Barclays Eagle Labs Venture Launchpad
Next Application Deadline in
We’re looking for breakthrough ventures that can reduce and remove emissions on a global scale
What are the eligibility requirements?
The Venture Launchpad supports founding teams of early stage software or deeptech/science-based startups from any sector.
We’re looking for startups which:
- Has two or more founders.
- Is registered in the UK or can be.
- Has not raised equity funding, or been diluted by less than 10%
- Fits the theme of food, land and nature for Cohort 3
- Is committed to building a venture with the ambition of reducing emissions by millions of tonnes a year – even if you don’t yet know how your idea will reach that target.
What counts as a “climate startup”?
Carbon13 has a clear goal of only working with founders to launch and scale startups with the potential to mitigate 10 million tonnes of CO2e emissions by per year when at scale.
You do not need to know how you will reach this target when you apply, but you should have some understanding of your solution’s potential.
For founders of software-based ventures
Software-based climate tech startups are those which use software, data, machine learning or quantum computing to solve their customers’ pain points and reduce emissions.
Founders of software ventures come to the Venture Launchpad at different stages of development, including
- A product and users
- An MVP and pilot users
- No product but a deep understanding of an opportunity or customer pain point
Regardless of idea stage, the Venture Launchpad is designed to adapt to each venture’s starting point and work towards the relevant milestones.
Ensuring impact is locked into the venture
You’ll have the confidence that you’re making a difference to emissions, and be locking in carbon impact into your value proposition, business DNA, and scoped emissions.
In today’s investment landscape, investors and customers are looking to founders to be as credible with their carbon calculations as with their commercial projections.
For this reason, you’ll build a Carbon Pitch alongside your normal deck.
Evaluating the team, not just the idea
We are looking for teams which have the potential to execute on their vision for the startup. For software ventures, teams usually have at least one founder who can demonstrate capabilities for a CTO/CPO type role, and at least one founder who take on the CEO mantle, with relevant commercial experience such as previous founder experience or track record delivering innovation within an organisation.
For founders of science-based or deeptech ventures
A science-based or deeptech venture is one which uses technology developed from science, engineering, materials, chemicals or similar. These ventures can either be involved in:
- Carbon removal, sequestration or capture
- Decarbonisation, e.g. green materials, chemicals or robotics.
How the Launchpad adapts to science-based ventures
There is a strong focus on commercialisation of your IP or product, including validating product/market fit and establishing a fundraising strategy for a complex decarbonisation product.
To tackle the challenges unique to these types of ventures, our support includes:
- An expert approach to the sensitivities of IP strategy
- Pricing and revenue strategies for products with long deliverability timelines
- Niche technical expertise for product development
Carbon impact – long term
As part of this, you’ll build a Carbon Pitch to robustly prove a potential for 10 million tonnes of emissions reduction/removal per year when at scale. Your whole founding team will be empowered to make long term business decisions based on carbon impact, long after the programme ends.
What we’re looking for in the founding team
The team should bring IP, or have at least one cofounder who will lead the development of the product. As a guide, the benchmark for the technology readiness level is usually TRL 4-6.
Ask your questions
Book a short call with Puja Balachander, Head of the Venture Launchpad.