The Black Sea ClimAccelerator operates under a three-stage process. Companies that are selected to participate in Stage 2 (MVP Category) will receive investment from EIT Climate-KIC in the form of Climate-SAFE.

The Climate-SAFE has been designed as a founder-friendly, and efficient means for EIT Climate-KIC to invest in Europe’s most exciting Climate-tech companies. The Climate-SAFE is a simple agreement for future equity – a convertible investment.

The key terms of the Climate-SAFE are:

• €50,000 value
• 24 month long-stop date
• No valuation cap – we don’t want to limit the valuation of any future funding rounds!
• 20% discount rate
• No most-favoured nation clause

The Climate-SAFE is structured as a cash + services investment and grants access to the following package of support:

• Access to ClimAccelerator Stage 2 (including €20,000 funding)
• Carbon Impact Forecasting, Modelling and Validation
• Access to ClimateHIVE community
• Fundraising support & connections to Climate-KIC investor network
• Commercialisation Opportunities
• EU Policy & Affairs support
• A dedicated portfolio manager

If you have any questions about this please contact the EIT Climate-KIC Investment team on investments@climate-kic.org.

Go back to the main Black Sea ClimAccelerator page