The SHAKE Climate Change entrepreneurship programme has secured £845K to invest in new projects that will help deliver the next generation of climate friendly farming.
Based on a unique funding model, SHAKE helps entrepreneurs and start-ups who are combating climate change with science or tech-based ideas in the areas of agriculture and food production.
Those ventures that progress through all three phases of the programme will receive up to £125k funding and two years of expert mentoring to help build their business. New applications are open to those that share the same commitment to innovation, entrepreneurship and sustainability.
Now in its fourth year, the Programme is hosted and led by Rothamsted Research as part of a consortium with three leading universities – Cranfield University, the University of Hertfordshire and University College London.
Director of Innovation for Rothamsted Research and member of the SHAKE Programme Steering Group, Rob Hill said: “SHAKE is unique in the UK as the only research-led seed investment programme for agri-tech ventures with a positive impact on climate change.”
The programme focuses on closing the gap in business development between the early start-up stage and investable ventures, through provision of expert care and advice, sourced through the high-profile consortium and its associated network of mentors.
The first four cohorts, from 2019 – 2022 involved a total of 64 entrepreneurs with 11 successful ventures ultimately selected by SHAKE for investment.
Many of these early ventures have already notched up some impressive successes. Seven of the original eleven funded have each raised over £1m in further investment after SHAKE nurtured their early growth. Bristol-based Glaia, for instance, which is transforming how plants grow, benefitted from SHAKE funding and mentoring in 2019 and secured a further £1.3m in investment funds. Economad, which specialises in small on-farm biogas generators, has also broken the £1m investment mark.
Together, the group has raised almost £15m in additional seed stage funding and several are getting ready for series A. “Virtually every step in the value chain associated with agriculture impacts on climate – from how food is grown or reared, to the way the food is harvested, transported, stored and distributed,” said Hill. “In addition, farmers themselves face increasing pressure to deliver sufficient food sustainably, whilst dealing with increasingly unstable climates.”
“At SHAKE, we believe Entrepreneurs have a unique role to play in countering these challenges; they are agile and flexible in their approaches and with the support from the extensive SHAKE network they are poised to make a real difference in the world. It has been a privilege to help shape some of these journeys,” says Rob.
For more information please visit; http://www.shakeclimate.org
