Dec 8, 2022
Explore EIT Clim Accelerator's Circular Built Environment, LightMirror was selected among...
We're excited to announce LightMirror's recent participation in the Circular ClimAccelerator Programme, a three-month initiative fostering circular economy through innovative solutions. We're thrilled to have signed a 50k€ Safe investment with EIT Climate-KIC during this inspiring journey.
Facilitated by the EIT Climate-KIC ClimAccelerator, the programme aimed at accelerating start-ups with a circular focus and climate impact. The initiative sought out innovations that integrate circularity approaches and footprint indicators, all aimed at reducing the pressure on the Earth’s biophysical limits and promoting a circular socio-economic transformation.
LightMirror had the opportunity to work alongside other innovators focusing on several thematic areas, including Circular Construction, Renewable Energies, Construction Material, Waste Management, and Mobility & Logistics.
The programme offered numerous benefits, including grant funding of up to €21,500 (subject to accepting SAFE note terms), comprehensive overviews of investment opportunities, and the chance to connect with circular experts. It also offered training and coaching sessions, pitching and collaboration opportunities with investors, corporates, and city partners, and access to an alumni community.
Over the course of three months, the programme was broken into three stages. In the first stage, LightMirror received support to develop our business model. The second stage focused on validation and traction, during which our team had the chance to further hone our offering. Finally, the third stage was dedicated to investment readiness, priming us for future success.
As we wrap up our participation in the Circular ClimAccelerator Programme, we look back on our journey with gratitude. We have emerged with a validated business model, a detailed business plan, and a better understanding of our climate impact. We have developed an independent product, service, or solution that's ready to integrate into complex operational systems and thus help scale our business.
We are immensely proud of our growth throughout this programme and we're excited to apply our learnings to further our mission of creating a sustainable future through innovative technology. Being part of this initiative has truly amplified our commitment to create a more circular and sustainable built environment.