This week, Resolve Ventures, an Irish development and growth capital fund management company, announced its new Climate Impact Fund, following successful support from the Irish Innovation Seed Fund.
The fund, approved by the European Investment Fund, Enterprise Ireland, and NTMA Ireland Strategic Investment Fund, will be used to seed and advise Irish early-stage breakthrough companies operating in sustainability and climate tech with sectoral focus on energy, agriculture, mobility, construction, smart consumerism and resource management.
Cultivating and scaling sustainability startups is key to ensuring the rapid decarbonisation of the Irish and wider global economy, in compliance with legally-binding targets. Resolve Ventures will develop a portfolio of decarbonisation solutions that are nature-positive, equitable, and aligned with the UN Sustainable Development Goals.
Partners David Scanlon and Alan Costello, intend to not only provide investment but also foster and guide the venture ecosystem, drawing from extensive expertise in the Irish tech start-up landscape and the field of envirotech, .
David Scanlon, managing partner of Resolve Ventures, said:
“We are delighted with the significant amount of funding secured to date. At Resolve Ventures, we believe in investing in our future and doing our part in delivering the impact momentum necessary to attain the targets prescribed by the UN Sustainable Development Goals.
Through this fund, we hope to aid innovative tech solutions to power the decarbonisation of our food, energy, transport, and consumption systems.
This fund isn't just beneficial for the environment we all live in. Still, it makes strong economic sense: governments, utilities, and multinational corporations will be required to invest and spend heavily on sustainability in the coming years."
Lead image: Alan Costello and David Scanlon, Resolve Ventures. Photo: Uncredited.