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The selection process is competitive and has both entrance and exit criteria; success is determined by meeting designated milestones over time. As with all of the Carbon Trust's investments, priority will be given to novel solutions that fall into the 'focus' and 'consider' areas of the Low Carbon Technology Assessment LCTA). For enabling technologies a case must be made based on the emissions reduction which they make possible, for instance if electrical energy storage enables additional generation from renewable energy sources.
Whether you are a Start-Up or a Spin-Out (either from academia or a large company), the incubators will provide strategic and business development consultancy, advice on corporate finance, mentoring for the management team, energy-related market research and guidance on technical support.
The objective of the incubator is to help you build your team, hone your business and presentation skills, build your case and prepare you for success through the next phase of financing. The incubator application process, like that of any application to the Carbon Trust, is rigorous.
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"The Carbon Trust Incubator provides credible and novel technologies a real commercial path to success."
Michael Rea, Chief Operating Officer
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Links relevant to the Incubator Programme:
The Incubator programme: a development process
The Carbon Trust Incubator Partners
Example companies in the Business Incubators
Selection Criteria Guidelines
Investment Readiness workshops
The Carbon Trust launched its Low Carbon Incubator programme in April 2004, since when we have supported over 40 companies with promising low carbon technologies. The Carbon Trust works with four incubator partners who provide flexible support to early-stage businesses across the UK.
The Carbon Trust provides up to £60K of advisory support per accepted start-up/spin-out company, paid directly to our incubator partners for services provided to the company being incubated. We use set criteria, including commercial, technical and management team criteria, to screen candidates for entry into the incubator and to manage the number of companies receiving support. There are also criteria for exit from the incubator, and companies are expected to make continual progress whilst in the incubator, and to work with the incubator partner to meet agreed milestones. Companies typically spend 12-18 months in the incubator.
Companies interested in applying for incubator support should contact the low carbon Incubators directly.
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