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Sheffield startup secures backing of venture accelerator

Sheffield startup secures backing of venture accelerator

startup

Eutechtics is developing ‘groundbreaking’, sustainable processes to cut harmful emissions in the production of chemicals like carboxylic acids, which are used globally

An award-winning Sheffield startup with a mission to decarbonise the chemical sector has received the backing of a venture accelerator focussed on businesses with the ‘greatest potential to tackle climate change’.

Eutechtics is an eco-chemistry startup based at Sheffield Technology Parks. The firm is developing ‘groundbreaking’, sustainable processes to cut harmful emissions in the production of chemicals like carboxylic acids, which are used globally.

In the summer, Eutechtics was declared National Champion of Climate Launchpad UK 2023, a pitch competition for green business ideas, making it through to the European Semi-finals.

The startup has now been accepted onto Carbon13’s Venture Launchpad, which has a focus on startups with the ambition and potential to lower emissions by millions of tonnes a year. Within this programme, Eutechtics could secure a pre-seed investment from Carbon13 of $151.19k.

Eutechtics was founded by Armando Leal and Dr. Mauricio Murillo in 2022.

Co-founder and CEO, Armando, said: While developing the first stages of our tech we discovered that Sheffield has the infrastructure to allow us to scale up our solution.

So, we relocated here with support from Sheffield Technology Park’s LOCATE programme, which has been really useful in helping us to connect with the start-up ecosystem and important stakeholders that could play an important role in the development of our tech, Armando added.

He added: We are really happy to be accepted onto Carbon13’s Venture Launchpad. Firstly because of the commitment and enthusiasm the team has for tackling the climate emergency.

He said: And for the specific expertise they have in supporting and accelerating eco-startups, I feel that we are in the best hands to develop our investment strategy and to achieve our first round of funding.

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