Launch of GreenTech Hub powered by TechQuartier and Finance in Motion
The greentech industry is growing at a brisk pace in Germany. According to a Roland Berger report which was cited by The Federal Ministry for the Environment, Nature Conservation and Nuclear Safety, the greentech industry in Germany is estimated to be worth €738 billion by the year 2025.
To propel growth of greentech companies in Germany, Frankfurt based TechQuartier-the collaborative innovation platform has partnered up with Finance in Motion-one of the world’s largest impact asset managers to launch GreenTech Hub on 27thof June 2018.
“Finance in Motion fosters entrepreneurship and green, sustainable economic development in low and middle-income countries worldwide, so it was a natural fit to join forces with the TechQuartier to launch the GreenTech Hub. We want to build a community of green tech leaders and are very happy to dedicate office space in our own building for that important purpose. We are looking forward to our cooperation with the excellent TechQuartier and to welcoming promising startups. All of Finance in Motion’s staff is keen on adding expertise to make the GreenTech Hub a success.’’
Elvira Lefting, Managing Director at Finance in Motion.
Located next to Finance in Motion’s own office on the bank of River Main, the GreenTech Hub is a centre dedicated to new enterprises catering to green technology, clean energy, green finance, sustainable production, development and distribution industries. The hub aims to provide entrepreneurs in greentech sector with key resources to become successful and impactful. Thus, the hub not only offers a targeted infrastructure but also provides valuable support in the form of networking opportunities, business development workshops, investor contacts and much more.
‘’The joint launch of GreenTech Hub marks the next step of our journey at TechQuartier. Not only are we expanding into another location, we are also providing a dedicated space to the greentech segment of our community and deepening our expertise in that promising field. In Finance in Motion, we found a partner that shared both our vision and ambition for this hub. By combining our knowledge of the tech space, our international networks and their deep expertise in impact investing, we feel that this is the beginning of a very impactful project.’’
Sebastian Schaefer, Managing Director of TechQuartier
The first startup to join the GreenTech Hub is TechQuartier’s very own node.energy.The startup works on the simplification of commercial management of microgrids. A graduate of the EY Startup Academy program organized in collaboration with Deutsche Börse and TechQuartier, they subsequently managed to secure a seed funding of 775,000€. Now gaining traction after having acquired their first business customers, the move brings them closer to other greentechs.
’For us at node.energy, renewable energy, digitization and finance lie at the core of our business. With the new GreenTech Hub, it is great to have a dedicated location to work and collaborate with other companies and startups with the same DNA. We are proud to be the first startup to join the initiative, and happy to continue pioneering the local greentech scene as part of the TechQuartier community.’’
Matthias Karger, Co-founder and CEO of node.energy
The current goal of GreenTech Hub is to find more qualified GreenTechs, not only in Frankfurt or Germany but also internationally, to occupy the space, provide industry knowledge, technical expertise and create synergies. Events and industry-specific programs will be organized at the Sachsenhausen location, keeping with the mandate of building competitive, scalable and environmentally impactful solutions.
To learn more about the GreenTech Hub, visit us at www.techquartier.com/greentechhub