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Dream Climate Tech Launchpad 2024

Supporting Black and Latinx entrepreneurs building solutions to advance environmental justice

  1. ABOUT THE PROGRAM
  2. ELIGIBILITY
  3. BENEFITS
  4. TIMELINE
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About the Program

Dream Climate Tech Launchpad 2024 is the second iteration of our climate-focused, milestone-based, and investment-readiness program in partnership with Dream.org with the support of Salesforce. This year’s program will support Black and Latinx-led climate tech startups building solutions related to energy, the built environment, and electronic transportation and infrastructure. 

These solutions will help decarbonize our global economy and create a localized impact for communities of color that have been historically excluded from the clean energy transition.

Problem Statement

The US has seen significant climate tech innovation in recent years, yet even some of the more mature technologies, such as solar, energy-efficient retrofits, and electric vehicles, often remain inaccessible to low-income communities and communities of color. These populations have long faced environmental injustices that have resulted in generational inequities, negatively affecting economic, social, and health outcomes. 

Current macroeconomic trends in climate tech indicate opportunities for Black and Latinx founders with lived experience to create solutions for environmental justice in local communities. Recent federal investments, such as the Inflation Reduction Act and the Greenhouse Gas Reduction Fund prioritize clean technology projects in communities of color, aiming to boost economic growth through the creation of clean jobs, improve public health, and lower energy costs.

Through our Dream Climate Tech Launchpad 2024 program, Village Capital, in partnership with Dream.Org and with the support of Salesforce, seeks to support startups leveraging these opportunities to ensure a green transition for all.

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Who should apply?

Village Capital is looking for 10 Black or Latinx-led startups focused on addressing the following areas:

  • Energy: Solutions that increase accessibility to solar energy, energy storage, and grid management. Examples include community solar, solar financing, agrivoltaics, thermal, battery storage, energy storage optimization software, real-time monitoring, and enhanced renewable energy integration.

  • Built Environment: Solutions that decarbonize heating and cooling in buildings, energy efficiency technologies, and innovative construction methods. Examples include  efficient heat pumps, efficient lighting, improved insulation, intelligent building efficiency solutions, clean construction materials, modular construction, 3D printing, and software that helps manage building projects.

  • Electric Transportation and Infrastructure: Solutions that improve EV infrastructure, EV battery technology, and models that promote affordable access to EV. Examples include increasing access to charging stations, EV charging efficiency software, vehicle-to-grid (V2G), efficient battery technologies, wireless charges, alternative production and recycling methods for batteries, and EV financing solutions.

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Eligibility:

  • Owned and operated by Black or Latinx Founders.

  • Legal incorporation as a for-profit entity.

  • Scalable solution that tackles one of the above mentioned areas, specifically impacting low-to-moderate income communities and communities of color in the US.

  • Headquartered and with operations in the United States.

  • Market-based solution that tackles the challenges above.

  • Have a minimum viable product (MVP), and raised less than USD 1.5M in equity.

  • Have at least one full-time founder based in the US.

  • Have meaningful customer or business validation (not limited to revenue, it can also be successful pilots, number of users, and/or strategic partnerships).

Program Benefits

Startups selected for the program will receive:

financial health

Catalytic Capital

Upon completion of the program, each startup will receive USD 5K as a non-dilutive, equity-free grant from Dream.Org. Two (2) companies from the cohort will be selected by their peers to receive additional investment capital of USD 25K each from Dream.Org to further scale their solutions.

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Mentorship

Opportunities to network and receive mentorship from investors, strategic partners, founders, and business leaders.

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Training

The curriculum has an emphasis on fundraising, business development, and opportunities to build deeper connections within the cohort. The program is structured to include one intensive workshop, followed by four monthly virtual check-ins and one in-person Summit, allowing for the cohort to engage with each other, receive training, and share updates on their milestones.

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Financial Analysis

One-on-one coaching with an investment analyst focused on building a financial model, identifying unit economics, and using financial metrics to drive both their business and investor diligence.

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Media Exposure

Exposure on Village Capital’s website and other collateral communications.

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Access to Abaca

Scale your business faster by identifying the right capital for you and planning your next milestones for growth.

Advisory Board

Anjali Mahadevia
Anjali Mahadevia
Head of Business Development, Future
Brahm Rhodes - Malaika Ventures
Brahm Rhodes
General Partner/Co-Founder, Malaika Ventures
Chris Oates
Chris Oates
Founder and CEO, WAJU Water
Gabe Cuadra
Gabe Cuadra
Senior Associate, Powerhouse Ventures
Gwendy Brown
Gwendy Brown
Senior Policy Advisor, Elemental Excelerator
Jackie Omotalade
Jackie Omotalade
Green for All Climate Investments Director, Dream.org
Jean Nelson - Houpert
Jean Nelson - Houpert
CFO, Volt Energy Utility
Joel Burstein
Joel Burstein
Co-Founder & CEO, BEAM Collaborative

Learn more about mentoring with Village Capital.

Program Timeline

March 27

Applications Open

April 30

Applications Close

June 10

Cohort Announced

June-October

Program Workshops

  • Virtual Workshop 1: June 10-14, 2024

  • Monthly Check-In: July 17-18, 2024 

  • Monthly Check-In: August 21-22, 2024

  • Monthly Check-In: September 18-19, 2024

  • Monthly Check-In: October 16-17, 2024

  • In-Person Program Summit: October 28-31, 2024

Frequently Asked Questions

1. What is the main goal of the program?

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2. Do you require us to move to the cities of the program?

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3. Do you take equity for participating in the program?

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