Latvia launches Future Hub Climate, a new pre-accelerator program

Latvian climatetech pre-accelerator program Future Hub Climate has been launched by the innovation management company Helve with support from the government. The program will focus on idea-stage startups and will place from October to December, Labs of Latvia reports.

The application are open until September 12, here.

About Future Hub Climate

• Future Hub Climate invites early-stage climatetech startups from the Baltics with a goal to drive climatetech development in the region.
• The program aims to select eight teams to support them with up to €5000 for product development across 10 weeks of cooperation.
• Future Hub Climate is built on the backbone of an existing co-creation program, Future Hub. The program is launched with the support from the Investment and Development Agency of Latvia and Riga City Council.

“While Baltic climate tech startups have a lot of potential to make a name for themselves, there are certain gaps in the ecosystem which hinder the speed at which a new startup can get to their first clients and funding rounds. We believe that Future Hub Climate can narrow the gaps by providing a small equity-free capital infusion for product development, but even more importantly by giving the startups a shortcut to testing their products in the market with established enterprises,”

Āris Brencis, Future Hub Climate programme director, comments.

• The program will reach its finish with the startups presenting their product validation results in front of climate tech investors during the Baltic Sustainability Awards 2023.