Climate Change

Seven green ventures complete Clim@ Scaler accelerator program

Seven green ventures Clim@ Scaler accelerator program

Photo: Clim@ Scaler

Published

November 21, 2022

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Published:

November 21, 2022

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The GGF and Rockstart held a closing event for the first edition of their Clim@ Scaler accelerator program with seven finalists, which showcased their climate action solutions.

The 2022 Clim@ Scaler program has been successfully concluded with over 70 guests taking part in the final event in Amsterdam. In front of industry experts and investors, seven selected ventures presented their pioneering business models, positive environmental impact and funding needs and expansion plans to continue their scaling journey.

The audience heard from a diverse array of solutions and innovations in the areas of energy efficiency, circular economy, and sustainable energy. Clim@ was launched by the Green for Growth Fund (GGF) in 2018, and the third edition, Clim@ Scaler, was implemented in collaboration with Rockstart, a global early-stage investor.

GGF Technical Facility to continue to support Clim@ Scale finalists

The program’s seven ventures – Plug’n’Grow, Fusebox, Tagaddod, effa, Loggma, Fazla Gıda, and Wattnow – were selected from a pool of over 100 applicants. They come from five countries. During the four-month program, they received in-depth mentorship, targeted technical training, and access to a wide network of industry experts and investors – all based on a tailored needs assessment of each business.

Going forward, the GGF Technical Assistance Facility will continue to work with and support the program finalists on their journey to scale sustainable business models and impact.

Concepts that transform way we are shaping sustainable future

“The event was a great success and brought together like-minded individuals to hear from ventures across the green ecosystem contributing to the advancement of solutions to address and adapt to climate change. As a successful example, Clim@ Scaler has revealed the impact that can be achieved through platforms to scale innovative businesses and concepts that transform the way we are shaping the world for a sustainable future. Particular thanks go to Rockstart for their expertise and support throughout the program, and thanks as well to EU4Energy and the German Federal Ministry for Economic Cooperation and Development for their generous support,” GGF Chairman Christopher Knowles said.

The Green for Growth Fund invests in measures designed to cut energy use and CO2 emissions and improve resource efficiency in 19 markets across Southeast Europe, the Caucasus, Ukraine, Moldova, the Middle East and North Africa. The GGF Technical Assistance Facility maximizes the impact through support for capacity building at local financial institutions and partners.

Looking forward to collaborating in 2023

“This year’s initiative supported the seven selected start-ups in preparing to scale their businesses, building long-term partnerships, and putting forward their unique solutions for climate change mitigation. We would like to thank GGF for their trust and partnership, and we look forward to collaborating in 2023,” Rockstart’s Chief Executive Officer and Cofounder Rune Theill stated.

Rockstart is active in the sectors of energy, agrifood and emerging technologies. The company has offices in Amsterdam, Copenhagen and Bogota.

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