AXA XL is partnering with London GreenCity, the UK’s first accelerator for development-stage local weather tech entrepreneurs, to supply experience in insurance coverage and danger administration to the accelerator’s members.
London GreenCity helps the event of recent applied sciences that deal with the causes and affect of local weather change, encouraging innovation in renewable energy era, battery storage, transport, agriculture, the constructed surroundings, and the financing of the transition to a low-carbon financial system. Its London-based campus gives a dynamic, bodily, collaborative area for the expansion of early-stage local weather tech ventures, offering the services and instruments for the event of their product choices.
“Insurance coverage is an enabler of the vitality transition, and we’re delighted by way of our partnership with London GreenCity to have the ability to present our danger administration experience and to assist the unlocking of finance to energy the expansion of those thrilling early-stage local weather tech companies,” commented Sean McGovern, CEO of UK & Lloyd’s.
“AXA XL’s perception in our mission to be the biggest, development-stage local weather tech accelerator within the UK is not only a testomony to its management in sustainability, it’s a robust step in direction of driving the worldwide clear vitality transition. Collectively, we will make a distinction that may resonate for generations to come back,” mentioned Laith Anezi, co-founder and normal accomplice of London GreenCity.
London GreenCity has a memorandum of understanding (MOU) with among the UK’s main universities, giving London GreenCity members entry to state-of-the-art equipment to assist the event of climate-tech innovation.
Supply: AXA XL
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