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From solar-powered dryers to plastic decontaminators: Here's why green tech needs investment

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By illuminem briefings 🌎

· 2 min read


Illuminem summarizes for you the essential news of the day. Read the full piece on World Economic Forum or enjoy below:

🗞️ Driving the news: The World Economic Forum's UpLink initiative, in partnership with Deloitte and Salesforce, is creating an innovation ecosystem to support impact entrepreneurs
• UpLink connects them with resources, experts, and vital funding, with examples including Indian-based S4S Technologies, American company Pano AI, and Brazilian start-up Eco Panplas, each offering innovative solutions to global environmental issues

🔭 The context: Breakthrough technologies and early-stage entrepreneurs are a core pillar in combating climate change, achieving the Sustainable Development Goals (SDGs) and building a more resilient future
• There is currently a scarcity of venture capital for these entrepreneurs

🌍 Why it matters for the planet: These early-stage startups address critical environmental challenges like food waste, wildfire detection, and plastic pollution
• Their technologies are vital for transitioning to a more sustainable, circular economy and mitigating the worst effects of climate change

⏭️ What's next: There is a growing emphasis on supporting these ventures, particularly those focused on nature and biodiversity
• Top Investors and large corporations are increasingly recognizing the importance of funding and scaling these innovative solutions

📈 One stat: The worldwide impact investing market has grown to $1.16 trillion, but only 5% currently flows to early-stage companies

Click for more news covering the latest on green tech

 

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