GE and Carbon Trust Launch $5m European Low Carbon Incubation Fund
In an initial 18 month phase, the initiative will provide $5m to support new low carbon technologies in the area of infrastructure applications. The Carbon Trust and GE will work together to identify and evaluate early stage companies, then incubate and invest in those with the most potential.
The program is part of the $200m GE ecomagination Challenge, a global open innovation initiative with Venture Capital partners that launched in 2010 to find and fund the best ideas around clean tech technology.
The Carbon Trust is a not-for-profit company with the mission to accelerate the move to a low carbon economy, providing specialist support to business and the public sector to help cut carbon emissions, save energy and commercialise low carbon technologies.