December 11, 2023

JumpThe Hong Kong-based accelerator, backed by investors including Animoca Brands, is launching a new program for fledgling climate technology startups. This three-month program is tailor-made for founders focused on carbon dioxide removal (CDR). They will receive fundraising support, guidance on how to scale, and introductions to Brinc’s network of follow-on investors, mentors, and businesses.

Janina Motter, Brinc’s climate tech program manager, told TechCrunch that the accelerator has been focusing on climate tech through its food tech vertical for several years. “From these successes, we recognize that the specificity of the industry is the key to maximizing the value of founders,” she said. “That’s why we plan to roll out several different climate technology projects over time, and this new one focuses on carbon removal, utilization and storage.” underinvestment.

The first cohort included four startups. “The best applicants understand how their approach fits into the competitive landscape and have a compelling answer to ‘Why them. Why now?’ for the company’s growth,” says Mott. Also, especially for CDR , it is critical that startups have an initial understanding of how their technology fits into a wider context (ecological risks, shared interests, local communities, etc.) and are willing to develop a robust framework to help them scale responsibly” .

from England, air hive Geochemical direct air capture (DAC) is being created to scale up carbon removal. Its DAC system is modular and based on fluidized nanostructured sorbents.

Headquartered in the United States, carbon bridge Captures fermentative carbon dioxide, which is produced when fermenting plants to produce beer, wine and other products, before it enters the atmosphere and produces environmentally friendly methanol through a microbial conversion process. The startup says it’s a cost-effective alternative to mainstream methanol made from fossil fuels.

Hong Kong’s Template IO Looking to reduce carbon emissions from buildings and other parts of the built environment. It does this by using waste carbon dioxide and materials as binders to create carbon-negative concrete. Formwork IO focuses on the Asian market, which it says produces more than 70% of cement.

Bluegrass BioenergyThe Costa Rica-based company converts agricultural waste such as coffee and pineapple pomace into biochar and syngas, making waste management more efficient and providing clean energy to farms.

The Climate Technology Initiative is supported by organizations such as Artesian, Carbon Business Council, CO2CRC, Direct Air Capture Coalition, PML Apps and others.