Seven Israeli climate technology startups have collectively received more than $1.3 million in funding to further tackle the looming global climate crisis.
The award is part of the Starting Line for Climate Solutions Awards and was announced on Wednesday. Start-up National Central and the Climate Solutions Prize Organization led the start-up track.
“Israel is recognized as a leader in developing advanced solutions to global challenges, fighting climate change and contributing to one of the biggest challenges of our time,” said Avi Hasson, CEO of startup Nation Central. “We are extremely well placed to play a central role in bringing solutions to common challenges.” . “This initiative aims to recognize the best climate technology startups across Israel, providing them with access to investment, access to global We offer partnership opportunities with multinational companies and exposure to those seeking global solutions.”
This startup track includes a $1 million equity investment by Capital Nature, a roadshow by Temasek Foundation, an incubation process with ESIL, and collaboration with corporate business units of various associated companies. Additionally, Amazon Web Services and Deloitte will provide access and expert support to startups.
Winners include Filo Systems, a data compression engine that provides optimized energy storage; Electriq, a powdered hydrogen carrier; and TIGI, a renewable heat and storage solution; and Industrially Scalable, which enhances performance and improves properties. including Nemo Nanomaterials for nanotechnology solutions. Biotic, evaluated for industrial materials and products, machines that shred and sterilize medical waste, enabling optimal transmission from fossil fuel plastics, and BaTTeRi, an EV charging as a service (Caas) company.
“In the process, we found that a collaborative approach with startups was more successful than trying to find out on our own,” said Thomas Barr, chief strategy and innovation officer at E.ON. explained. “We continue to believe in Israel's high-tech ecosystem.”
According to startup Nation Central, Israel is home to more than 800 climate technology companies across a variety of sectors, including energy transition, clean industrial technology, food and land use, carbon technology, transportation and logistics, and water solutions. Their 2022 Ecosystem Report highlights a growing trend where climate tech's share of investments in Israel's ecosystem will increase from approximately 6% in 2019-2021 to 10% in 2022. ing.
The Climate Solutions Award is Israel's most important incentive award.
Jeff Hart, Executive Chairman of the Climate Solutions Awards, said: “It is vital that we mobilize and inspire our best efforts and best minds so that we can be proud and leave a better world for future generations. ”.
