Jeremy and Zarmeen spoke with Felicity Thomas and Candice Bourke about venture capital, impact investment and sustainable finance
Finnish cleantech company SpinDrive has raised 1.6 M€ in pre-Series A funding round. SpinDrive improves the energy efficiency of industrial processes by providing active magnetic bearings to equipment manufacturers easily and affordably. Magnetic bearings are digital bearings that enable to reach the highest possible rotational speed and completely eliminate friction. SpinDrive solution reduces rotating equipment lifecycle costs by 35%.
SDGx participates in the AU$3.7 million pre-Series A funding round of Sicona Battery Technologies, a groundbreaking battery materials technology company.
The scientific evidence points to the fact that we simply cannot isolate financial return from other effects: there must also be a transition from short-termism to thinking more clearly about longer-term outcomes that are for the benefit of the greater good and this requires the primary purpose at the outset to shift from solely financial gains to equal gains for people, planet and profits.
To achieve net-zero emissions we believe it is essential to invest in and build a portfolio of technology companies that have the potential to reduce GHG emissions by 0.5 gigatons per year within 10 years.
VCs and LPs are finally opening up to the idea of non-financial returns, in particular to ESG and impact factors. But when it comes to working these factors into their operations, there’s still a lot of confusion.
Climate change is the world’s biggest problem. Deep technology investment is our greatest opportunity.
In Part II of the EcoLabs-SDGx Webinar Series, we will focus on Startup Ecosystems in Europe. We will showcase the strength of the European ecosystem, what you should look out for and how to engage and identify startups in the region. We will dive into the differences in the Venture Capital world and funding world in Europe compared to the United States and the Asia Pacific, as well as identify opportunities for Asian Venture Capitalists (VCs), Venture Capitalists, Private Equity (PE) firms and family offices.
Nobel Peace Prize Laureate, Professor Muhammad Yunus (founder) and Dr. Faiz Shah (director) of the Yunus Center at the Asian Institute of Technology, are establishing a social business deep technology research lab in partnership with deep tech research, consulting, and investment group, SDGx.