Apply now for Carbon Removal ClimAccelerator

The deployment of carbon removal is critical to achieving global emissions reduction targets by 2050. Scientists predict that up to 10 GtCO2 will need to be removed annually from the atmosphere by 2050. Nascent technologies and innovative approaches will be critical in removing carbon. At the ClimAccelerator, they want to work with entrepreneurs who have technical and nature based solutions to remove C02 from the atmosphere and store safely for as long as possible.

Carbon Removal Accelerator helps start-ups and SMEs with innovative, technical and nature-based carbon removal solutions that can decarbonise the environment to scale and grow.

The Carbon Removal ClimAccelerator offers a hands-on, tailor-made accelerator programme focusing on product-market fit, validation, enterprise sales and strategic commercial milestones. It harnesses EIT Climate KIC’s years of experience as the main climate innovation solution provider in Europe with over 2,100 solutions supported and over €2 billion of capital secured.

To participate in the programme, your solution can be deployed or has the potential to be integrated at scale in order to effect systemic change in whatever pathway you are targetting. The programme will be run virtually and hosted in English.

Why Join

They are one of the most established and best-connected climate accelerators in the EU, with a proud track record of success. They are part of a broad network that includes the EIT Climate-KIC community, universities, investors and industry partners, as well as a network of mentors, fellow entrepreneurs and founder alumni.

Funding Information

• Grant funding of up to €10,000 will be available to companies selected for transition to Stage 2 of the programme.
• Stage 1
  • Business Model Development
    • Up to 15 to 20 teams will be supported
    • Duration: 9 weeks
• Stage 2
  • Validation, Traction, Investment Ready
    • 8 companies will be selected to advance to this stage
    • Duration: 18 weeks

Programme Highlights

• Training powered by Tangent, Trinity College Dublin, Munich Re, ERGO and EIT Climate KIC
• Highly experienced coaches
• Access to the best connected network in the world
• Comprenhensive overview of investment opportunities via EIT CKIC Investor Marketplace
• Connecting start-ups and SMEs with relevant experts
• Tailor made to individual companies
• One to coaching
• Pitching and collaboration opportunities with investors and partners
• Peer-to-peer learning and access to their alumni community.

Who should join this Accelerator

• A decade ago, carbon dioxide was a small part of the global climate change conversation. But the latest IPCC report notes that alongside other measures “reaching net zero GHG emissions primarily requires deep reductions in CO2, methane, and other GHG emissions”.
• Both technology and bio- strategies exist to remove carbon dioxide from the atmosphere and store it through various means, such as in trees and plants, soils, underground reservoirs, rocks, the ocean and even through products like concrete.
• They are keen to work with entrepreneurs and SMEs with carbon removal solutions that address natural strategies like tree restoration and agricultural soil management; tech strategies like direct air capture and enhanced mineralization; and hybrid strategies like enhanced root crops, bioenergy with carbon capture and storage, and ocean-based carbon removal.
• This is not an endless list – so if you have a solution that you believe could contribute to the world reaching net-zero carbon emissions and that can effect change quickly, please submit your application.

Eligibility Criteria

• Business stage: SMEs and registered start-ups with advanced business models, MVP / prototype (Min. TRL 5).
• Registration status: Companies that are already registered will be prioritised. You must at least be in the process of registration at the time of application.
• This is a global progamme. Companies from all over the world may participate in the programme (which will be delivered during Central European Standard Time CEST).
• Programme fit: your business needs: targeted capacity building, networking, sales and financial assistance to succeed.
• Team: teams that have a minimum of 2 founders, which together hold at least 75% of the equity and are committed to working full-time on their venture.
• Market scalability: your business solution can be readily implemented and has the commercial and technology potential to scale.

For more information, visit Trinity College Dublin.