Home Business News SHIFT launches new £1.47m innovation programme for London SMEs tackling the climate emergency

SHIFT launches new £1.47m innovation programme for London SMEs tackling the climate emergency

by LLB Reporter
6th Oct 23 5:39 am

SHIFT, east London’s innovation agency based at Queen Elizabeth Olympic Park, has launched a new scale-up programme of funding and support for London-based enterprises working to tackle the climate emergency.

The project is part-funded by the UK government through the UK Shared Prosperity Fund.

The Future Industries Demonstrator Programme provides pioneering start-ups and SMEs with financial backing, as well as linking them to the collaborative networks, workspaces and local knowledge resources that give them the best chance to succeed.

The theme of the first challenge is ‘Natural Cities.’ Organisations that are working on a solution to one or more of these key challenges facing east London’s natural environment are particularly welcome to apply:

  • Safeguard our Water Systems: Reducing risk from flooding and drought, restoring natural water bodies and protecting water resources
  • Clean our Air: Reducing air pollution from existing sources and removing pollutants
  • Halt and Reverse Biodiversity Loss: Promoting biodiversity and the wellbeing of natural spaces
  • Fight Rising Temperatures: Combatting the urban heat island effect
  • Create a Capital Without Waste: Minimising waste and its impacts

Abdul Rahim, the Chief Innovation Officer of SHIFT highlighted that this isn’t a call for piecemeal change, it’s a demand for systemic responses. That means considering the complexity of how different aspects of our urban environments are connected, and bringing forward holistic, comprehensive solutions.

Abdul Rahim, Chief Innovation Officer of SHIFT, said: “SHIFT is committed to bridging the gap between real, local need and market-defining innovations. By spotlighting challenges encountered by local communities, we hope to ensure that supported solutions possess genuine and significant potential to meet urgent challenges for east Londoners whilst accelerating the net-zero transition for the capital.”

Andrew Roughan, CEO at Plexal, said: “Plexal is a founding partner of SHIFT and little over a year from launch, it’s a pleasure to further our role within the Queen Elizabeth Olympic Park innovation district to be part of SHIFT’s Future Industries Demonstrator Programme. As an innovation company and workspace for trailblazing founders, our mission at Plexal is to solve society’s challenges through collaboration with organisations. Therefore, we’re excited to be delivering the Venture Creator programme to discover and support sustainability startups committed to achieving net zero as part of our involvement.”

Alex Russell, Executive Director, Hackney Wick and Fish Island Community Development Trust CIC, said: “We are excited to be a partner of The Future Industries Demonstrator Programme. The programme provides a great platform for SMEs with innovative ideas to tackle the climate crisis, in partnership with industry, community and academia. We also welcome the continued support of The Loop – the creation of a cluster of circular economy initiatives on the Park – under the stewardship of the CDT, a community ownership model.”

The second and third Innovation Challenges will be open for applications in February 2024 and July 2024. The Open Innovation Challenges will focus on the intersection between the real problems that citizens and institutional buyers face locally and the market solutions that, with investment and tailored support, can accelerate the collective transition to Net Zero.

Leave a Comment

You may also like


Sign up to our daily news alerts

[ms-form id=1]