On the 16th of December, the Climate Innovation Vouchers Awards took place in Kyiv, Ukraine. EBRD awarded 13 innovative startups and SMEs from Ukraine with Climate Innovation Vouchers.
This year €500,000 in total was granted to 13 Ukrainian startups and SMEs. Carbominer and the other 12 grantees will receive up to €50,000 each to develop and implement new promising green technologies.
How EBRD supports Ukraine
The Climate Innovation Vouchers is a grant competition to support climate tech and sustainability companies, funded by European Bank for Reconstruction and Development and the European Union, and implemented by Greencubator, a non-profit organization supporting Ukrainian green innovations.
The main goal of the program is to support companies with green technologies. For instance, companies that:
● Reduce the use of fossil fuels and energy
● Increase the use of renewable energy sources
● Reduce emissions of NO2 or methane from agricultural processes
● Facilitate adaptation to climate change
● Reduce greenhouse gas emissions in any other way
Importantly, companies that implement climate change innovations with this grant should do this together with companies that provide service. Service providers are contractors who can help implement such projects and have the necessary expertise.
Climate Innovation Vouchers grant
The grant will cover the costs of further patent protection of Carbominer’s CO₂ Direct Air Capture technology, as well as the development of an application for remote monitoring of our equipment. The funding is dedicated to covering 75% of eligible project costs.
We at Carbominer feel grateful to the EBRD evaluators and competition organizers for their support and to the other 12 winners for paving the way to a green future for Ukraine even amidst the war.
The Climate Innovation Vouchers program is part of the EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC). The EU supports it through its EU4Climate initiative. As a result, the EBRD and EU have awarded over €1 million to 30 local companies to date.
You can learn more about the program at the official site: https://climate.biz/en/