Investible Partners with UNSW for Climate Tech Initiative
Deal News | Dec 04, 2024 | Investible Pty Ltd
Investible Pty Ltd has partnered with UNSW to launch the Trailblazer for Recycling and Clean Energy (TRaCE) Technology Commercialisation Venture Scheme, a pioneering co-investment initiative aimed at fast-tracking climate-tech innovations from research to market. This Australian-first initiative, inspired by successful frameworks in Israel and Singapore, combines TRaCE's extensive R&D capabilities with Investible's $32.7 million Climate Tech Fund and experience in scaling startups. The $280 million TRaCE program, supported by the Commonwealth Government, industry, UNSW, and the University of Newcastle, seeks to accelerate disruptive technologies through various stages of development, from R&D to global deployment. The partnership also incorporates an innovative buy-back mechanism to reinvest funds in future startups, creating a sustainable funding model. The initiative's impact is exemplified by its first co-investment in DeCarice, a hydrogen-diesel hybrid technology startup, which benefitted significantly from strategic support and capital through this scheme.
Sectors
- Clean Technology
- Higher Education
- Venture Capital
Geography
- Australia – The partnership and initiative are based in Australia, making it the primary geographical focus.
- Singapore – The co-investment scheme is modeled on successful frameworks from Singapore, making it relevant.
Industry
- Clean Technology – The article discusses a partnership focused on commercializing climate-tech innovations, indicating relevance to the Clean Technology sector.
- Higher Education – UNSW and the University of Newcastle are key participants in the initiative, highlighting the involvement of the Higher Education industry.
- Venture Capital – The article covers a co-investment partnership involving Investible, a venture capital firm, relevant to the Venture Capital industry.
Financials
- 32.7M – Investible's Climate Tech Fund amount.
- 280M – Total funding for the TRaCE program.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Investible Pty Ltd | PE Firm | Company | A venture capital firm involved in the initiative as a leading partner. |
| UNSW (University of New South Wales) | Initiator | Company | A university participating in the co-investment scheme through its TRaCE initiative. |
| Commonwealth Government | Supporter | Government | Supports the $280 million TRaCE program. |
| University of Newcastle | Collaborator | Company | A university collaborating within the TRaCE program. |
| DeCarice | Startup | Company | A hydrogen-diesel hybrid technology startup benefitting from the initiative. |
| Charlie Ill | CEO of Investible | Person | CEO playing a key role in the initiative's implementation. |
| Ben Lindsay | Investment Principal at Investible | Person | Investment Principal providing insight into the partnership. |
| Gabriella Nunes | Research & Commercialisation Director at TRaCE | Person | Director providing insight into TRaCE's role and goals. |
| Goran Bozic | CEO of DeCarice | Person | CEO of DeCarice highlighting the advantages of the partnership. |