SMEs Lead in Low Carbon Technologies

The UK is the European hotbed in the innovation of low carbon technologies and attracts 41% of the total venture capital and private equity investment in low–carbon SMEs in the EU, according to a new report. The new research also reveals that the global low carbon energy market opportunity could reach £2,000 billion per annum by 2030. By 2050, Britain aims to reduce its carbon dioxide emissions by 60% of 1990 levels, and the country’s small and medium sized businesses are already leading the way. UK SMEs in particular attracted a significant share (43%) of the £755 million private equity investment in European low carbon small businesses between January 2006 and March 2008 An independent study from Vivid Economics and commissioned by Shell Springboard, suggests that... »

Big Firms to Support Low-carbon Startups

Startups developing low-carbon products and services can now benefit from free consultancy with two of the UK’s top business and legal advice firms as part of the Carbon Trust’s Incubator Programme. Business advisers Grant Thornton and law firm Mills & Reeve have pledged to give up to 17 hours of free help to firms that qualify for the programme, which accelerates the commercialisation of promising low-carbon technology startups. Their advice, valued at £2-300 per hour, will cover areas that include fundraising, shareholder agreements, manufacturing agreements and intellectual property (IP) licensing. Carbon Trust research suggests low-carbon technology firms typically spend up to £20,000 on IP advice and £15,000 on general legal advice alone. â??Businesse... »