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InvestEU: Support for women-founded Green Generation Fund for sustainable startups

The European Investment Fund (EIF), backed by an EU budget guarantee from the new InvestEU programme contributed €25 million to the €100 million raised by The Green Generation Fund, a fund founded by women.

date:  08/09/2022

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KfW Capital provided €10 million. The Green Generation Fund invests exclusively in sustainable startups that make significant progress in CO2 avoidance, the circular economy, climate and resource protection, health promotion and biodiversity. The aim is to strengthen the new food tech and green tech industries and to contribute to CO2 reduction in the agricultural and food sectors. Funding is provided, for example, for plant protein extraction and innovations in fermentation and cell cultivation. In addition, the reduction of shelf-life substances in the food industry as well as more sustainable packaging, supply chains, carbon capture solutions and green tech software are being considered. The EIF's investment is one of the first in Germany under the new InvestEU programme.