Climate-KIC (Knowledge & Innovation Community) is the European Union’s largest public-private climate initiative. It includes a successful accelerator for cleantech start-ups. This fosters young businesses which are developing climate protection solutions.
Climate-KIC (Knowledge & Innovation Community) is the European Union’s largest public-private climate initiative. It includes a successful accelerator for cleantech start-ups. This fosters young businesses which are developing climate protection solutions.
In the accelerator programme, Munich Re and ERGO are fostering start-ups that are focused on handling climate change. The programme lasts up to 18 months – depending on the how mature the start-up is. Each start-up receives up to €95,000 in financial support. As an additional benefit, the young entrepreneurs receive coaching and regular mentoring from Munich Re and ERGO staff members. Workspaces in various locations are also available for their use.
Munich Re and ERGO thus gain access to young businesses, these receive both technical and financial support in return, and society benefits from climate-protection solutions.
The cooperation has been in place since October 2017. Since then, there have been two accelerator phases, each catering for three start-ups. In the phase ongoing since October 2018, four new companies will receive technical and financial support, as will one start-up which has been part of the programme since March 2018.