ENGIE Unveils Initiative to Back Climatech Startups
Dubbed ENGIE Factory, this initiative's primary goal is to collaborate with entrepreneurs to cultivate novel business models and support the development of viable startups.
ENGIE, a global player in low-carbon energy and services, has announced the launch of a venture studio aimed at bolstering climatech startups across the Middle East.[1]
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Dubbed ENGIE Factory, this initiative's primary goal is to collaborate with entrepreneurs to cultivate novel business models and support the development of viable startups.
Established in Singapore back in 2019, ENGIE has already nurtured more than 14 startups focused on addressing critical climate challenges.
These ventures range from endeavors aimed at decarbonizing hard-to-abate industries to initiatives facilitating the widespread adoption of renewable energy through innovative business models. Additionally, it has supported the creation of intelligent software solutions designed to streamline the energy transition process.
Now, ENGIE Factory sets its sights on the Middle East, inviting entrepreneurs and investors alike to participate in building the next generation of climatech startups in the region. By doing so, ENGIE aims to play a pivotal role in advancing essential decarbonization initiatives crucial for safeguarding the planet's future.
As climate concerns continue to escalate, initiatives like ENGIE serve as crucial drivers of innovation, paving the way for a more sustainable and resilient future for the region and beyond.