Carbon Delta and rePATRN in the finals of the Climate-KIC venture competition

The Venture Competition brings together 15 of the most promising start-ups from all over Europe. Two Swiss companies were selected for the European Final in Frankfurt am Main on 8 November during the Climate Innovation Summit.

The finalists of the Venture Competition are the most successful start-ups within the Climate-KIC Accelerator. Each of these start-ups has the potential to become a leader in Europe when it comes to providing commercial solutions to climate change. Each Climate-KIC Accelerator location has selected their two best start-ups to go to the finals.

The winner and runner up will receive €80,000 and €50,000 respectively, to be used for the start-ups’ growth and scale-up activities – and result in increased climate impact. Both winners will become official Partners of the Climate-KIC community, and will have the opportunity to become an integral part of its collaborative innovation network.

The Swiss finalists are: Carbon Delta and rePATRN.

Carbon Delta is a Zurich-based environmental fintech that produces research focusing on identifying and analyzing the climate change resilience of publicly traded companies. The heart of Carbon Delta’s evaluation system is a model that calculates the Climate Change Value at Risk (Climate VaR) for thousands of companies, where we identify how much a company’s value is possibly affected by climate change. Carbon Delta’s goal is to alert investors of the climate risk profile of companies, uncovering a global risk for the financial system, which until now has been under-evaluated. The start-up sells its analysis to investment firms on a subscription basis.

It is rePATRN’s vision is to impact communities and the environment in developing countries by radically changing the way people look at plastic bottles. The team of the start-up firmly believe that by ensuring their plastic bottle flakes are used in long-lasting and high-quality products, they are able to re-pattern people’s minds and stop them from perceiving plastic bottles as waste – but as a precious and useful new resource.

(Press release)