{"id":26838,"date":"2020-08-28T09:58:44","date_gmt":"2020-08-28T09:58:44","guid":{"rendered":"http:\/\/spain.climate-kic.org\/?post_type=news&#038;p=26838"},"modified":"2020-08-28T09:58:44","modified_gmt":"2020-08-28T09:58:44","slug":"eit-climate-kic-supports-european-green-recovery-with-e4-million-for-start-ups-affected-by-covid-19","status":"publish","type":"news","link":"https:\/\/spain.climate-kic.org\/en\/news\/eit-climate-kic-supports-european-green-recovery-with-e4-million-for-start-ups-affected-by-covid-19\/","title":{"rendered":"Climate KIC supports European green recovery with \u20ac4 million for start-ups affected by COVID-19"},"content":{"rendered":"<p><span class=\"intro\">Climate KIC is investing \u20ac4 million in nine climate ventures to help them recover from the impacts of the COVID-19 crisis, and to support them in their efforts to bring essential innovations to contribute to the fight against climate change. The funding is part of the EIT Crisis Response Initiative, which directly contributes to the European Union\u2019s response to the COVID-19 pandemic. <strong>The Spanish <a href=\"https:\/\/bound4blue.com\/en\/\">Bound4Blue<\/a> has been one of the companies selected with a \u20ac500,000 grant.<\/strong><\/span><\/p>\n<p>A total of 301 applicants from 25 countries applied for funding under the \u201c<a href=\"https:\/\/www.climate-kic.org\/get-involved\/venture-funding\/\">Extraordinary COVID-19 Venture Support<\/a>\u201d call launched by Climate KIC in May 2020 to support highly innovative climate impact ventures whose business has been impacted by the pandemic crisis. The start-up economy is severely impacted by the coronavirus pandemic. Raising capital from investors is more difficult in the current climate and bringing innovations to the market is often delayed, sometimes disrupted.<\/p>\n<p>Climate KIC shortlisted 19 businesses and invited them to participate in a \u2018Climate impact forecast\u2019 workshop and to deliver their five-year \u2018Climate Impact Potential\u2019. Different metrics were used to calculate the greenhouse gases emissions reduction potential of the innovation and assess the suitability of the business for the grant.<\/p>\n<p>The nine ventures selected for funding develop innovations in agriculture, energy and industry. They will receive between \u20ac320,000 and \u20ac500,000 and are now invited to sign an investment agreement.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.agrosustain.ch\/\" target=\"_blank\" rel=\"noopener noreferrer\">AgroSustain SA<\/a> (\u20ac420,000), a venture from Switzerland, provides biological solutions for crop protection, including coatings for fruits and vegetables freshness extension as well as antifungal solutions, preventing fungal growth on crops in the field, and protecting the fresh produce during storage and distribution.<\/li>\n<li><a href=\"http:\/\/www.alchemietechnology.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Alchemie Technology<\/a> (\u20ac500,000), a start-up from the UK, commercialises breakthrough new technology for sustainable dyeing and finishing of textiles.<\/li>\n<li><a href=\"http:\/\/www.brillpower.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Brill Power<\/a> (\u20ac500,000), is a UK-based team of battery specialists whose technology improves battery system performance with intelligent control technology.<\/li>\n<li><a href=\"https:\/\/www.bound4blue.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bound4blue<\/a> (\u20ac500,000), a Spanish company, is on a mission to deliver automated wind-assisted propulsion systems (wingsails) to shipowners and operators looking to decrease their fuel-related costs and pollutant emissions up to 30 per cent.<\/li>\n<li><a href=\"https:\/\/www.dabbel.eu\/\" target=\"_blank\" rel=\"noopener noreferrer\">Dabbel<\/a> AI (\u20ac320,000), in Germany, developed Artificial Intelligence (AI)-driven software able to self-manage commercial building energy systems. Available worldwide, DABBEL replaces the building engineer\u2019s human brain with artificial intelligence, reducing energy consumption and CO\u2082 emissions up to 40 per cent.<\/li>\n<li><a href=\"http:\/\/www.everimpact.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Everimpact<\/a> (\u20ac320,000), is a French company who developed a software that combines satellite, ground sensors, and AI data to help cities and businesses measure their greenhouse gas emissions and identify opportunities to reduce their carbon footprint.<\/li>\n<li><a href=\"http:\/\/www.planblue.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">PlanBlue<\/a> (\u20ac500,000), a company from Germany, combines satellite technology with artificial intelligence and underwater navigation in an intelligent underwater camera to monitor the effects of climate change, biodiversity, plastic waste pollution, but also enable sustainable industrial activities on and near seafloor areas, lake bottoms and river beds.<\/li>\n<li><a href=\"http:\/\/www.unisieve.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">UniSieve AG<\/a> (\u20ac440,000), a Swiss cleantech company, provides sustainable membrane separation solutions to customers in the chemical and energy industries.<\/li>\n<li><a href=\"https:\/\/vultus.io\/\" target=\"_blank\" rel=\"noopener noreferrer\">Vultus<\/a> (\u20ac500,000), a Swedish venture, eliminates waste in farming by offering satellite-based prescriptions, reducing nitrogen, fungicide and water usage by 30 per cent.<\/li>\n<\/ul>\n<p>\u201cOur entrepreneurship community has been severely affected by the COVID-19 crisis, be it through last-minute investment cancellations, losing customers, global supply chains being interrupted or even just distraction from prioritizing the climate emergency in the face of immediate economic crisis,\u201d says <strong>CEO of Climate KIC, Kirsten Dunlop<\/strong>. \u201cThe volume and geographical spread of applications we received for this call shows how much support is needed across Europe, it also confirms that there is both an urgent need and an opportunity for the innovation community to focus on building capability for resilience and renewal. Our team has selected ventures that will significantly contribute to building back better \u2013 maximizing the opportunity to accelerate decarbonisation and introduce sustainable solutions \u2013 and ventures that can achieve significant milestones in crisis prevention and resilience given the likelihood of further shocks.\u201d<\/p>\n<p>The funding will help the selected ventures to overcome this unprecedented situation and continue delivering innovative solutions for Europe and its citizens. The support package is one of the two elements of the \u2018EIT Crisis Response Initiative\u2019, a \u20ac60 million additional funding mobilised by the European Institute of Innovation and Technology (EIT) to power innovations in health, climate change, digitisation, food, sustainable energy, urban mobility, manufacturing and raw materials. <a href=\"https:\/\/www.climate-kic.org\/press-releases\/pandemic-response-projects-eit-crisis-initiative-covid-19\/\">Eleven climate innovation projects across Europe had already been selected by Climate KIC<\/a> to receive funding as part of the \u201cPandemic Response Projects\u201d, the other instrument of this European initiative.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Climate KIC is investing \u20ac4 million in nine climate ventures to help them recover from the impacts of the COVID-19 crisis, and&#8230;<\/p>\n","protected":false},"author":191,"featured_media":26835,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"class_list":["post-26838","news","type-news","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - 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