The Carbon Dioxide Removal (CDR) ClimAccelerator, a global program that looks for climate innovators, has selected its cohort of 22 promising carbon removal startups.
The starting companies joining the 9-month accelerator are Airfix, Airbus Sinc, Blue Horizon, Carbonx Climate, Carbon Atlantis, CEEZER, Cool, ENCHAR, Green Sequest, GreenCap Solutions AS, INVERTO, Klimate.co, Maya Climate, MORFO, NASKA robotics GmbH, Nellie Technologies, Novocarbo, Parallel Carbon Limited, PRONOE, Sinkco Labs, SpiralBeam, and Tree.ly.
This year’s program kicked off with a three-day boot camp last week and will continue with one-on-one coaching, expert sessions, and ecosystem networking.
The CDR ClimAccelerator is jointly developed and run by Delft University of Technology and Sustainability in Business Lab – ETHZ, and supported by the European Institute of Innovation & Technology (EIT) Climate-KIC, The DOEN Foundation, and other partners.
The 9-month accelerator aims to support early-stage carbon removal startups from Europe on their way to maximizing their climate and business potential. The program provides startups with access to resources and a global community to innovate, catalyze, and scale their climate solutions.
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Once the start-ups successfully complete the program, Climate-KIC invests in the most promising businesses that can demonstrate the highest impact potential.
The program offers the select Stage 2 ClimAccelerator start-ups funding and support services in exchange for future equity. The cycle repeats with tens of ClimAccelerators running all over the world every year.
Carbon removal is among the solutions used in line with the targets set by the Paris Agreement to bring down emissions by 45% by 2030 and reach net zero by 2050. Carbon removal methods include natural strategies such as tree restoration, high-tech strategies such as direct air capture, and hybrid strategies such as bioenergy and enhanced root crops.
Read more: EU Proposes Carbon Removal Certification For More Transparency
