The Biden administration and the EU have committed billions over the coming years to support innovation in climate technologies. This discussion will help founders of aspiring and existing startups understand the various programs and instruments available and learn how to increase their chances of receiving both support and non-dilutive funding.
The National Science Foundation (NSF) runs the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, encouraging domestic small businesses to engage in Federal Research/Research and Development with the potential for commercialization. Those programs are often called “America’s Seed Fund” as they invest billions in startups (up to $2 million in an average of 400 startups per year).
ARPA-E is the Advanced Research Projects Agency – Energy, from the U.S. Department of Energy. It supports projects related to energy production and storage, transportation, building efficiency, and more.
The European Innovation Council (EIC) reports to the European Commission and manages part of the budget (100 billion euros) set for research and innovation for 2021-2027. It allocates grants to EU-based projects up to 2.5 million euros and equity investments up to 50 million euros. Approximately 50 green projects are funded every year.
- Dr. Rajesh Mehta, SBIR/STTR Program Director, Environmental Technologies, NSF
- Dr. Jennifer Gerbi, Acting Director, ARPA-E
- Dr. Francesco Matteucci, Program Manager in Green Technologies, EIC and SMEs Executive Agency (EISMEA)
SOSV expresses its thanks to the above organizations for their support of several startups in our portfolio. We also recommend checking the recordings of the recent ARPA-E Summit.
The SOSV Climate Tech Summit is taking place online on October 20-21. It is a gathering to support Climate Tech innovators and investors across all sectors.