UK tech accelerator Founders Factory is affiliating pushes with a European copy to propel the Founders Factory Sustainability Seed program. Launched in partnership with G-Force( the G is for Green) based out of Bratislava, Slovakia, the programme will look to invest in and accelerate climate-tech startups.
The program will invest in industrialists with startups that can reduce the world’s greenhouse gas releases, speed up the transition to a circular economy, procreate sustainable dwelling and fabricating solutions, as well as address climate-friendly mobility, nutrient/ feed make, and capturing/ collecting CO2 and methane.
The Program, run with G-Force principally out of Bratislava, Slovakia, will be operated in a “hybrid” manner: mingling remote and in-person support. The impression is that any eco-tech venture in any locale in the world can apply and affiliate the program.
Founders Factory’s partner in the Sustainability Seed program, G-Force, is being backed financially by a cartel of Central and Eastern European investors including Boris Zeleny( person behind AVG, which sold to AVAST for $1.4 bn ), Marian Gazdik( Startup Grind ), and early-stage investors Peter Kulloi and Miklos Kobor.
Startups adopted curriculum for the will get a Seed investment of up to EUR1 50,000, six months of startup support using Benefactor Factory’s team, as well as introductions to possible patrons, spouses, corporates, and investors.
Henry Lane Fox, Chief executive officer at Benefactor Factory, said: “By nurturing the disturbance financiers 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 is in favour of enterprises 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, are available in the very heart of Europe.”
Expanding on the relevant recommendations, Lane-Fox told me: “In this particular case, rather than being aligned to one individual corporate collaborator, which has been our model to date, we’re able to bring together a group of angel investors and make this more of a unadulterated monetary investor play. We think that actually suits this specific sector better. We will too 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 programme will also be able to take advantage of some EU grant programs.
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