Free tool launched to help low-carbon businesses source funding
Shell Springboard's 'Navigator' offers a database of 84 sector-specific funding options including venture capital, crowdfunding and more...
Business in the low-carbon, clean technology (cleantech), and sustainability sectors looking for finance can take advantage of a new digital tool launched this week.
Created by Shell Springboard, the Access to Finance Navigator is an interactive database where eco-friendly entrepreneurs can search for funding opportunities and filter funding sources by their location, stage of development, financial requirements, and the user's business sector.
So far, the database features 84 low-carbon funding sources – said to represent a total value of £157m – from government organisations, angel investors and syndicates, crowdfunding platforms and venture capital (VC) funds.
Sources listed include Funding Circle (crowdfunding), Advantage Business Circle (angel), EcoMachines Ventures (VC), Horizon 2020 (government grants), and funding competitions ran by Innovate UK.
The Navigator works on a similar basis to the business finance support finder tool offered by the government.
Shell UK chairman, Erik Bonino, commented:
“Finding people or organisations to support new businesses is complex and time consuming. To help navigate the funding landscape, we developed the Access to Finance Navigator with experts in finance and the low-carbon sectors. Alongside our wider enterprise development programmes, this provides the type of support low-carbon businesses in the UK are seeking.”