UNSW launches new clean energy startup accelerator, Climate 10x
NSW Founders, the university's incubator wing, today launched Climate 10x, a new accelerator program that will provide seed investment, mentoring and industry access to six Australian start-ups that demonstrate significant climate impact. Climate 10x will seek start-ups whose technology offering either significantly reduces emissions, produces electricity from renewable sources and circular materials, or adapts existing infrastructure to facilitate the energy transition. The program is backed by UNSW's $280 million Trailblazer for Recycling and Clean Energy (TRaCE) program and cleantech venture capital firm Virescent Ventures, which has committed $120,000 in seed funding to each of the startups accepted into the program. Applications for the program can be submitted until the 19th.Th May, on August 2Sun the beginning. Participants will benefit from ten weeks of industry mentorship, $140,000 in total seed funding, networking opportunities and an investor pitch event at the Climate 10x Demo Night. "After decades of inaction, the challenge of decarbonising the planet requires a multi-pronged approach that includes a combination of innovation, collaboration and disruptive technologies," said Gabriella Nunes, senior business manager at UNSW. "To achieve this, we need to wrap the right skills, networks and investment capital around the next generation of entrepreneurs – so we can rapidly scale our solutions." ( )