A climate tech workspace, business support and investment specialist has announced its expansion into Scotland
Sustainable Ventures, one of the leading climate tech hubs outside the US, is to partner on a new Glasgow hub with the national Techscaler startup education programme.
The company, which has offices in London, Manchester and Cambridge, has helped 700 climate tech companies jointly raise over £1.1 billion and created over 6,000 jobs.
With over 1,000 innovators based at their HQ Workspace in London, it has led 53 investments via seven funds to date make the firm one of UK’s most active early-stage climate tech investors.
Techscaler, the Scottish Government’s tech startup programme run by CodeBase, already supports in the region of 100 climate tech companies across Scotland, who will get access to Sustainable Ventures programmes.
Garry Boyle, regional development associate, Sustainable Ventures, said: “We’re excited by our expansion into Scotland, and the move illustrates the importance and potential of climate tech and energy transition here.
“The overall plan is focussed on leveraging capital from London into Scotland alongside specialist support to help Scotland transition to net zero. We can’t wait to get started, and to get to work with founders and startups here.”
Alongside its venture capital arm, Sustainable Ventures works closely with portfolio companies through intensive 12-month programmes, one-to-one support, and the provision of professional services, to help accelerate growth and secure future funding rounds.
Yasmin Sulaiman, Senior VP of ecosystems, CodeBase, said: “Sustainable Ventures is globally recognised for its commitment to providing space, community, funding, and general support to many of the UK’s most promising climate tech startups, so their decision to launch a hub here in Scotland is great news for our fast-growing climate tech sector and the overall push towards green transition.”
Deputy First Minister Kate Forbes said: “Unlocking the ideas and innovation that will support the journey to net zero is crucial, and Scotland is already home to a significant number of startups and businesses developing important solutions to global challenges.
“This new partnership will help out newest and most exciting business ventures to develop and scale the technologies and products that will become increasingly important in the coming years, while driving Glasgow’s economy and growing its reputation as a thriving, innovative city.”
