Sophie Jones’ Post

⭐🎤📌 Did you know that #newyorkcity🗽is being touted more and more as the burgeoning epicenter of #cleantech of the #usa? In his recent interesting article ‘NYC thrives as an unlikely Silicon Valley of Climate Technology”, Stephen Lee, an energy and environment reporter at Bloomberg Environment, explains how important the government-backed hard infrastructure in the form of the #climatehubs is to New York City. Three harborside locations – Brooklyn Navy Yard, Governors Island, and Brooklyn Army Terminal – serve as the backbone of a network of climate tech hotspots. More than 100 climate startups have been founded in the city over the last four years. We also see a huge spike in investment. It is most impressive that as much as $3.5 billion in venture capital funding has flowed into the city’s climate tech sector since 2021. In the beginning of May 2024, hub.brussels New York organizes a Mission for Brussels Based companies interested to know more about the opportunities in this promising and Impactful sector. Contact us for more info. Read the article here. Credits to Stephen Lee https://lnkd.in/eTGmaCra   Gauthier Hecq Kathlijn Fruithof 🌻🐦🐆 Bianca Vissers Fabienne De Kimpe Inna Droznik Eline Faoro Anthony NARALINGOM Rodolphe d'Udekem d'Acoz #newyork #newyorkcity #climatetech

Massachusetts in 2024 is home to the most climate tech startups per capita in the country. They thrive at institutions like MIT and Greentown Labs, turning big ideas into tangible solutions. But we struggle to keep them here. States from coast to coast are wooing away entrepreneurs and employers. These places facilitate demonstration programs, connect companies to trained workers, and provide access to real estate for manufacturing. The Mass Leads Act rebalances these incentives, directing capital investments and tax benefits that keep these innovators in Boston for the long term and encourages others to join them. #climatetech #climateVC #venturecapital

An unexpected #climatetech scene is booming in New York City, leading many to dub it the new #SiliconValley of solutions to cut emissions. Venture funding into #NYC climate #startups has spiked over 250% since 2021 to $3.5 billion. The city now boasts over 100 climate tech companies launched in the past four years across renewable energy, green buildings, #EV infrastructure, agriculture tech, battery storage, and much more. Besides access to financing and piloting infrastructure, NYC offers startups a massive built environment to test technologies as the city enacts aggressive laws and goals to decarbonize buildings, transport, and energy systems. Promising climate solutions have a ripe local marketplace to directly help the city meet its targets. While market maturity continues to grow, climate-focused investors and founders believe NYC could soon eclipse the Bay Area as the country's top hub for climate solutions spanning hardware, software, #biotech, and clean energy tech. The success will depend on continued policy support, public-private collaboration, and patience as companies scale. Read the full story on NYC's rise as a climate tech leader via Bloomberg Law: https://bit.ly/3Uz69Gx #peopleplanetpivot

[Published in April 2024] 🌍💰 Climate tech struggles with funding due to high initial capital needs and risk, with only 16% of the sector currently serviced. 🌱🔍 Strategies to make climate tech bankable include demystifying complex tech, de-risking investments, and designing creative funding mechanisms. 🚀🌾 Innovative approaches like extended fund cycles and evergreen funds could bridge the gap to profitability and attract more private investment into climate tech.

#NYC is emerging as an unlikely hub for #climate technology #startups. Over $3.5 billion has been invested in New York #climatetech companies since 2021, with the city actively growing a network of innovation hubs and campuses to meet the needs of the rapidly evolving sector. With supportive government policies, access to financing, and a massive real estate sector ripe for green building upgrades, New York provides a robust ecosystem for #entrepreneurs tackling climate's big challenges. Unique public-private partnerships centered around infrastructure like the Brooklyn Army Terminal provide fertile testing grounds for companies trying to scale climate solutions. If the trend continues, New York's position as the United States' climate tech capital will only grow stronger. More from Bloomberg: https://lnkd.in/ei95YyJu

🌐 NYC: Thriving as the Silicon Valley of Climate Tech! 🏙️💡 Great to see NYC spotlighted as a leading climate tech hub 🌍🚀 in a recent article put out by Bloomberg Law! (link 👇) We're lucky to work with NYC-based climate startups and the ecosystem that supports them on a daily basis and are routinely blown away by the innovations coming out of the city. Whether it's URBAN-X and their awesome cohorts of startups working to make city life more sustainable or the out-of-this-world solutions that come out of the Newlab community, there's no shortage of examples for why New York is leading the charge in climate tech. Check out the article for a quick overview of how NYC has become a climate tech hub and the plans to double down on that in the coming years. 🔗 Article Link: https://lnkd.in/ei95YyJu #climatetech #startups #nyc #brooklyn

The day isn’t far off when input from anyone affiliated with MIT is going to need an asterisk. Look at the projects listed under the Renewable Energy heading of the MIT Energy Initiative (https://lnkd.in/eedszkrC). Each and every one either undermines renewables by focusing on vulnerabilities or protects fossil fuel by pitching technology that’s compatible with fossil fuels. Same with every other dark money operation at MIT (the Engine, Media Lab, Skoltech, etc). MIT sold its souls to big oil for hundreds of millions of dollars. From hacks to hoaxes (carbon capture, etc). And the saddest part is that MIT alums take phenomenal salaries to sell dead technology in corrupt insider deals and they tell themselves that they’re the adult in the room. MIT startups*

Many of the climate challenges center around energy, which ties them to physical reality as you said well in the article, Matthew Rogers. Additionally, funding can be difficult as these entities are mis-priced; The value they provide to people & biodiversity is distributed globally and not captured by the entity - since really this value “creation” is really just the inverse of harm (in dollars) that polluters are otherwise inflicting on global populations. It’s a classic market failure. While we work on the systemic change to appropriately price the global situation - startups need to look for ways to lower their capital requirements, like utilizing contract manufacturing partners and reducing custom HW requirements where possible. Then, find ways to create additional unique value with the underlying climate tech (exportable power w/ EVs) & pair natively with SW for better moat, higher valuation potential. Help entice capital to enter at this critical junction in order to scale. What other mechanisms are missing that you think could help bridge the gap?

Our friends at Contrarian Ventures - alongside EQT Ventures - are today unveiling The Climate Brick, the missing manual for the climate journey. 90% of CO2 emissions are estimated to be abatable by technology over the next 25 years. However, most innovations that shape modern life were built on common frameworks. Climate innovation doesn’t have one, yet. Today marks a call to change that. Since decarbonization is the greatest economic transition in a century, the 50 signatories of our open letter – representing many of Europe's leading climate tech companies and financial institutions – have pledged to create The Climate Brick, the missing manual for scaling climate technologies. We use today's leading European climate tech companies as bricks to build a greener future, enabling a large-scale technology shift. After analyzing 3,000+ companies and interviewing 100+ pioneers and experts, The Climate Brick is today publishing a comprehensive study with guidance on how to scale climate tech companies. It recognizes seven distinct company profiles, or bricks as we call them: Gigascaling; Green Deployment; Asset-as-a-Service; Product Disruption; New Technology; Moonshot; Companion Software. We’re only getting started. The Climate Brick is an open community being co-built by members together. Are you also on a mission to create impact at scale? Read our open letter via the link in the comments below, and join the movement!

🔎 Climate tech startups face funding challenges, needing more investment than early-stage VCs typically provide. 🌱 Only 16% of climate tech is serviced, leading many to cease operations due to financial shortages. 💡 The focus should be on demystifying, de-risking, and designing tailored fund mechanics for sustained growth in climate tech. - Want full insights? Subscribe to Tech in Asia to read the entire article.