Luxembourg and Amsterdam, 21 November 2022 – The 2022 Clim@ Scaler program successfully concluded with over 70 guests taking part in the program’s final event in Amsterdam. In front of an audience of industry experts and investors, the program’s seven ventures presented their pioneering business models, their positive environmental impact, and their funding needs and expansion plans to continue their scaling journey. The audience heard from a diverse array of solutions and innovations in the areas of energy efficiency, circular economy, and sustainable energy. Clim@ was launched by the Green for Growth Fund (GGF) in 2018, and the third edition, Clim@ Scaler, was implemented in collaboration with Rockstart, a global early-stage investor.
The program’s seven ventures – Plug'n'Grow, Fusebox, Tagaddod, effa, Loggma, Fazla Gıda, and Wattnow – were selected from a pool of over 100 applicants and come from five countries. Across the four-month program they received in-depth mentorship, targeted technical training, and access to a wide network of industry experts and investors – all based on a tailored needs assessment of each business. Going forward, the GGF Technical Assistance Facility will continue to work with and support the program finalists on their journey to scale sustainable business models and impact.
GGF Chairman Christopher Knowles said: “The event was a great success and brought together like-minded individuals to hear from ventures across the green ecosystem contributing to the advancement of solutions to address and adapt to climate change. As a successful example, Clim@ Scaler has revealed the impact that can be achieved through platforms to scale innovative businesses and concepts that transform the way we are shaping the world for a sustainable future. Particular thanks go to Rockstart for their expertise and support throughout the program, and thanks as well to EU4Energy and the German Federal Ministry for Economic Cooperation and Development for their generous support.”
Rune Theill, CEO and Co-Founder, Rockstart stated: “Clim@ Scaler 2022 proved to be a successful and impactful platform in driving positive regional change. The final event celebrated the end of a fourth-month program led by GGF and designed and implemented by Rockstart. This year’s initiative supported the seven selected start-ups in preparing to scale their businesses, building long-term partnerships, and putting forward their unique solutions for climate change mitigation. We would like to thank GGF for their trust and partnership, and we look forward to collaborating in 2023.”
Learn more about the ventures and their green solutions, here: https://www.ggf-climat.com/climat-ventures/
ABOUT THE GGF
The Green for Growth Fund invests in measures designed to cut energy use and CO2 emissions, and improve resource efficiency in 19 markets across Southeast Europe, the Caucasus, Ukraine, Moldova, the Middle East and North Africa. The fund provides such financing directly to renewable energy projects, corporates and municipalities or indirectly via selected financial institutions. The GGF’s Technical Assistance Facility maximizes the fund’s investment impact through support for capacity building at local financial institutions and partners.
The GGF was initiated as a public-private partnership in December 2009 by Germany’s KfW Development Bank and the European Investment Bank, with financial support from the European Commission, the German Federal Ministry for Economic Cooperation and Development, the European Bank for Reconstruction and Development, and the Austrian Development Bank (OeEB). The fund’s growing investor base comprises donor agencies, international financial institutions and institutional private investors, including the International Finance Corporation, the Dutch development bank FMO, and the German ethical bank GLS. The GGF is advised by Finance in Motion GmbH. MACS Energy & Water GmbH, Frankfurt am Main acts as the technical advisor.
Rockstart is an early-stage investor that empowers purpose-driven founders across three domains: Energy, AgriFood and Emerging Technologies. Rockstart invests in early-stage ventures and provides access to capital, market, and expertise by connecting founders with co-investors, mentors, partners, corporates and the wider Rockstart network.
Rockstart has invested in more than 300 ventures and its alumni value to date is more than $1bn. Rockstart is an international team of 45+ professionals dedicated to empowering purpose-driven founders to become scalable and drive positive change on a global scale. Rockstart has notable exits such as Wercker, Bouw7, iClinic, and in 2021, 3D Hubs and Brincr. The company has offices in Amsterdam, the Netherlands, Copenhagen, Denmark and Bogota, Colombia.
Media contact GGF
Senior Manager Marketing & Communications
Phone: +49 (0)69 271 035-171
Media contact Rockstart
Head of Marcom
Phone: +31 (0)613026650