Sustainable Ventures and Barclays Eagle Labs have teamed up to launch The National Climate Tech Accelerator (NCTA), with the aim of helping scale startups in the sustainability space.
The new programme aims to identify high-potential climate tech startups across the UK by creating a network of investment, support, and action to help them grow.
According to Sustainable Ventures, founders participating in the climate tech accelerator will benefit from a blended package of commercial and technical support, including access to the Sustainable Ventures Digital Learning Platform, the Eagle Labs Entrepreneur Academy, and up to $250,000 in Google Cloud credits.
Any Barclays commercial customers will also gain access to funded 1:1 mentoring, pitch events with climate tech investors, dedicated workspace access across the Eagle Labs network or at Sustainable Ventures and enhanced national visibility through the Barclays Entrepreneur Awards and the NCTA Pitch Competition.
Andrew Wordsworth, CEO & founder of Sustainable Ventures, which counts retailer Petit Pli and solar-powered commercial refrigeration company Sunswap among its portfolio of businesses, commented: “This programme will provide hundreds of climate tech companies with advice and support, giving them an unfair business advantage that will help them scale faster from idea to exit.
“This partnership with Barclays Eagle Labs will scale up our award winning model of expert advice, networks, and hubs to reach more companies across the nation. These climate tech companies will play a vital role in helping the UK meet its net zero targets.”
Abdul Qureshi, head of business banking at Barclays, remarked: “Supporting UK founders as they work to grow their businesses from idea through to IPO is central to the mission of Barclays innovation banking, and scaling climate tech in particular requires integrated support that brings capital and expertise together in one place.”
He called The National Climate Tech Accelerator “a platform that helps ambitious UK climate start-ups to overcome the barriers to growth and become the market-leading businesses that the transition demands”.
[image credit: Green Retail World]
