Sydney VC fund Investible is gearing up to launch a new global climate tech fund in a partnership with Mandiri Capital Indonesia (MCI). MCI is the VC subsidiary of Indonesia’s largest financial institution, Bank Mandiri. The joint venture Mandiri-Investible Global Climate Tech Fund will support and back climate tech startups in the Southeast Asia and… Read more »
UNSW Founders held its annual 10x Demo Day this week with 25 startups taking part, spanning programs focused on synthetic biology (synbio), climate, health, defence and an all-industries cohort that includes the crowd-lending impact platform LendForGood. The Climate 10x Accelerator was set up as part of the $280 million Trailblazer for Recycling and Clean Energy (TraCE)… Read more »
Two Australian climate tech startups are among seven ideas as part of the third cohort for US-based Studio X’s global energy and climate tech innovation accelerator. Economical Energy and Onvol will be part of the 16-week program, which is backed by energy giant Shell. The seven ideas chosen span energy, climate tech, green energy solutions, emissions management,… Read more »
Renewable energy deployment platform Orkestra has raised a second Seed round in less than 12 months, this time banking $2 million, with local VC Tidal Ventures once again leading the round. Orkestra previously raised $1.1 million in November last year in a round led by Tidal. While the VC called it a Seed round in… Read more »
While vending machines offer convenience and ease for anyone with a few dollars and thirsty, the supply-chain logistics around them are staggering when you drill down into the environmental impact. Putting aside the transport emissions, less than 20% of the 891 billion-plus single-use plastic bottles are produced annually worldwide are ever recycled. A 2020 report… Read more »
Newly created Sydney climate tech platform Greenhouse has been enlisted by the World Economic Forum (WEF) to drive a new program to help the planet’s ‘hardest-to-abate’ sectors, such as aviation, shipping, trucking, and steel, increase their drive towards net zero carbon emissions by 2030. Greenhouse was developed as a subsidiary of the Investible group, and… Read more »
Climate tech accelerator EnergyLab has singled out 13 startups for its new Climate Tech Charge program, offering them 12 months of support to help them make it through the current investor downturn. The Charge program provides critical support for early-stage founders contributing to decarbonisation amidst a challenging economic environment where VC funding in Australia substantially… Read more »
Making the pivot from pilot to climate tech startup founder, Onvol’s Molly Fullee is flying high after winning the 2023 Startup Daily Best in Tech Awards’ Best New Founder award, sponsored by Tank Stream Labs. Becoming one of the youngest female airline captains for a major airline back in 2010, Fullee knows what it’s like… Read more »
Wollongong-based startup Hysata has been recognised for their ground-breaking mission to deliver the world’s most efficient and low-cost green hydrogen, scooping up the 2023 Startup Daily Best in Tech Awards‘ Startup of The Year award, supported by 1835i. The win comes hot on the heels of Hysata’s recent $23.9 million cash injection from the Australian… Read more »
The ANZ climate tech sector is booming, and with good reason. The world’s leading scientists are telling us – or getting arrested to warn us – that we only have until the end of the decade to secure a safe climate future. Our mission? To limit global warming to under 1.5 degrees Celsius. To put that into… Read more »
Startups from Australian or New Zealand could score up to $48,000 (£25,000) from health insurer Bupa as part of its 2023 eco-Disruptive program. The program connects selected startups with the Bupa team, supported by £25,000 in initial funding to develop their solutions to the biggest challenges threatening our planet. The global competition goes on to offer… Read more »
The annual ARENA Renewables Startup Showcase is heading to Melbourne this year, with applications now open for startups interested in taking part. Pioneering startup network Innovation Bay and the Australian Renewable Energy Agency (ARENA) have teamed up again for the fourth showcase, which takes place on Wednesday, November 1, at Cargo Hall in Melbourne. They’re looking for early… Read more »
A Sydney venture fund that co-led agtech startup Loam Bio’s huge $105 million round, has raised $220 million in a Series A. Sydney-based Wollemi Capital, founded in 2021, is the brainchild of former Macquarie Capital boss Tim Bishop and Boston Consulting Group’s Asian venture exec Paul Hunyor. The pair set out to raise $100 million,… Read more »
Environmental restoration startup AirSeed Technologies is partnering with impact investment manager Conscious Investment Management (CIM) as it sets up a $200 million carbon sequestration fund. Carbon sequestration is the process of capturing and storing carbon dioxide (CO2) from the atmosphere or industrial emissions. AirSeed’s way of tackling the issue is through reforestation. AirSeed was cofounded… Read more »
Melbourne-based material science company, Great Wrap, has launched the world’s first compostable pallet wrap. The alternative to plastic wrap is made with food waste to combat the global dependence on petroleum-based pallet wrap and plastic pollution. Cofounders Jordy Kay and Julia Kay saw a materials revolution happening around them. Everything industry from energy, transport, and… Read more »
Daily startup news and insights, delivered to your inbox.
