Vancouver, CANADA – January 27, 2021 — Cleantech is rapidly becoming one of the hottest areas of global investment as countries and companies commit to ambitious net zero emissions targets. Despite this opportunity, many great Canadian solutions struggle to find international customers and partners. A new cross-border partnership seeks to tackle this challenge.

Foresight Cleantech Accelerator Centre (Foresight) and Eunike Ventures (Eunike) announced today a Memorandum of Understanding (MoU) formalizing a collaborative partnership to further accelerate the growth of Canadian companies with promising cleantech solutions for the energy industry.

Eunike Ventures is a global energy venture builder that works with innovative, early-stage companies with high-value added technologies through commercialization, across the entire Energy value chain. This new open innovation model of ‘Realizing the Entrepreneurial Spirit’ focuses on entrepreneurs, energy companies, paid pilots, and smart capital, which has included backing from large industry players such as Equinor, Hess, TechnipFMC, and Anadarko.

This partnership with Foresight marks Eunike’s formal entry into the Canadian market. Eunike will bring their existing global partnership platform and established processes, due diligence, and de-risking methodologies for technology adoption in the Energy industry. 

Foresight is Canada’s cleantech ecosystem accelerator. Through strategic collaborations like this, Foresight brings partners together to identify, commercialize, and adopt the clean technologies needed to address today’s most urgent climate challenges.

As strategic partners, Foresight and Eunike Ventures will build upon the strengths of their respective organizations, further enabling a complete innovative stream that is ‘best in class’.  This partnership also establishes a bi-lateral technology bridge between the two countries enabling shared technology sourcing, cross-fertilization of opportunities, learnings from industry peers, and increased foreign direct investment with the goal of accelerating and increasing adoption across the industry.

This new partnership includes collaborating on events supporting the energy sector.  Foresight is currently working with Eunike Ventures and the Alberta Clean Tech Industry Alliance (ACTia) on two events in February focused on hydrogen (H2) and carbon capture utilization and storage (CCUS).  This invitation-only virtual event series will share “on the ground” deployment experience of H2 and CCUS technology and connect Western Canadian cleantech ventures with global investors and corporate partners.