Allia partners EIT Climate-KIC for its first Climate Accelerator
Allia Future Business Centre has become the first partner of EIT Climate-KIC, Europe’s largest public-private innovation partnership focusing on innovation to address climate breakdown, for a new climate accelerator.
The new Climate Accelerator will start in Cambridge in January, working with start-ups offering innovative solutions for addressing the climate emergency.
The intensive six-month accelerator is offering climate tech founders the opportunity to develop their start-ups and tackle the critical mission of the climate crisis.
The programme team is looking to recruit start-ups that have innovative solutions demonstrating potential for scalable impact, be it in carbon removal, adaptation, an enabling technology or a relevant social or environmental enterprise.
EIT Climate-KIC is the EU’s main climate innovation initiative, supported by the European Institute of Innovation and Technology (EIT), and works with more than 450 global partners to accelerate the transition to a zero-carbon, climate-resilient society.
In the last 10 years, the EIT Climate-KIC accelerator programme – and the ClimAccelerator Community that has developed around it – has become a major climate innovation solution provider, with more than 1,500 solutions supported and nearly €1billion of capital secured.
Christian Daube, strategic programmes builder, ClimAccelerator Community, said: “We are delighted to be partnering with Allia to deliver the Climate Accelerator in Cambridge next year, to engage the brightest and best solutions to the climate crisis from the east of the UK.”
The synergy is a natural fit for Allia, which for 22 years has supported small businesses to grow and thrive, helping them to create greater positive impact for people, place and planet. Its Impact Accelerator has successfully run in both Cambridge and London for five years, helping hundreds of start-ups to scale, develop and amplify their impact.
Emma Mee, Allia’s Cambridge programme manager, said: “This is a great opportunity to work in collaboration with other climate accelerators all over the world to bring crucial solutions for the climate crisis to market. I’m excited to get started and look forward to receiving applications from start-ups ranging from regenerative agriculture to fintech platforms and many other sector solutions that want to work together.”
Tapping into an extensive bank of resources, knowledge and the international community of EIT Climate-KIC, Allia’s Climate Accelerator will provide six months of intensive coaching and mentoring from industry experts and specialist workshops, plus the tools and methodologies for estimating and validating climate impact. Most importantly, the Accelerator will enable introductions to a global network of investors, supporters and partners. The programme will culminate in a pitch day where the founders will present to a judging panel and audience of entrepreneurs, industry leaders and funders.
Allia was awarded funding from the European Regional Development Fund (ERDF) last year to support hundreds of local businesses across Cambridgeshire and Peterborough. The new funding enables Allia to deliver free programmes in both locations until June 2023. Through the programmes, Allia aims to encourage and support entrepreneurship in the area, encouraging new impact products and services to be developed, creating new jobs and supporting the development of new business ideas that can transform into successful businesses.
The Climate Accelerator programme is seeking “technical, social, environmental or financial based start-ups looking to unlock the potential of a zero-carbon economy, build resilience against climate chaos, and contribute to the urgent draw-down of CO2”. The website says the programme “will ramp up ambition, build skills and make meaningful connections to a global network of investors, mentors, supporters and partners”.
Andrew Brisbin, head of venture support at Allia, added: “Thrilled to be working with the ClimAccelerator because the crisis we are facing today cannot be resolved by one single individual or organisation. The founders we’ll work with will be able to build on a global network of resources and partners to accelerate their solutions to the climate emergency.”
Applications are open now: the deadline is November 28. The inaugural Climate Accelerator programme starts in Cambridge and Peterborough on January 10.
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