Emerging Technologies Spark Innovation at Hello Tomorrow’s Global Summit in Paris
Key Ideas
- European deep-tech start-ups face funding challenges despite the region's potential as a global hub with top research institutions.
- Start-ups like ReCatalyst from Slovenia are innovating in hydrogen fuel cell technology to reduce costs and platinum usage.
- ElectraLith from Australia secured substantial funding for lithium extraction technology, aiming to test it in Argentina.
- US-based COnovate is working on a graphene monoxide material for lithium-ion batteries, aiming to attract funding for scaling production.
Hello Tomorrow’s Global Summit in Paris showcased the struggle of European deep-tech start-ups to secure funding despite the region's potential as an innovation hub. The event featured ReCatalyst, a Slovenian firm working on technology to reduce platinum usage in hydrogen fuel cells. This innovation aims to cut costs by 45%, highlighting the momentum in the clean hydrogen industry. Australian start-up ElectraLith also drew attention with its lithium extraction technology, securing $20 million in funding. Meanwhile, US company COnovate presented graphene monoxide as a graphite replacement in lithium-ion batteries, emphasizing its energy efficiency and lower production costs. The event highlighted the need for funding and support in the deep-tech sector, showcasing the diverse range of solutions being developed worldwide.