Accelerator start-ups scoop £400k

31 August 2017

The start-ups taking part in the Climate-KIC Accelerator Stage 1 at ECCI have so far secured £400,000 of investment and picked up a range of prestigious awards, it has been revealed.

The coveted support programme, which kicked off in June 2017 at ECCI, has seen eight start-ups undergo individual coaching and a rigorous programme of business workshops to find their market niche, develop a financial model and work out how to make money. They’ve also benefitted from thousands of euros of funding to support this work.

The achievements of the fledgling businesses selected for the first round of the Accelerator are being highlighted with just two days to go for start-ups to apply for a place on Accelerator Stage 2 at ECCI. Applications are open now and close on Friday 1 September 2017.

The next phase of the Accelerator is open to all businesses with a basic business model in place and a motivated team with at least two founders. It offers climate entrepreneurs coaching, workshops and funding of up to 20,000 euros to validate their business model with customers.

Some highlights from the current Accelerator intake include Kinnotech reaching the finals of the Scottish EDGE competition, Clean Water Wave securing £230,000 in grants and investment and IntelliDigest winning a Highlands and Islands Enterprise award.

Participant MiAlgae have reached the final round of the Converge Challenge, won a Shell LiveWIRE Smarter Future Award and taken on a new staff member, and Boxergy has secured a Climate-KIC Tech Validation Voucher and more than £20,000 in grants and investments.

Ed Craig, ECCI’s Deputy Director and Head of Innovation, said: “The climate innovators who joined the Accelerator Stage 1 at ECCI have been on an incredible journey and the results speak for themselves.

“If you’ve got an early stage climate-positive business, apply today for funding and support that could help your idea go stratospheric.”

Find out more and apply now.