Monday, March 4, 2024
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[Funding alert] Resolve Ventures launches €30M Fund for Irish Tech Startups that Tackle Climate Crisis

Resolve Ventures launches €30M Fund for Irish tech startups that tackle climate crisis. The European Investment Fund, Enterprise Ireland, NTMA Ireland Strategic Investment Fund, and the Irish Innovation Seed Fund have all authorised the fund.

Resolve Ventures launches €30M Fund for Irish tech startups that tackle climate crisis. The European Investment Fund, Enterprise Ireland, NTMA Ireland Strategic Investment Fund, and the Irish Innovation Seed Fund have all authorised the fund.

Read also – Madrid-based Electric Mobility Velca Secures €5.3 Million in Series A Round Funding

Minister for Enterprise, Trade & Employment, Simon Coveney TD said, “This allocation to Resolve Ventures continues to reflect the government’s recognition that if new companies are not supported at the seed and early stage, it creates an issue where there will not be enough scalable indigenous companies available later in the development lifecycle.”

Early-stage Irish enterprises in the fields of sustainability and climate tech—more specifically, energy, agriculture, mobility, building, smart consumption, and resource management—will get advice and assistance from this programme.

Read also – German Startup Unchained Robotics Secures €5.5 Million in Funding

Investing in impactful enterprises is essential for global sustainable development, particularly in light of the climate and biodiversity crises we are facing. Irish companies may help cut carbon emissions by utilising a technology ecosystem.

By fostering and growing sustainability firms, Resolve Ventures hopes to play a significant part in accelerating decarbonization in keeping with legally required targets.

Scanlon says, “We are delighted with the significant amount of funding secured to date. At Resolve Ventures, we believe in investing in our future and doing our part in delivering the impact momentum necessary to attain the targets prescribed by the UN Sustainable Development Goals. Through this fund, we hope to aid innovative tech solutions that will power the decarbonisation of our food, energy, transport, and consumption systems. This fund isn’t just beneficial for the environment we all live in, but it makes strong economic sense: governments, utilities, and multinational corporations will be required to invest and spend heavily on sustainability in the coming years in alignment with both the National Development Plan and Climate Action Plan.”

About Resolve Ventures

Resolve Ventures Established in 2023 by David Scanlon and Alan Costello, the organisation aims to assess and provide a collection of fair, environmentally friendly solutions that are in line with the United Nations Sustainable Development Goals.

Read also – Danish Startup BeCause Secures $1.9 Million in Seed Funding

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