Climate 10x Accelerator
High impact solutions decarbonising the planet
Our mission is to move the needle on decarbonisation, accelerate the transition to renewables and to strengthen the circular economy. Transforming climate solutions into high-impact, scalable tech companies.
In collaboration with Virescent Ventures, Climate 10x provides climate tech founders with the expert support, capital and networks to make this happen.
Pre X in May 🚀 Accelerator begins August 2024.
Previous info session: watch a recording here.
How to Ace your Application: watch a recording here.
NPS score from historical cohorts across all our 10x accelerator programs.
The Program
The Climate 10x Accelerator program was established in 2023 as part of the Trailblazer for Recycling and Clean Energy (TRaCE), a federally funded program awarded to the University of New South Wales (UNSW) and the University of Newcastle (UoN) to boost R&D and drive commercialisation outcomes. The aim is to help Australia and the world transition to sustainable recycling and clean energy solutions and systems.
Climate 10x is specifically focused on fast-tracking the business growth of climate tech start-ups, whose innovation has a significant impact on emissions reduction, improves the resilience and adaptability of existing infrastructure, allows for a faster transition to renewable energy sources or grows the circular economy.
As part of the Climate 10x Accelerator, UNSW & Virescent Ventures will be investing up to $330,000 into the startups accepted onto the program.
UNSW Founders Portfolio
Program Benefits
10 weeks of accelerated learning from leading entrepreneurial and climate industry experts and founders
A tailored mentoring & coaching support team including one of our mentors, your dedicated Entrepreneur-in-Residence and your C10x PM.
Seed funding through a SAFE agreements from UNSW and Virescent Ventures.
Access to a world-class network of makerspaces and R&D Infrastructure to ideate and prototype with UNSW’s prototyping coaches
Validation of your business idea, solution or research application
The opportunity to build, refine or scale your business model and become investment ready
Networking and peer-to-peer support to build your confidence and networks
An opportunity to pitch your startup to investors at the Climate 10x Demo Night
Investment
This year we have investment options for both early- and later-stage startups.
Later-stage: $330k from Virescent and UNSW (300k from Virescent and 30k from UNSW)
Earlier-stage: $120k from UNSW
Post Program Support
Access to UNSW Founders Perks up to the value of $1M
6 months access to co-working space on the UNSW Kensington, plus ongoing access to prototyping and R&D infrastructure through UNSW and partners.
Ongoing tailored support post-program for capital raising, PR, going global, PhD internships and more.
Strategic Partners
Climate 10x is proud to partner with Virescent Ventures, a specialist climate technology fund born out of the Clean Energy Finance Corporation that invests into startups accepted into the program. Virescent bring a depth of experience and understanding of what it means to build a climate tech company and are committed to scaling founders, technologies and businesses that help achieve zero emissions.
Through UNSW Founders, TRaCE and Virescent, Climate 10x is backed by a number of climate experts, industry, research & capital partners - who can provide the relevant networks knowledge and infrastructure to help build and scale a deep-tech company in a developing industry.
If you have a high-impact, scalable solution, that will help Australia and the world transition to an economic and environmentally sustainable society, Climate 10x can take you there faster.
Trailblazer for Recycling & Clean Energy (TRaCE)
Climate 10x is supported by TRaCE, aiming to fast track our transition to net zero by developing the next generation of tech solutions with industry and academia. Participants benefit from access to:
R&D vouchers: matched funding up to $50k towards a collaboration with UNSW researchers
Tech Transfer Squad: a specialist team of electrical engineers that can help you develop solutions and overcome technical barriers quickly.
UNSW networks and researchers
Essentials
Key Dates
Climate 10x Accelerator 2024 Dates
Info Session: 28 February (register here)
Pre-Accelerator: 2-30 May (more info here)
10x Applications open: 12 April
10x Applications close: 20 May
10x Bootcamp: 1-2 August
10x Program commences: 7 August
10x Program concludes: 9 October
10x Demo Day: 24 October
Eligibility
To gain a place on the program, you must meet the below conditions:
You are a founder or co-founder of a currently operating Australian startup (from any university, organisation or completely independent)
You have an Australian registered company (Pty Ltd) to enter the accelerator phase of the program
You are focused on developing an early-stage climate technology within renewable energy, energy efficiency, low emissions technologies, or supporting technologies
You have clean IP ownership
Can commit to participating in the program for its duration approximately 12-15 hours per week during the 10-week Accelerator phase
If you have any questions around eligibility, please feel free to contact UNSW Founders or submit your expression of interest and the team will get in touch to chat with you.
Is Climate 10x for me?
We are looking for founders and startups who:
Have an Australian-based startup with a climate tech or clean energy-related solution (TRL 3+), which has raised less than ~$3-5M
Have the capacity to have at least 1 full-time founder fully participate in the program
Are committed to building a scalable business
Have completed some market validation already
Want to participate in an intensive modular program
Want to learn new startup frameworks to practice and implement
Are keen to access TRaCE and UNSW’s outstanding network of founders, mentors, researchers, investors and industry partners with climate tech and entrepreneurial domain expertise
Could benefit from access to prototyping or R&D infrastructure
Meet a few of our Founders
Goran Bozic & Shawn Kook from DeCarice
-
DeCarice focuses on the practical decarbonisation of diesel assets. Utilising findings from the UNSW Engine Research Laboratory, they're advancing solutions that allow diesel engines to run on up to 90% hydrogen fuel. This transition results in a CO2 emission reduction of over 70%.
Ailar, Niousha & Soheil from SoNiA Greentech
-
SONIA has revolutionised the asphalt industry through the implementation of an innovative technology that reduces costs and minimizes energy consumption. The company addresses challenges in the use of Polymer Modified Bitumen, a crucial component in asphalt mixture, leading to 90% reduction in energy consumption during production, while enabling storage and transportation at ambient temperatures, eliminating issues in the transport of PMB over long distances and reducing energy consumption. SONIA is further contributing to environmental sustainability by substituting virgin polymers with waste plastics.
Joe Ayrookaran & Brian Winship from WorkbenchX
-
WorkbenchX is building an innovative network platform that bridges original equipment manufacturers, equipment users, and service providers to build a circular industrial economy. WorkbenchX makes it easy to identify high-value circular loops of reuse, refurbishment, remanufacture, and recycling to retain maximum value and minimize wastage of embodied energy.Today, Conserving embodied energy by executing circular economy principles in heavy industrial components supply chain has the potential to save 100s of TWh of energy and avoids generating 10s of millions tons of CO2 annually. WorkbenchX is currently focussed on quality management and reverse logistics challenges of end of use industrial equipment and components.
Read all about us in the news
