The Climate-SAFE has been designed as a founder-friendly, and efficient means for Climate-KIC to invest in Europe’s most exciting Climate-tech companies. The Climate-SAFE is a simple agreement for future equity – a convertible investment.
The Climate-SAFE is a €50,000 investment that is made up of cash via the ClimAccelerator grant (€20 000) + access to Stage 2 of the ClimAccelerator and an additional services package provided by the Climate-KIC team to support the startups once they have graduated from the ClimAccelerator programme.
As part of the investment programme we are working with ‘Seedlegals’ to issue a new ‘offer letter’ on acceptance to the ClimAccelerator which will be followed by the Climate-SAFE for startups that are selected to proceed to Stage 2.
Climate-SAFE investment terms (for stage 2 offer):
- No valuation cap
- €250,000 qualifying round
- 20% discount
- 24 month longstop