An initiative that encourages innovation to address the global climate crisis has awarded $1.3 million to Israeli tech startups, in the latest boost for the Start-Up Nation.
The funding offered by the Climate Solutions Prize Organization with the Tel Aviv-based Startup Nation Central was bestowed to Israeli early-stage startups developing innovative climate tech technologies.
“Channeling Israel’s ingenuity to tackle one of the biggest challenges of our times, the Climate Solutions Prize …aims to be a catalyst for climate tech innovation in both breakthrough research and the startup ecosystem,” said Jeff Hart, executive chair of the Climate Solutions Prize.
“It is vital that we mobilize and inspire the best efforts and best minds so that we can proudly leave a better world for future generations to come,” Hart continued.
The winners include BaTTeRi, which operates in the Electric Vehicle (EV) charging industry; Electriq, which works with hydrogen powder for auxiliary power applications and long-term storage; Envomed, which specializes in sustainable on-site waste treatment; Filo Systems, a data compression innovator; Nemo Nanomaterials, which provides industrially scalable nanotechnology solutions; TIGI, which provides turn-key renewable heat solutions to large heat users; and Biotic, which provides fully bio-based, fully biodegradable polymers (bioplastic) manufacturing processes.
“As a recognized leader in developing advanced solutions to global challenges, Israel is extremely well-positioned to take a central role in battling climate change and bringing solutions to the biggest shared challenge of our times,” said Startup Nation Central CEO Avi Hasson.
The Startup Track prizes include the premier flagship equity investment of $1 million from Capital Nature as well as a roadshow to Singapore from Temasek Foundation, an investment and incubation process with ESIL, and engagements with corporate business units from Continental, E.ON, Italgas and Takeda.
The news comes one month after a separate $1 million climate prize was awarded to three Israeli research projects seeking to solve global warming.
There are more than 850 climate change startups in Israel, according to Startup Nation Central, putting the nation among the global leaders in innovations on climate action.
