Michelin Scotland Innovation Parc (MSIP) has partnered with NetZero Funding specialists Greenbackers Investment Capital to offer promising climate and clean technology start-ups a chance to meet and secure finance from investors during a pioneering 6-month investment program in the run up to COP 26, the UN Climate Summit in Glasgow, this November.
Selected MSIP entrepreneurs will be featured on a new digital deal platform “The Greenbackers Showcase”. This online investment platform will put the 26 chosen ventures into a “shop window” for the world’s leading investors to meet, review and determine their suitability for funding. The Showcase will culminate in a “SuperPitch” event at COP26 in Glasgow during November and livestreamed to a global investor audience.
Robert Hokin, Managing Partner at Greenbackers commented, “Everyone is talking a good game on sustainability, but growth capital is still not getting to early stage cleantech innovators fast enough to make our net zero ambitions achievable. This program is all about action – getting finance to ventures, 26 of them, that can really move the needle – by introducing them online to our global community of pre-screened, verified investors, all which have a mandate to invest in this sector.”
“The support we are receiving from MSIP is invaluable. As a home for innovators with their 32-hectare campus, the help they provide innovators in commercialising their offerings is a tremendous resource to climate start-ups and a great asset to Scotland overall. We welcome them as very first of many sponsors.“
The Greenbackers team will proactively co-ordinate discussions between participating ventures and investors in order to maximize the potential for investment.
Sarah Petrie, Innovation Director at Michelin Scotland Innovation Parc said: “As part of our innovation programme at MSIP, we want to support innovative, ambitious companies across the sustainable mobility and decarbonisation sector to grow and succeed. If we are to have a successful energy transition and achieve net zero goals, start-up and early-stage clean tech companies must have access to financial backing, to take their technologies to the next level.
“By partnering with Greenbackers Investment Capital, the companies we select to participate in this 6-month investment programme will get the opportunity to secure finance from the world’s leading investors in climate and clean technology. We are excited to be partnering on such a meaningful and action driven initiative and look forward to seeing the benefits that this will bring.”