Meet the potentially planet-saving companies joining gener8tor accelerator's first climate cohort
Summary
Theyre looking at diversity and inclusion as part of their benchmarking as well.At least 38% of the startups gener8tor works with have one founder of color, and 40% of the companies have at least one woman on the founding team.With this first climate cohort, the accelerator program is looking to mentor company founders on how best to get the traction and scale needed to turn their startup ideas into planet-saving success stories, according to Ryan Jeffery, the managing director of . and are working to ensure the farmers in Americas breadbasket are getting the financial incentives and rewards for cutting their carbon footprint along with their grains.Mycocycle: This innovative company out of Bolingbroke, IL, uses the fungus among us to turn trash into treasure. Founded by , company has a new application for new waste management practices through a patent-pending process that uses fungi to remove toxins from trash to create reusable value streams. The concentrated rays of the sun heat pressurized water at temperatures of up to 550 degrees celsius to be used in industrial applications. Industrial heating, Solar Steam founder well knows, accounts for around 22% of greenhouse gas emissions.For Jeffery, who previously worked as a serial entrepreneur and investor, these companies represent significant solutions to some of the big challenges of vehicle and home electrification, sustainable agriculture, industrial energy use, and waste management.Over the next three months, the founders of the five companies will receive coaching and mentorship along with $100,000 in exchange for a 7% equity stake to grow their businesses.