SoatDev IT Consulting
SoatDev IT Consulting
  • About us
  • Expertise
  • Services
  • How it works
  • Contact Us
  • News
  • July 5, 2023
  • Rss Fetcher

Brinc, the Hong Kong-based accelerator backed by investors like Animoca Brands, is launching a new program for fledgling climate tech startups. The three-month program is tailored for founders who are focused on carbon dioxide removal (CDR). They will receive fundraising support, guidance on how to scale up and introductions to Brinc’s network of follow-on investors, mentors and corporates.

Janina Motter, Brinc’s Climate Tech Program manager, told TechCrunch that the accelerator has focused on climate tech for several years through its food tech vertical. “From those successes, we recognized sector specificity is key to maximize value for founders,” she said. “This is why we plan to have several different climate tech programs over time, with this new program focused on carbon removal, utilization and storage.” She added that Brinc has seen underinvestment in carbon removal relative to its climate impact.

The inaugural cohort includes four startups. Motter said “the strongest applicants understand how their approach fits into the competitive landscape and have compelling answers about ‘why them? why now?’ for the company to grow. Furthermore, for CDR in particular, it’s critical that startups have some initial understanding of how their technology fits into broader context (ecological risk, co-benefits, local communities, etc) and are willing to develop a robust framework which will help them scale responsibly.”

From the United Kingdom, Airhive is creating geochemical direct air capture (DAC) to scale carbon removal. Its DAC system is modular and based on a fluidized nano-structured sorbent.

Based in the United States, CarbonBridge captures fermentation CO2, or CO2 generated by fermenting plant matter to make beer, wine and other products, before it enters the atmosphere, and produces eco-friendly methanol through a microbial conversion process. The startup says this is a cost-effective alternative to mainstream methanol made from fossil fuels.

Hong Kong’s Formwork IO wants to reduce carbon emissions in architecture and other parts of the built environment. It does so by creating carbon-negative concrete through the use of waste carbon dioxide and materials as binders. Formwork IO is focused on the Asian market, where it says more than 70% of cement is produced.

Poas Bioenergy, based in Costa Rica, turns agricultural waste, including coffee and pineapple residue, into biochar and syngas, making waste management more efficient and giving farms a source of clean energy.

The Climate Tech Program is supported by organizations like Artesian, Carbon Business Council, CO2CRC, Direct Air Capture Coalition, PML Applications and others.

Brinc launches new program for climate tech startups by Catherine Shu originally published on TechCrunch

Previous Post
Next Post

Recent Posts

  • Sam Altman biographer Keach Hagey explains why the OpenAI CEO was ‘born for this moment’
  • Day 4 of TechCrunch Sessions: AI Trivia Countdown — Flex your brain, score big on tickets
  • Video game union announces first contract with Microsoft
  • 4 days to go: TechCrunch Sessions: AI is almost in session
  • Trump pulls Musk ally’s NASA Administrator nomination

Categories

  • Industry News
  • Programming
  • RSS Fetched Articles
  • Uncategorized

Archives

  • June 2025
  • May 2025
  • April 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023

Tap into the power of Microservices, MVC Architecture, Cloud, Containers, UML, and Scrum methodologies to bolster your project planning, execution, and application development processes.

Solutions

  • IT Consultation
  • Agile Transformation
  • Software Development
  • DevOps & CI/CD

Regions Covered

  • Montreal
  • New York
  • Paris
  • Mauritius
  • Abidjan
  • Dakar

Subscribe to Newsletter

Join our monthly newsletter subscribers to get the latest news and insights.

© Copyright 2023. All Rights Reserved by Soatdev IT Consulting Inc.