HEC Paris’ Creative Destruction Lab launches new stream to tackle climate change

Starting in October 2020, CDL Climate will help transform 25 start-ups into financeable, scalable companies delivering solutions to the challenges posed by climate change

HEC Paris announces the launch of a new stream within its Creative Destruction Lab (CDL): CDL Climate, a program aiming to coordinate entrepreneurs, scientists, mentors, and investors in a structured process to increase the probability of success for high impact and scalable solutions targeted towards climate change challenges. The first session is due to start in October 2020 with 25 climate-focused recruited startups, with a focus on continental Europe and Africa.

The eight-month program for early-stage science and tech-based companies revolves around five objective-setting sessions, each one of them designed to help boost the performance of tech leaders through intense interactions with seasoned entrepreneurs. CDL takes no equity and charges no fees and it is funded through philanthropy, as well as public and private-sector partnerships.

CDL Climate will focus on innovation areas such as renewable/alternative energy, power storage, infrastructure, transportation, carbon/methane sequestration, select water, ocean and food initiatives aligned with climate solutions, and geo-engineering. The stream will operate from CDL-Paris (HEC Paris) and CDL-West (Sauder School of Business, University of British Columbia).

“With the current health crisis, there will be a huge shock to the global economy and its supply chains. CDL-Paris has a vital role to play in reconstructing new and alternative business forms, especially as far as climate and other environmental issues are concerned”, comments Thomas Astebro, Professor of Entrepreneurship at HEC Paris and Academic Lead of CDL-Paris.

The program consists of five eight-week modules geared towards transforming deep tech startups into financeable and scalable companies. This will be accomplished thanks to the committed mentorship of top entrepreneurs in the field, hands-on guidance from world-leading scientists and economists, advice from some of the world’s best business students, and unique access to business angels and VCs to raise capital.

CDL has already helped successfully commercialize cutting-edge science and technology companies that has created $6.2 billion in equity value. Over 1,500 company founders from more than 30 countries have so far participated in the CDL programs, and the meteoric rise of firms like Energy X, Favor, North and Roadbotics testify to their success.

“The 25 selected startups will be accompanied by the best and brightest of our HEC Paris students, who are involved in the program as part of their MBA degree. For them, this is an intense and hugely enriching experiential learning where they interact with cutting-edge innovators, propose and then see some of their ideas give birth to concrete improvements”, concludes Astebro.

Applications for CDL Climate are now open and are being accepted online at creativedestructionlab.com/apply.