International law firm Simmons & Simmons has announced the winners of its third GreenTech Fund cohort. This initiative is one of the many testaments to the firm's ongoing commitment to fostering sustainable and innovative start-ups that are tackling today's urgent environmental and biodiversity challenges.
The victors of the 2024 GreenTech Fund, electron, minimass, Mykor Ltd, and Rare Earth Global, have been chosen through a rigorous application and interview procedure. These enterprises have crafted solutions for a variety of issues, from decarbonising the construction sector or hemp supply chain to unleashing renewable abundance.
electron
electron is a providor of marketplace software for flexibility and distributed energy, hastening the shift to Net Zero by unlocking the potential of renewable resources.
minimass
minimass™ is pioneering low-carbon, cost-effective, 3D printed concrete beams to reduce the carbon footprint in the construction industry.
Mykor
Mykor is a biotechnology and advanced materials company, producing insulation panels from industrial waste and mycelium through 3D printing.
Rare Earth Global
Rare Earth Global is a climate tech venture that is shaping a hemp supply chain platform, delivering decarbonised products derived from the hemp plant for industrial and consumer needs.
Each of the five distinguished businesses will be the recipient of legal counsel valued at £25,000 from Simmons' team of lawyers.
Rob Allen, a partner who played a key role in sponsoring the initiative, expressed a palpable sense of anticipation about the forthcoming collaboration with the winners. He emphasised the firm's readiness to handle the legal complexities, allowing these innovators to concentrate on their crucial work.
Ali Crosthwaite, Co-chair of the Green Room, shared Rob's enthusiasm. She praised the exceptional talent pool of applicants, highlighting their potential to shape a greener future. She further stated: "Our team is on the edge of our seats, eager to join forces with our new cohort. We are committed to facilitating their journey towards achieving their goals and making an impact. We are also hopeful that the success stories of our GreenTech Fund winners will ignite a spark in others, encouraging the creation of equally inventive solutions to tackle the pressing climate and biodiversity crises."
