Berlin-based Atlantic Labs and FoodLabs, both European early stage tech and foodtech investors, announced on Wednesday that they have launched “Founders for Climate”, the first European climatetech Entrepreneur In Residence (EIR) programme.
With full assistance from Atlantic Labs and FoodLabs, EIRs participating in the programme will be able to investigate and evaluate their climatetech business concept to create their own enterprise.
What does the EIR programme offer?
The programme aims to incubate the smartest and brightest founders with the vision to create tech businesses that combat climate change. The programme is aimed at entrepreneurs who are beginning to develop a climatetech firm, or scientists or engineers who have an idea for a climatetech solution, even if they have no prior experience as entrepreneurs.
Christophe F. Maire, Founding Partner at Atlantic Labs and FoodLabs, says, “We strongly believe that entrepreneurs will bring solutions to one of the biggest issues today: the climate crisis. With our new ClimateTech EIR programme, we encourage entrepreneurial, scientific and technical talent to build companies that really matter and that have a positive impact.”
Both Berlin-based investors claim to have a strong track record in climatetech. For instance, Atlantic Labs is a backer of SecondCircle and its carbon capturing technology as well as battery recycling companies tozero and volytica. Since its inception five years ago, FoodLabs has focused on creating companies with a positive impact on the food industry with portfolio companies such as Mushlabs, Formo, Infarm, and Microharvest.
The Atlantic Labs and FoodLabs investment and operational teams will offer strategic sparring, mentorship, and hands-on operational assistance to entrepreneurs as part of the EIR programme. Participants will also have access to the firm’s global network and portfolio of +150 companies.
Applications can be submitted here.
Brief about FoodLabs and Atlantic Labs
FoodLabs is a pan-European early-stage VC investor and venture studio for food, sustainability and health. Since 2016, the firm has backed more than 50 early-stage foodtech companies. FoodLabs claims that it invests in companies along the entire value chain of the food industry and has been an early investor in some of the most seminal, fastest-growing European foodtech startups.
Atlantic Labs is a European pre-Seed fund. Since 2013, it has acted as lead investor in 100+ early-stage companies. The firm says it helps companies succeed and find strong international follow-on investors.
Atlantic Labs invests in areas including digital health, future of work, mobility, industrial automation, AI, fintech and proptech. Some of its early investments are companies including SoundCloud, GetYourGuide, Omio, Zenjob, Choco, and Wandelbots.
