Founders Factory and G-Force launch Seed program for climate-focused startups
UK tech accelerator Founders Factory is joining forces with a European counterpart to launch the Founders Factory Sustainability Seed program. Launched in partnership with G-Force (the G is for Green) based out of Bratislava, Slovakia, the program will look to invest in and accelerate climate-tech startups.
The program will invest in entrepreneurs with startups that can reduce the world’s greenhouse gas emissions, speed up the transition to a circular economy, create sustainable housing and manufacturing solutions, as well as address climate-friendly mobility, food/feed production, and capturing/storing CO2 and methane.
The Program, run with G-Force largely out of Bratislava, Slovakia, will be operated in a “hybrid” manner: mixing remote and in-person support. The idea is that any eco-tech venture in any location in the world can apply and join the program.
Founders Factory’s partner in the Sustainability Seed program, G-Force, is being backed financially by a syndicate of Central and Eastern European investors including Boris Zelený (figure behind AVG, which sold to AVAST for $1.4bn), Marian Gazdik (Startup Grind), and early-stage investors Peter Külloi and Miklós Kóbor.
Startups selected program for the will get a Seed investment of up to €150,000, six months of startup support using Founders Factory’s team, as well as introductions to potential customers, partners, corporates, and investors.
Henry Lane Fox, Chief Executive Officer at Founders Factory, said: “By nurturing the disruption entrepreneurs are so good at creating we can design a better, more sustainable future for all. In partnership with G-Force, Founders Factory Sustainability Seed Program will be a leading pre/seed program committed to building and supporting the ventures that will have a positive impact on the world.”
Marian Gazdik, co-founding partner of G-Force, said: “Our ambition is to make G-Force, in partnership with the Founders Factory Sustainability Seed Program, into a world-class sustainability innovation hub, based in the heart of Europe.”
Expanding on the idea, Lane-Fox told me: “In this particular case, rather than being aligned to one individual corporate partner, which has been our model to date, we’re able to bring together a group of angel investors and make this more of a pure financial investor play. We think that actually suits this specific sector better. We will also be providing a bit more capital to those companies early on to make sure they can benefit from the program to the maximum degree.”
Gazdik added that by being based in the EU rather than the UK, the program will also be able to take advantage of some EU grant programs.
UK tech accelerator Founders Factory is joining forces with a European counterpart to launch the Founders Factory Sustainability Seed program. Launched in partnership with G-Force (the G is for Green) based out of Bratislava, Slovakia, the program will look to invest in and accelerate climate-tech startups. The program will invest…
Recent Posts
- Nissan’s Iruyo knows when your baby is sleeping, knows when they’re awake
- CDN network cache hacked to spread malware across the globe
- Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it
- 18 Best Portable Battery Chargers (2024): For Phones, iPads, Laptops, and More
- The opportunities and risks for using AI in content marketing
Archives
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- December 2011