What are you most excited about at work right now? With our solution, utilities are getting themselves futures-proof for a sustainable, decentralized energy market. With the increasing share of renewables in the energy supply mix, existing tariff structures are largely outdated, and wholesale market prices are becoming more and more volatile. Our software helps utility companies to offer new products around renewable energy, for instance, energy sharing models or dynamic tariffs. Who does your product or solution help, and how? In addition, we are currently expanding into other European countries, so it will be great to expand our international network in the industry. I am looking forward to connecting with other climate tech startups, as I am sure we share similar questions and problems. What do you expect from the Venture Leaders roadshow, and how will it help you achieve your vision? research and we felt like there was huge potential in providing software for energy providers to push forward the integration of renewable energy sources. How and where did you come up with the idea for your startup?Īrne, Liliane, and I worked on this topic during our Ph.D. With our software, energy providers can set up energy communities in which households can share renewable energy from local assets like solar panels, biomass plants, or storage systems and pay dynamic real-time prices depending on whether renewable energy is available. from ETH Zurich in 2020įirst touchpoint with Venturelab: Venture Kick in 2020Įxplain in one or two short sentences what your startup does and why: We build software for energy providers to enable them to offer new products around renewables to their end customers. Allow us to introduce you to each of the Venture Leaders Cleantech 2022 ahead of the October 2022 roadshow in Munich: Meet Anselma Wörner, the co-founder and COO of Exnaton. During their roadshow, the Venture Leaders Cleantech will meet international investors and industry leaders and access industry-specific expertise and networks to grow their companies. The company so far has made four bets through the "Catalytic Capital" initiative, including in the Techstars Rising Stars fund, which offers $100,000 to entrepreneurs without deep-pocketed networks to bankroll fledgling startups, according to its website.Īmazon also invested in Collide Capital, Share Ventures and the Elevate Future Fund, it said.The Swiss National Startup Team welcomes new members: A jury selected 10 startups for the Venture Leaders program dedicated to the cleantech sector. Komorous said news that Amazon would invest as a so-called limited partner was unrelated to criticism and instead a way to "force multiply" investing and reach earlier-stage entrepreneurs.Īmazon will set up founders with its executives and other resources without taking a board seat, while leaving open a chance for direct investing in the future, he said. However, Amazon faced scrutiny for launching products that competed with startups it backed. The retailer's now $200-million Alexa Fund has directly invested in voice-technology companies. It also remains a small player in venture capital, dwarfed by rival Alphabet Inc (GOOGL.O), an arm of which has more than $8 billion under management. The news follows a similar effort by PayPal Holdings Inc (PYPL.O) last year committing $100 million to funds and depository institutions in support of women.Īmazon has at times stumbled on diversity as an employer, recently losing two of its most senior Black leaders. At the same time, "investors are being more cautious with the economy in its current state, so the need's even more critical." "There's a lot of data to support that these diverse groups and teams end up seeing more products reach market," he told Reuters. The company expects the initiative will lead to a financial return and new product development to benefit its customers, coupled with extra capital for those lacking access, said Nick Komorous, vice president of corporate development. It is focused on Black, Latino, female, Indigenous and lesbian, gay, bisexual, transgender, queer, intersex and asexual (LGBTQIA+) founders, Amazon said. The online retailer said it is aiming to put money into more than 10 funds supporting some 200 companies at or before the seed stage of investment, through 2023. Oct 5 (Reuters) - Inc (AMZN.O) is investing in outside venture capital funds for the first time, saying on Wednesday it planned to hand $150 million to firms that are backing underrepresented founders.
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