What is the Climate 10x Accelerator and who founded it?

The Climate 10x Accelerator is a program established by Virescent Ventures and the University of New South Wales (UNSW) to support early-stage climate tech startups. It was created as part of the $280 million Trailblazer for Recycling and Clean Energy (TraCE) collaboration between the Commonwealth Government, industry, UNSW, and the University of Newcastle.

How much funding did the Climate 10x Accelerator invest in its first cohort?

The Climate 10x Accelerator invested a total of $580,000 into its first cohort of five climate tech startups. Virescent Ventures invested this funding on behalf of the Clean Energy Finance Corporation.

What types of climate tech startups does the Climate 10x Accelerator support?

The accelerator supports early-stage climate tech startups whose innovations significantly reduce emissions, improve infrastructure resilience, or enable faster transitions to renewable energy. The first cohort includes companies working on sustainable bitumen manufacturing, hydrogen engine conversion, active transportation incentives, advanced materials research automation, and sovereign manufacturing solutions.

Climate 10X Accelerator Invests $580K in Clean Tech