The report indicates that the most promising climate tech startups tend to be hardware-focused, derived from strong R&D efforts, particularly in energy and materials.
According to the findings, the majority of selected startups were in manufacturing and materials, highlighting a major opportunity for innovation in agriculture and food.
Experts surveyed emphasized that while software plays a role, true impacts on climate change will require tangible hardware solutions that reduce reliance on fossil fuels.
The data shows that the average climate tech startup is seven years old and has raised significant funding, though there is a notable gap between mean and median funding amounts.
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