In the fight against climate change: Technology Fund backs more startups

The Technology Fund is a political instrument of the Swiss government’s climate strategy. It seeks to promote technologies for the reduction of greenhouse gas emissions, efficient use of electrical energy, promotion of renewable energies and conservation of natural resources. The Fund currently has a total of CHF 350 million available to grant as loan guarantees and has so far granted loan guarantees amounting to CHF 249 million to companies, giving them access to attractive bank loans.

During the past months, the Technology Fund announced complete loan repayments by three of its portfolio companies, Avrios, enersis suisse AG and Nanosurf AG, for the loans guaranteed in 2016, 2017 and 2018 respectively.

The recently added startups seeking to benefit from the Technology Fund offer are:

Flux Mobility AG - the Winterthur-based company that develops electric-commercial vehicles with a universal interface that works for different cooling superstructures. The interface allows converting entire vehicle fleets to electric rides, thus saving CO2.

Exnaton AG – the ETH spinoff developed ‘PowerQuartier’ to enable households to trade their solar power with their neighbours. The company works with utility companies to integrate the solution into their product portfolio.

Lynus AG – develops Lithium batteries and Lynus Energy Management System for households, businesses and industries. The company uses machine learning for anomaly detection and forecasting future energy consumption and generation. The solution helps reduce up to 25% of CO2 and 20% of energy consumption.

MobilePower AG (“Mobile-up”) – aiming to fight electronics waste, the startup built an online platform for refurbished electronic devices such as mobile phones, tablets and wearables. It uses algorithms to match supply and demand to enable circularity.

Selfrag AG – uses its patented technology to transform waste into value by improving recycling and recovery rates in order to reduce CO₂ emissions. In May this year, Centro Uno, its innovative waste-to-value facility in Full-Reuenthal (Switzerland) became operational and entered the ramp-up phase.

SmartHelio AG – developed an advanced analytics platform to increase solar PV plant performance and digitizes asset management. With 5GW under management today, the startup is transforming the predictive analytics space of the solar industry.

BE WTR AG – offers sustainable premium water systems to private users and professionals in restaurants, hotels and offices to upgrade their local tap water.  By promoting the use of its red-dot awarded product, the startup aims to reduce plastic bottles thus contributing to a cleaner environment.

Cortexia AG – built an artificial intelligence technology that helps cities to measure the level of cleanliness of their cities in real-time thereby helping them improve their residents’ quality of life.

Flybotix AG – develop indoor drones (ASIO) for fast, efficient and safe industrial asset inspection. Flybotix serves several industries worldwide with customers in sewer management, Hydro power plants, Oil & Gas, Maritime and Chemical plants.

Namuk Holding AG – designs and commercializes outdoor clothing for kids. As Switzerland’s first brand in the sector, the startup uses high-quality, sustainable materials to develop more durable products than conventional brands.

The Technology Fund accepts applications on an ongoing basis. Find out here if your company qualifies for the loan guarantee.