Climate Solutions Prize: More than $1.3 Million Awarded to Israeli Climate Tech Startups
Summary
The initiative, designed to award the best and brightest climate tech startups throughout Israel, provides access to investment, partnership opportunities with global MNCs, and exposure at COP28 to global solution seekers, to promote scalable, sustainable solutions to pressing environmental challenges.The winners of this years challenges: Capital Natures $1M Flagship Investment for TRL 4+ companies with innovative solutions which address the climate crisis awarded to Filo Systems for their data compression engine that provides optimized storage and networking savings, enabling significantly lower energy consumption and cooling costs for data centers across the world. Temasek Foundations Disruptive Decarbonization Prize for innovative decarbonization solutions helping urban cities remove carbon emissions at scale: awarded to Electriq for their innovative powder hydrogen carrier that can be transported in ambient and non-pressurized conditions simplifying storage, transport, and use of hydrogen in off-grid applications and long-term storage. Continentals Sustainable Materials for Automotive ApplicationsChallenge for new, novel materials for automotive applications that support Continentals target to achieve 100% carbon neutrality and emission-free mobility by 2050 awarded to Biotic for enabling optimal transition from fossil fuel plastics with a scalable, fully biological, environmentally friendly process, contributing towards reducing greenhouse gas emissions. ESILs Early-Stage Funding Challenge for scaling DeepTech solutions to climate-related challenges, and providing know-how, up to 2M NIS of funding, network, and pilot facilities: awarded to BaTTeRi, an innovative EV Charging as a Service (CaaS) company with a zero-infrastructure method based on a proprietary charging robot, Thomas. Embracing sustainability in automotive development is a strategic imperative and we were really impressed with Biotic\xb4s approach to it.We at Capital Nature continue to support the local innovation ecosystem by investing in decarbonization solutions for a healthier planet, and we thank both SNC and CSP Organization alongside all other partners for their joint partnership, said Ofir Gomeh, General Manager, Capital Nature.The 2023 Israeli Climate Tech Landscape Map details leading companies with solutions addressing the climate crisis.