entrepreneurship@UBC launches new Climate Venture Studio stream
Supporting UBC researchers and innovators building breakthrough climate ventures
Vancouver, British Columbia, September 23rd, 2020 - entrepreneurship@UBC today announced the launch of their Climate Venture Studio stream to support UBC researchers and innovators building breakthrough solutions to the climate emergency. Leveraging entrepreneurship@UBC’s venture building experience and its robust network of business mentors and advisors, the Climate Venture Studio will work hands-on to identify climate-driven market opportunities, nurture high-potential climate solutions emerging from UBC research and help entrepreneurs build high-impact ventures. UBC is consistently recognized for its global impact and was recently ranked the #1 university for both Climate Action and Life Under Water and #7 globally for overall impact in the 2020 Times Higher Education University Impact Rankings based on the UN sustainable development goals. In December 2019, UBC declared a climate emergency, recognizing the gravity of the global situation and the special role the UBC community must play in finding and delivering solutions. In order to address this emergency, there is an urgent need for entrepreneurial thinking and action, new technologies, as well as accelerating proven climate solutions to market. It is in this context that the launch of entrepreneurship@UBC Climate Venture Studio will help UBC researchers and students translate their research into impact, explore paths to commercialization and build companies that can help address the risks of climate change. The Climate Venture Studio stream supports UBC researchers, scientists and founders working on scientific or technological innovations that tackle widespread climate challenges. Venture teams will benefit from participation in one of entrepreneurship@UBC’s foundational venture building programs, Lab2Launch or CORE. Additionally, venture development experts will work closely with Climate Ventures to help them leverage entrepreneurship@UBC’s broad network of business mentors, Entrepreneurs in Residence and the broader venture community. As UBC’s venture building and accelerator program, entrepreneurship@UBC has a long-standing track record of supporting entrepreneurial thinking and building game-changing ventures. Alumni CarboNet is an oilfield water treatment provider specializing in sustainable, fast-acting and cost-effective water treatment chemicals. Cambridge Energy Partners is taking solar to new frontiers with their movable solar trackers and integrated solutions for the remote industrial market. The company provides heavy power users in remote regions access to reliable, low-cost and clean power while offsetting the demand for polluting diesel fuel. ChopValue is a circular economy innovator, transforming discarded chopsticks into beautiful, high-value and long lasting furniture and home decor. Using distributed microfactories to further enhance sustainability, the company has already upcycled 26 million chopsticks. The Climate Venture Studio stream is co-led by Paul Needham and Dr. Shannon Bard, Entrepreneurs in Residence at entrepreneurship@UBC who have decades of experience commercializing climate solutions and were brought on specifically to spearhead this initiative as part of the next stage of entrepreneurship@UBC’s growth.
“The Climate Venture Studio will steer the climate conversation to direct action, accelerating climate based innovations from the university into the world to make a real and positive impact through venture building." - Kari LaMotte, Managing Director, entrepreneurship@UBC
Get in contact with entrepreneurship@UBC’s Climate Venture Studio by emailing Paul Needham at firstname.lastname@example.org and join the Climate Venture Studio community here. Learn more about climate solutions and the Climate Venture Studio during entrepreneurship@UBC Immersion Week at the sessions, “Climate Innovation: How might entrepreneurs address the climate emergency?”, “Doing Business while Doing Good”, and Paul and Shannon's “Lunch: A Bold Green Recovery, Roundtable Discussion with Toby Heaps”. Register for the event here and RSVP for the sessions through the links on the agenda page.
entrepreneurship@UBC propels UBC innovations out into the world through venture creation, providing UBC students, researchers, faculty members, alumni and staff with the resources, networks, and funding they need to succeed.
As one of the world’s top 40 research universities with 80,000 students, faculty and staff and over $650M annual research funding, UBC has long been a catalyst for innovation. Part of the Innovation UBC network, entrepreneurship@UBC supports UBC ventures and entrepreneurs to generate social and economic impacts in B.C. and around the world. To date, entrepreneurship@UBC ventures have raised more than $221 million in funding, generated more than $30 million in revenue and hired more than 500 employees, stimulating the economic and social landscape of B.C. while building anchor companies that have a global impact.