21 Feb '12, 12am

Carbon Trust, GE Launch $5-Million Clean Tech Business Incubator Fund

Carbon Trust, GE Launch $5-Million Clean Tech Business Incubator Fund

The UK-based Carbon Trust announced today it would work with General Electric (GE) to establish a $5-million business incubator fund designed to boost low-carbon infrastructure technologies. The fund is targeted toward European clean tech start-up businesses, and will not have a cap on the size of possible investments. Both companies will work together during the initial 18-month partnership to selectively identify promising companies, offer management advice, and allocate capital funding. Carbon Trust will administer the program, and the funding will come from GE’s $200 million ecomagination Challenge . GE has committed $134 million from the fund to date in start-up investments and commercial partnerships across the globe since it launched in 2010. Carbon Trust is a non-profit organization that provides guidance and finance to businesses seeking to reduce carbon emissions...

Full article: http://cleantechnica.com/2012/02/20/carbon-trust-ge-launc...

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