<
https://reneweconomy.com.au/new-150m-fund-targets-net-zero-disruption-start-ups-across-energy-transport-recycling/>
"A rapidly growing specialist investment firm has launched a $150 million
venture capital fund to support climate and nature start-ups across five
emerging sectors.
Pollination, founded five years ago by climate and environmental law expert
Martijn Wilder, will hand-pick companies for up to $12 million in funding to
develop prototypes or scale up to meet demand for new products.
“This is a significant development that comes at the right time,” Mr Wilder,
who’s also chair of the nation’s $15 billion National Reconstruction Fund
Corporation, said on Wednesday.
With an undisclosed cornerstone commitment from Queensland Investment
Corporation, Pollination’s new fund will target energy, transport, food and
agriculture, carbon and nature management, and the emerging circular economy of
recycling and reuse.
Pollination chief investment officer Diana Callebaut told
AAP that those five
areas had the most impact and potential in Australia.
“We’re not as mature in our climate and nature investing as other jurisdictions
which, again, provides a great opportunity for growth on a relative basis,” Ms
Callebaut said.
She said Australia was “very attractive” for early-stage investment and had an
advantage in energy markets, carbon measurement and land regeneration, in
particular.
The fund expects to begin making investments in late 2024 and will take three
to five years to allocate capital, with a heavier concentration in the early
years and the prospect of reinvestment."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
