the most of their promising ideas, both in terms of environmental impact and business.
The twelve-month hybrid programme, consisting of three phases, will help participants to develop their ideas, validate their business model, assess their own environmental impact, grow internationally and attract investment. The necessary background knowledge, professional mentoring and business coaching will be provided by some of the most renowned experts in the field of carbon absorption, including successful entrepreneurs, start-up coaches, investors and physicists, to turn initial projects into marketable businesses with real impact. At the end of each phase of the programme, start-ups are required to pitch their progress, with the opportunity to move on to the next phase. At the end of the Carbon Removal ClimAccelerator, participants who complete the one-year programme will be eligible to win €25.000 in grant funding.
More information about the programme and the application form can be found at https://cdr-accelerator.com/