Kubos develops technology that has the potential to transform the future of LEDs, making them more energy efficient – by addressing the ‘green gap’ which reduces the performance & increases the cost of traditional LEDs.
When you’re approaching investors in a different sector you need to speak their language – and whilst we had experience in the tech sector, our understanding of the climate space was lacking. Exposure to terminology, good practice and how we compare to other businesses was so valuable and the Climate Accelerator gave us the skills to do that.
The launch event stood out: to start the programme in such an inspiring way set the tone for what was to come. Allia facilitated such a strong community environment from the outset and we grew together throughout the programme. I have relationships that will last well beyond the end of the Climate Accelerator.
The result – how the programme helped
This programme demonstrated the importance of developing a sustainable solution. Our LED technology comes with many advantages that translate into real benefits, simply because 25% of electricity used globally is for lighting. We have calculated that if our technology was adopted globally, we could save 600m tonnes of CO2 emissions over the next 5 years. That’s the equivalent to 150 coal fired power stations.
During the programme we raised over £0.5m in investment. Our main priority for now is further fundraising (£2 million), to grow the team and build our customer base.
I commend this programme to any company that wants to understand its role in addressing the climate emergency. There was a varied portfolio of companies on the accelerator, from start-ups who had very clear sustainability initiatives to more mature companies who were developing value propositions in this ecosystem.
Caroline O’Brien, Founder of Kubos