The Sustainable Accelerator is led by Sustainable Ventures with an aim of empowering the next generation of businesses supporting the circular economy and redefining the way we consume energy, manage waste, clean air, and apply smart resource technology.
With £300,000 already invested by the London Waste and Recycling Board (LWARB), the fund has raised over £700,000 via crowdfunding platform Seedrs, 22% over its original target of £600,000.
“To us it is clear, now is the time to be actively supporting these new innovations and ideas”
The fund is to provide investment to start-ups accepted into the Sustainable Accelerator programme.
The Fund will invest between £50k-£250k into around 10 high potential sustainability businesses.
The Sustainable Accelerator will provide a 1 year programme of expert mentorship, network introductions, fundraising support, and growth services to the selected.
“Now, more than ever, entrepreneurs are building ground-breaking sustainability technologies at pace, and monetising changes in resource economics,” the company says. “To us it is clear, now is the time to be actively supporting these new innovations and ideas.
“Sustainable Accelerator is an extension of our original vision – to fund and nurture commercially sound sustainability companies – and is built to provide both the tangible and intangible resources start-ups need in their first few years.”
Applications for funding are open on the Sustainability Accelerator website.