Home topics news Credit: Snapshot from unswfounders.com News News UNSW, Virescent team up to launch Australia’s biggest climate tech accelerator Yajush Gupta February 15, 2024 TRaCE (Trailblazer for Recycling & Clean Energy) and Virescent Ventures have joined forces, injecting $1.6 million into Australian climate tech startups through the UNSW Founders Climate 10x Program. This collaboration marks the largest investment ever made in climate tech startups via an accelerator program in Australia. It comes at a critical time, with increasing urgency around climate action and renewed governmental focus on advancing climate innovation. The Climate 10x program aims to uncover Australia’s up-and-coming climate tech startups that are breaking some of the biggest barriers to decarbonisation. The extent of involvement is at the discretion of the participants, yet it is emphasized that the more effort invested in the program, the greater the potential outcomes. A typical week within the program encompasses various activities: Dedication to the startup’s development Meetings with the Program Manager/EIR lasting 45 minutes Engagements with assigned mentors spanning between 30 minutes to an hour Attendance at workshops, held for 3 hours on Wednesday mornings Allocating time for progress tracking and goal setting, typically lasting between 30 minutes to an hour Participation in occasional social events This year, the program is on the hunt for more startups looking to move the needle on decarbonisation, accelerate the transition to renewables and strengthen our nation’s circular economy. Virescent Ventures, which has invested on behalf of the Clean Energy Finance Corporation, is Australia’s largest