The Interdisciplinary Centre on Climate Change (IC3) has partnered with Waterloo’s Concept to offer the Climate Change Fund. The Climate Change fund offers University of Waterloo students grant funding for business ideas aimed at solving climate change problems. This funding is awarded to student teams to directly support innovation and entrepreneurship focused on climate solutions.
“This fund is designed to help students go beyond their initial ideas and work towards creating sustainable startups with a global impact.” says John Dick, interim director of Concept.
Students can apply for the fund and pitch their project idea to a panel of judges, who select the winners. Winners are provided with a financial prize and access to a network of business coaches and expert mentors that support the growth of the idea.
To date, the Climate Change Fund has awarded prizes to three student teams: UbiAir, a real-time, crowdsourced, IoT-based air quality monitoring ecosystem using IoT sensors for air pollution surveillance; Innowind, an Airborne Wind Power System to provide electricity to rural homeowners and remote communities around Canada; and, Neutrify a program to empower consumers in making sustainable and low carbon food purchasing decisions.
“We’re really excited to launch the Climate Change Fund this term,” says Simon Glauser, managing director of IC3. “This further strengthens the partnership between Concept and IC3, and expands our joint commitment to support entrepreneurship in an area where we know that Waterloo students can have a great impact.”
- You’re currently a University of Waterloo undergraduate student, graduate student or postdoc
- You have an idea or concept that is directly addressing an issue related to climate change
- You and your idea/team haven’t received $50K or more in funding (e.g. from grants, Velocity Fund Pitch Competition)
The Climate Change Fund is currently being offered in the Fall and Winter terms. Please visit Concept's website to stay up to date on active application calls and submission timelines.
Concept is Velocity's experiential entrepreneurship and pre-incubator program at the University of Waterloo. They provide information and guidance for the entrepreneurially-curious and tailored pre-incubator programs for aspiring startup founders.
“Innovating to tackle a climate crisis” (Waterloo Stories): In this article, Adrien Côté, executive director of Velocity, sits down with University Relations to discuss the role of entrepreneurship as a power tool to build back our economy and tackle climate change. Adrien also highlights the September 2020 launch of the Climate Change Fund (originally released as the Climate Change Grant).