Low-carbon small and medium businesses/enterprises (SMEs) now have a new funding tool in their belt, thanks to a seemingly unlikely source, a major petrochemical concern. Royal Dutch Shell has just launched an online tool called the Access to Finance Navigator, which can help SMEs “in the low-carbon, cleantech and sustainability sectors” to find funding opportunities for their ventures via a curated digital database of investment sources.
The tool, which was developed by Shell Springboard, a funding program for innovative UK entrepreneurs “at the cutting-edge of the low-carbon economy,” was announced at Shell’s recent Make the Future London event. At the moment, the platform consists of 84 investment sources said to represent a total value of £157 million. These sources range from government organizations, angel investors, and venture capital (VC) funds to crowdfunding platforms, and search results on the tool can be filtered by industry sector, location, the stage of development of the business, and the financial requirements of the enterprise.
“Shell Springboard provides low-carbon entrepreneurs with a vital foothold on the funding ladder, but for many this is just the start of a journey to secure the finance they need. Finding people or organisations to support new businesses is complex and time consuming.” – Erik Bonino, Shell UK
Here’s a short look at the Shell Springboard initiative:
Find out more about this digital investment research tool at Access to Finance Navigator.
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