UK-based tech accelerator Founders Factory is teaming up with a European counterpart to launch Founders Factory Sustainability Seed program, its latest initiative.
Launched in cooperation with Slovakia-based G-Force (G for Green), the program is set to prioritize climate-focused tech startups for investment and necessary backing – to accelerate them.
The program’s key goal is to seek out entrepreneurs with offerings that can contribute to the reduction of greenhouse gas emissions and accelerate the transition to a circular economy.
It will also back startups that can help create sustainable housing and manufacturing solutions, as well as provide sustainable transport and mobility solutions, climate-friendly food/feed production, and foster proper storage of CO2 and methane.
The project will be operated primarily out of Bratislava, Slovakia in a hybrid fashion. This means that there will be a combination of remote and in-person support. This will make it possible for any eco-tech venture located anywhere to participate in the program.
G-Force is financed by a syndicate of Central and Eastern European investors including Boris Zelený (figure behind AVG, which sold to AVAST for $1.4bn), Marian Gazdik (Startup Grind), and early-stage investors Peter Külloi and Miklós Kóbor.
Startups admitted to the program will get a Seed investment of up to €150,000, six months of startup support from Founders Factory’s team, as well as access to a network of potential customers, partners, corporates, and investors.
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