Europe’s largest climate tech hub, Sustainable Ventures, has joined forces with independent technology innovation catalyst CPI. Their mission: to empower innovative hydrogen startups in scaling their operations over the next 12 to 18 months, fueled by a substantial £1.5 million private investment.
Spearheading this initiative is Sustainable Ventures, selected to helm the government-supported hydrogen program in Manchester. The city, already renowned for its thriving climate tech hub, now serves as the launchpad for a revolution in green innovation. With Sustainable Ventures leading the charge, Manchester is poised to become a nucleus of hydrogen advancement, propelling the North West into the spotlight as a burgeoning hydrogen hub.
The significance of this partnership extends far beyond the realms of innovation. Hydrogen, identified by the government as a pivotal sector, holds the key to unlocking not just 12,000 jobs but also a staggering £11 billion of investment by 2030. By spotlighting the viability of hydrogen potential in the UK, this collaboration promises to reshape the economic landscape, heralding a new era of sustainable growth.
Why Sustainable Ventures? The answer lies in its unparalleled track record. With a legacy of nurturing startups to rapid scalability, Sustainable Ventures boasts a remarkable 85% survival rate among the startups it supports. Having facilitated over £1 billion in funding and generated more than 5,500 green jobs, Sustainable Ventures stands as a beacon of success in the realm of climate tech innovation.
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