The principal aim of Carbon Trust Entrepreneurs Fast Track will be to accelerate the commercialisation of UK early stage cleantech companies.
Minister for Energy & Climate Change, Greg Barker, says: “Low-carbon investment is a vital part of our economic recovery. The Entrepreneurs Fast Track service will give a much needed boost to innovative companies developing green technologies. This will be vital in growing the UK’s low carbon industry, creating new jobs across the country and tackling climate change.”
The Carbon Trust Entrepreneurs Fast Track will provide a customised package of research and development funding, expert advice and enhanced networking opportunities, to leading UK cleantech ventures with high growth potential.
Tom Delay, Chief Executive of the Carbon Trust says: “The UK has great entrepreneurial talent and many promising low-carbon ideas. But early-stage companies struggle to make the transition from concept to commercialisation owing to the high-risk nature of such ventures, and the associated difficulty in attracting financing and managerial talent. The Entrepreneurs Fast Track aims to de-risk these ventures by advancing technology development and building a solid commercial foundation for growth.”