MITO INSIGHTS #1: Weekly News Shaping Our World
MITO Technology
Our ambition is to capture innovation when it is still barely visible and turn it into a game-changer.
Welcome to MITO INSIGHTS, our weekly newsletter! From time to time, we take stance on the most controversial issues of our job, as advisors on a mission to give our contribution to Net Zero. With MITO INSIGHTS we share our thoughts with the aim of stimulating a debate and avoiding that certain topics lose centrality in the collective undertaking a transition towards a more sustainable world.
This issue highlights (i) recent initiative to support first-of-a-kind facilities, (ii) ?Germany’s bold initiative to boost startups, (iii) a reent study on temperature fluctuations over the last 585 million years, and more
KEY NEWS HIGHLIGHTS
Third-Derivative launches Mark1: the first developer-as-a-service for unique climate projects
This new tool aims to facilitate access to capital for complex climate projects, offering a crucial opportunity for large-scale climate tech startup. The experimental?approach aims at solving one of the currently most relevant barriers to scaling-up new climate companies.
Germany unveils €12bn initiative to boost the startup scene
A major push from the German government to support startups, with significant implications also for the cleantech sector. Possibly, an example to follow.
Fun read: A comprehensive climate dictionary for beginners
An accessible guide to understanding key terms in climate science, perfect for those new to the field. Climate Tech lingo is sometimes used with very little proficiency and precision.
Climate venture funds explore the opportunity to "go retail"
Venture capital funds in the climate space are exploring new ways to involve retail investors in breakthrough technologies. Whether or not this will succeed as a strategy, it is quite telling of the fundraising environment we’re living in.
领英推荐
A study on climate fluctuation over the last 485 million years
Published in Science, this research delves into long-term climate patterns with implications for understanding future shifts. A very well structured, articulated summary – strongly recommended.
Oxford Institute for Energy Studies on geologic hydrogen
A recent publication analyzing the potential role of natural geologic hydrogen in a net-zero carbon future, with cautious investment recommendations. We post it here to help put in the right perspective news-press and media-hype on topics which are still?very far away from a practical, large scale exploitation.
OUR LATEST NEWS
MITO Technology announces € 55 M first closing of MITO Tech Ventures, focusing on technologies for the green transition and decarbonization
MITO Technology announces the first closing of MITO Tech Ventures, the first Italian venture capital fund in compliance with Article 9 of the SFDR regulation dedicated to investing in startups aiming to support the green transition and decarbonisation.
The fund has raised commitments totalling €55 million, subscribed by the European Investment Fund (EIF) and CDP Venture Capital S.G.R. The two anchor investors are joined by IREN S.p.a., a leading Italian player in the multi-service sector, Inarcassa, and several family offices, some of which are very active in impact investing.
The Fund's investment strategy aim to make about 25 investments in technologies aimed at reducing carbon dioxide emissions in the energy and environmental fields, area and environmental construction, mobility, and heavy industry.
?The fund has a target size of €90 million, with a hard cap of €120 million. Additionally, 30% of the carried interest reserved for the investment team will be linked to achieving quantified environmental impact targets.
MITO Technology is the sponsor and advisor of the fund, thanks to a team with diverse and complementary skills, ranging from technology transfer to innovation financing, from intellectual property valorisation to business development and scale-up support for technology-driven companies.
MITO Technology team, commented: "We are proud of the confidence shown by the investors. It confirms the work done with the management of the first vintage and the appreciation of the new climate tech fund. Investing in technologies to fight climate change is not only a strategic choice for our planet and our country but also an extraordinary opportunity to generate economic and social value on a global scale. Italy's exceptional capacity to produce technologies for sustainable innovation, if properly translated into successful startups, can also make us a world leader in this field. MITO Tech Venture's commitment is precisely in this direction, supporting technologically sound founding teams that develop solutions capable of transforming environmental challenges into opportunities for sustainable growth."