"ClimateTech and Why It's Important" with Bill Gross of IdeaLab
Gain a deeper understanding of ClimateTech, what it means, and how budding entrepreneurs can get started
Climate tech stands as one of the most significant opportunities in modern history, and time is of the essence. In Ubiquity University’s latest free video, IdeaLab’s Bill Gross shares the immense opportunities and challenges in climate tech, highlighting its potential to reshape industries and drive sustainability: "ClimateTech and Why It’s Important".
In this 11-minute Ubiquity University video (watch now), Bill takes us through the following:
Climate Tech Defined
Climate tech encompasses any solution that promotes a sustainable planet and civilization, such as reducing fossil fuel use, CO2 emissions, or addressing global warming.
It is a trillion-dollar opportunity, larger than the industrial, PC, and mobile revolutions.
Opportunities in Climate Tech
The entire energy industry - which is 10% of all of global GDP - is essentially being rebuilt.
Thousands of different "shots on goal" are needed, ranging from software and AI to physical hardware.
Energy impacts every aspect of our comfort and convenience, and every industry will feel the effects.
Impact of the Inflation Reduction Act (IRA)
Passed two years ago, the IRA allocates $370 billion to climate tech companies, with the total impact exceeding $1 trillion due to uncapped portions and matching dollars.
It represents the greatest tailwind in the history of energy, with capital available to drive down costs and accelerate progress.
Startup Success vs. Failure in Climate Tech
Unlike SaaS or internet companies, where features and usability can drive success, climate tech is centered on economics and payback periods, ideally within 3-5 years (not 15 years).
Climate tech startups often fail due to miscalculating cost reduction rates or technical setbacks, but external factors like COVID or geopolitical events can also disrupt progress.
Ubiquity University: free, short videos for early-stage startups
We built Ubiquity University to unlock growth for early-stage startup leaders by sharing the latest knowledge and advice for pre-seed, seed, and Series A stage entrepreneurs. We have dozens of free, short (5-15 minute) practical videos that dive into key concepts, mindset shifts, and tactical advice to help startup leaders grow and develop. Our speakers include the sharpest technical and business experts from the Ubiquity Extended Team and beyond. If you know individuals who would benefit from Ubiquity University, please pass this along.
Ubiquity Ventures — led by Sunil Nagaraj — is a seed-stage venture capital firm focused on startups solving real-world physical problems with "software beyond the screen", often using smart hardware or machine learning.
If your startup fits this description, fill out the 60-second Ubiquity pitch form and you’ll hear back shortly.