What are the benefits of MED ClimAccelerator?
This accelerator is designed to provide you and your start-ups with tailored training and support as you work towards moving to the next stage of development and grow into a sustainable, profitable and eco-conscious business. The summer training is divided according to three Stages to ensure that you receive the most appropriate knowledge and skills according to the needs of your start-up.
At the beginning of the programme, local Coaches will work with you to develop three milestones and throughout the programme, you will be guided on achieving them. In addition, a national workshop will be held in each partner country to review the process of registering your business according to national law, as well as providing support and additional guidance on administrative procedures. Local Coaches will also assist start-ups on reporting.
On top of the funding that start-ups at Stage 1 and 2 will receive from this programme, we are also working to ensure additional financial support.
Last but not least, Stage 2 start-ups will be required to sign the Climate-SAFE agreement, a funding opportunity provided for the first time this year. What does this mean?
Climate-KIC as a shareholder:
- Quarterly Updates: Quarterly reviews with experts from Climate-KIC to support business strategy and business development
- Hands-off Investor: Climate-KIC will not take a board seat or any governance role to dictate how the business is managed. We will hold voting rights as per the investment agreement and will always vote in the interest of the business’ longevity
- Support where required: Climate-KIC will not be a nuisance investor, we will only assist where wanted and required. Portfolio companies will have exclusive access to the EIT Climate-KIC services and a portfolio manager on-hand to ensure relevant opportunities are raised
MED ClimAccelerator provides you with a unique opportunity to ideate, pilot and test prototypes according to specific challenges identified by local demand-owners (big companies, cities, governments) and eventually develop or build upon pre-existing innovative solutions. Furthermore, you will be introduced to a wide network of like-minded people across Europe, as well as a large pool of global investors.