Dublin’s Resolve Ventures is making waves in the sustainable tech scene with its launch of a groundbreaking €30 million Climate Impact Fund. The fund is a beacon of hope for early-stage Irish envirotech startups seeking to make a real difference in the fight against climate change.
Led by dynamic managing partners David Scanlon and Alan Costello, Resolve Ventures stands out as a development and growth capital fund management company with a vision. Their new fund, backed by the Irish Innovation Seed Fund and approved by major players like the European Investment Fund, Enterprise Ireland, and NTMA Ireland Strategic Investment Fund, is more than just a financial resource. It’s a statement of intent, a commitment to fostering groundbreaking solutions in sustainability and climate tech.
The Climate Impact Fund isn’t just throwing money at a problem; it’s strategically targeting sectors where change is most needed. From energy to agriculture, mobility, construction, smart consumerism, and resource management, this fund aims to seed and nurture companies that are not just business savvy but are also pioneers in sustainability.
David Scanlon captures the essence of their mission, “At Resolve Ventures, we’re not just investing in companies; we’re investing in our future. This fund is about more than financial returns. It’s about fueling the innovations that will drive the decarbonisation of our most crucial systems – food, energy, transport, and consumption. This is an investment in a sustainable future, aligning with the UN Sustainable Development Goals and making economic sense in a world increasingly focused on sustainability.”
The timing couldn’t be better. As the world grapples with a climate and biodiversity crisis, the role of innovative, high-impact envirotech companies becomes ever more crucial. The fund positions Irish businesses at the heart of the global effort to reduce carbon emissions, aligning with legally-binding targets and driving the rapid decarbonisation needed in Ireland and beyond.
Resolve Ventures isn’t just about funding; it’s about building a robust Venture Ecosystem. With Scanlon’s deep experience in Ireland’s tech startup scene and Costello’s background in strategy and investment consultancy, they’re poised to offer more than just capital. They’re mentors, guides, and catalysts in the journey of these startups, from ideation to impactful execution.
Simon Coveney TD, Minister for Enterprise, Trade & Employment, echoes this sentiment. “This new funding under the Irish Innovation Seed Fund Programme is a testament to our commitment to nurturing early-stage companies. We’re building an ecosystem where Irish entrepreneurs can thrive, creating global businesses that are a testament to innovation and high-quality employment.”
This founder-friendly approach sets Resolve Ventures apart. They’re not just investors; they’re partners in growth, helping startups develop strategic relationships, scale effectively, and make a real impact. This tailored support system, the Venture Ecosystem, is a unique blend of guidance, network, and strategy, driving startups from their nascent stages to impactful scale-ups.
Michael McGrath TD, Minister for Finance, adds, “The second allocation of funding from the €90 million Irish Innovation Seed Fund Programme marks significant progress. It’s a collaboration aimed at empowering Irish and European innovators. Our focus remains on developing the venture capital market in Ireland, helping SMEs scale up and reach their full potential.”
In summary, Resolve Ventures’ new Climate Impact Fund is more than just a financial endeavor. It’s a catalyst for change, an engine driving Irish innovation towards a greener, more sustainable future. It’s a fund that looks beyond profit margins to the bigger picture: a sustainable world for future generations. As Resolve Ventures steps up to this challenge, the Irish tech scene stands poised for a revolution in sustainability and climate tech, with the world watching closely.
