EIT Climate-KIC (Knowledge & Innovation Community) is the European Union’s largest public-private climate initiative. Together with Munich Re and ERGO, EIT Climate-KIC has set the ambition to enable transformational start-ups to accelerate through radical collaboration and shared resources. The collaboration started in 2017 with the promotion of clean-tech startups and has focused on carbon removal solutions in the ClimAccelerator since 2021.
In addition to financial support and targeted coaching for the development of the business model, each start-up is offered mentoring from Munich Re and ERGO employees.
Eighteen start-ups were then chosen to participate in the first stage of the accelerator, based on a range of criteria including market size and business model, and most importantly, climate impact potential.
The Carbon Removal ClimAccelerator programme supports start-ups focusing on technological and nature-based solutions such as afforestation, direct air capture, biochar, and bioenergy-based carbon capture and storage. Selected start-ups will receive training, grants, mentorship, and access to networks.
The creative minds explain how their business ideas can help tackle the climate crisis. They are among the teams of founders supported by ERGO and Munich Re as part of the EIT Climate-KIC ClimAccelerator program.
Their creative solutions are as different as the start-ups themselves. But there is one thing they all have in common: Their applications for support have been selected in the Side Call of Climate-KIC and Munich Re/ERGO.
In 2019, Climate-KIC again invited participants to develop innovative climate solutions in their 24-hours ideas competition. Munich Re and ERGO are supported the Climathon in Munich, Sydney, Tallinn and Vilnius.