Dimitri + Claude 2
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Oct 19, 2022
Discover What's happening at Wolves Summit Vienna...
The Vienna Wolves Summit was a valuable chance for Margareta and Dimitri to interact with a wide range of investors, startups, and other individuals involved in the technology sector. The conference's specific focus on investing in climate technology in the Central and Eastern European (CEE) region is particularly pertinent in light of the growing global priority on sustainability and addressing climate change.
During the summit, the PwC Net Zero Future50 report was published, which presented noteworthy observations and insights regarding climate tech investments in the CEE region. The report revealed that investments in this field have experienced a significant increase, going from US$10.6m in 2013 to over US$502m in the first half of 2021. However, these investments are heavily focused on specific industries and countries. For instance, the Mobility and Transport sector received the largest portion of climate tech funding, while 74.8% of the total investment in the region was raised by startups in Estonia and Lithuania.
The Net Zero Future50 report - CEE Edition by PWC examines the potential for climate tech start-ups in helping to reduce emissions. The report focuses on the Central and Eastern European region and identifies 50 innovative companies that offer various opportunities for decarbonization. To learn more about these start-ups and their impact, please visit the following link: https://www.pwc.com/c1/en/esg-in-cee/future50-cee.html?utm_source=startups&utm_medium=social&utm_campaign=launch.
Despite being the biggest economy in the CEE region, Poland has only been able to secure 4.65% of the total climate technology funding from 2013 to the first half of 2021. Notably, there is a lack of funding in crucial sectors such as Food, Agriculture, and Land Use, as well as the Energy sector.
In the CEE region, a report was conducted which featured 50 climate tech startups with a focus on their maturity level, potential for growth, and impact on the environment. These startups originated from twelve different countries, with a significant number coming from Poland and Estonia. Surprisingly, most of these startups are still in their early stages, with only 20% having successfully secured Series A/B funding.
According to the report, the main finding is that the climate technology industry in CEE is not as developed as other areas, but there is considerable potential for expansion and variety. This circumstance creates chances for venture capitalists who are looking to invest in pre-seed, seed, growth, and early-stage companies within the climate technology field.
The collaboration between Wolves Summit and PwC in producing this report highlights the significance of platforms that bring together startups, investors, and partners in order to foster innovation and growth in crucial industries such as climate technology. This type of partnership appears essential in driving forward solutions for climate technology and promoting investor support for climate-conscious entrepreneurs, as emphasized by Agnieszka Gajewska, ESG Leader for PwC CEE.
The Wolves Summit proved to be a valuable opportunity for networking and gaining knowledge. The attendance was overall successful in both aspects.