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Korean VC Sopoong closes $8M fund for startups focused on environmental impact

TechCrunch

Two years ago, South Korea unveiled a plan to reach carbon neutrality by 2050. Sopoong , a social impact-focused VC, intends to support environmentally minded tech founders in South Korea and Southeast Asia, while building a bridge between Korean conglomerates and startups in the sector. Getting there will be another story.

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Impact Hub Scaling Green Ventures: Meet The Innovators Accelerating Climate Action

Impact Hub

According to a recent McKinsey report , reaching net zero by 2050 could require a 60% increase in capital spending on physical assets compared to current levels. The total investment needed amounts to $9.2 trillion per year until 2050, with $6.5 trillion annually allocated to low-emissions assets and enabling infrastructure.

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Scaling green ventures: meet the innovators accelerating climate action

Impact Hub

Scaling green ventures: meet the innovators accelerating climate action In a world echoing with the urgent call for environmental change, the Impact Hub Network is committed to supporting innovative green ventures for a brighter tomorrow. The total investment needed amounts to $9.2 trillion per year until 2050, with $6.5

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Pangyo Techno Valley: Leading the Charge in ESG Management and Building a Sustainable Industry Ecosystem

AsiaTechDaily

Their heightened interest is reflected not just in their demand for ESG reports but also in surging investment volumes. Data from the Global Sustainable Investment Alliance highlights a staggering 605% increase in Sustainably-Themed Investing in 2020 compared to 2016.

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Accelerating Sustainable Food Business Solutions to Reshape Our Cities

Impact Hub

The UN predicts that by 2050, this proportion will rise to more than two thirds. Feeding the City Start Up has now worked with 23 early-stage social enterprises, providing business mentoring, practical workshops, direct funding, and access to investment. More than half of the world’s population now lives in cities and urban areas.

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Tanso banks a seed for its CO2 footprint software for industrial manufacturers

TechCrunch

The investment breaks down into a €4 million seed raise, led by Cologne-based investor Capnamic, with existing investors including as UVC Partners also participating; and €2.5M it took in last month via an EU innovation grant under the bloc’s EIC Accelerator program. million in early stage growth funding.

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Autigen Announces Collaboration with Boehringer Ingelheim

Innovation 2 Enterprise

About 430 million people suffer from moderate to complete hearing loss worldwide, a number expected to rise to about 700 million by 2050. ” Under the terms of the agreement, Autigen will receive an undisclosed upfront payment and research funding support. For more information, visit www.otologicpharma.com.