Mon, Dec 09 2024
In an effort to promote a more inclusive and environmentally friendly future, Unreasonable Impact, a strategic partnership between Unreasonable Group and Barclays, has revealed the newest projects to join its UK and Europe program.
The chosen companies will collaborate with experts throughout the program to remove obstacles they have encountered. This is a week-long stay filled with mentorship, investor guidance, seminars, and industry deep dives.
Through the Unreasonable network, each of the businesses will continue to have access to expert advise from over 1,700 investors and 1,000 mentors, many of whom are colleagues at Barclays, after the program ends.
"Barclays is providing expertise to nurture climate tech and other sustainability-focused ventures at each stage of their journey as they scale from idea to IPO," said Deborah Goldfarb, global head of citizenship at Barclays. We are enabling entrepreneurs to address important social and environmental issues by providing them with access to our network of mentors, investors, and ecosystem through our collaboration with Unreasonable Group.
The projects of this year provide solutions that range from compostable packaging to AI that reduces food waste.
Making a constructive influence
The UK and Europe cohort of 2024 has more than half female members or different backgrounds. Together, they have raised more than $400 million (£300 million) to date, and in 2023 they will bring in $47 million (£37 million).
Over 25,000 people are currently employed by the Unreasonable Impact businesses, which have raised over $11 billion in total since their founding. Together, these businesses have stated that their goods and services have stopped 89 million metric tonnes of greenhouse gas emissions from being released. Ventures reported reducing and preventing three million metric tons of garbage in 2023.
"Unreasonable Impact, in partnership with Barclays, is committed to empowering 13 visionary entrepreneurs with scalable solutions to address urgent global challenges," said Daniel Epstein, CEO of Unreasonable Group. We seek to catalyze significant change by offering mentorship, vital resources, and access to a worldwide network. This will address societal and environmental concerns and promote job development.
Through the Unreasonable Impact program, Barclays and Unreasonable hope to assist 200 more entrepreneurs over the course of five years, after reaching their initial target of supporting 250 companies by the end of 2022.
Over 300 projects have benefited from the program since its launch in 2016. A portion of them have been utilised in Barclays' current operations, and some have also benefited from funding provided by the company under its Sustainable Impact Capital objective.
making a "meaningful" contribution to solving pressing global issues
Constellr, a thermal data business, is one of the 13 companies participating in the initiative, which aims to facilitate insights into the water, energy, and carbon cycles of our world. Crop failure can be avoided and food security can be supported, for instance, by monitoring the vegetation and soil. The CEO of constellr, Max Gulde, is passionate about addressing food security and climate change and has over ten years of expertise in research across multiple sectors.
"I'm excited about Constellr joining Unreasonable Impact UK & Europe; our space-based temperature monitoring to enhance food security aligns seamlessly with the program's mission," Gulde said, expressing his excitement for the effort.
"By 2050, we want to enable effective resource management to sustain 10 billion people in the face of climate change. Working with mentors, fellow entrepreneurs, and industry experts excites me. By working together, we can effectively address pressing global issues while simultaneously scaling Constellr's growth.
Taking part in initiatives
The twelve other businesses that are a part of the program are:
Leave a Comment