EIT Climate-KIC and BGI offer funding of up to € 20.000 to Mediterranean start-ups

EIT Climate-KIC and deep tech start-up accelerator Building Global Innovators (BGI) announce the opening of applications for the MED ClimAccelerator, aimed at cleantech start-ups in the Mediterranean region focused on sustainable development and climate change. The accelerator is intended for projects that have already passed the ideation stage are in the market-entry process. 

In addition to financial support of up to € 20.000, the selected start-ups will receive high-level training from specialised experts and mentors in the sector. The training will be designed according to the development phase of each start-up and will include guidance in defining and validating the business model, support in financial and business planning, and access to investors in the BGI network.

Lisbon-based BGI is the ClimAccelerator partner responsible for implementing the programme in Portugal. The other consortium partners include Chrysalis LEAP from Cyprus and the Malta College of Arts, Science and Technology (MCAST) in Malta. For the second year running, these three strategic partners aim to establish a regional accelerator ecosystem to support cleantech start-ups in the Mediterranean region, bridging the gap with the Middle East, North Africa and Southern Europe.

According to data from Statista, Europe was responsible for the second largest share of investment (21%) in start-ups focused on combating climate change between the second half of 2020 and the first half of 2021. “Part of these results is due to the efforts that the EIT Climate-KIC community has been doing in this area, specifically in catalysing and fostering innovation, by encouraging start-ups, SMEs and individual entrepreneurs,” said Cláudia Carocha, Sustainability & Food Manager at BGI.

Interested candidates can submit their application until 18 June through the MED ClimAccelerator website

For more questions please contact:

Patrícia Serrano, Marketing and Communications Director at BGI