The University of Nottingham is set to be part of a new collaborative network, dedicated to enhancing and developing business support and technical ecosystems focused on climate start-ups.
The UK is set to receive a serious boost in its fight against climate change with the launch of the Climate Scaling Collaborative, a pioneering initiative to support IP-rich start-ups and spin-outs with links to universities, working on solutions for climate mitigation and adaptation.
The Climate Scaling Collaborative will provide robust support to 60 businesses, helping them develop from initial funding to commercial deployment. Covering multiple industries, these businesses will be sourced from across the UK university ecosystem with the support of a wide network of partner organisations.
Backed by £5m from the Research England Development Fund, the Collaborative unites UK universities Imperial, Cranfield University, the University of Derby, the University of Exeter, the University of Leeds and the University of Nottingham to provide the critical support required by deep tech climate innovators in the scale-up phase.
The funding was announced by Professor Dame Jessica Corner, Executive Chair of Research England at an event hosted by TenU celebrating a year since the launch of the government’s review of university spinouts.
The Collaborative will create a regional hub at each partner university, enhancing and developing business support and technical ecosystems focused on climate start-ups.
These hubs will build local relationships and specific expertise on potential clients, partners or collaborators, turbocharging the journey from start-up to scale-up. Through the Collaborative, these local hubs will form an interlinked network across the UK.
Professor David Grant, Director of the University of Nottingham Energy Institute, said: “This new Climate Scaling Collaborative will see our climate related research backed up by expertise in knowledge exchange and commercialisation. We’re are excited to see this timely new initiative take shape and look forward to working with our new partners.”
