Posts Tagged ‘deeptech’
Deep tech startup Reduciner introduces novel technology to turn captured carbon into sustainable fuels
Reduciner, a deep tech startup originating from VTT, is commercialising a novel high-temperature technology that enables industrial companies to turn captured carbon dioxide (CO2) into usable fuel and valuable industrial raw materials. The company raised EUR 3.6 million in its first funding round, consisting of equity funding from Voima Ventures, Lifeline Ventures, and Mikko Kodisoja Foundation. In addition, VTT has transferred the underlying user rights to the technology and IP as an in-kind investment to the newly established company.
Reduciner’s technology involves a proprietary thermochemical process that efficiently converts CO₂ into carbon monoxide (CO), using renewable electricity and biogenic carbon. The innovation allows indirect electrification of combustion processes, enabling large-scale production of sustainable fuels and chemicals and a significant reduction of industrial carbon dioxide emissions globally. Since CO is already compatible with existing industrial systems, the solution allows companies to reduce emissions without costly infrastructure changes.
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Originally published on 5 May
Read MoreSeven Estonian DeepTech startups win €3.4M in EU funding
Another outsized win is scored by the Estonian ecosystem. Seven local DeepTech startups have secured a combined €3.37M in funding through the European Innovation Council’s Pre-Accelerator programme (EIC Pre-Accelerator), a competitive EU initiative designed to help early-stage companies develop their technology, sharpen their competitiveness, and prepare for larger international funding rounds.
Each successful applicant receives up to €500,000. The programme also acts as a stepping stone towards the EIC Accelerator — the main EIC funding instrument, where grants and investments run into the millions.
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Originally published on 28 Apr
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