Valdis Dombrovskis

Executive Vice President

Past deals in Biofuel

BioTech Foods

Grant in 2020
BIOTECH FOODS is among the few leading initiatives worldwide that develops technology for the production of Cultured Meat. Industrial livestock production presents a growing problem on a global scale in terms of animal welfare, environmental sustainability, and human health. Biotech Foods develops technology to produce cultured meat, in which animal tissue is grown in a controlled environment using cell culture technology, thereby making the raising and killing of animals for food unnecessary. This approach shows great potential of meeting all the requirements of a humane, sustainable and healthy form of meat production.
Bloom Biorenewables Ltd is a company focused on developing innovative technology to convert wood and agricultural waste into renewable materials that can replace petroleum-based products. Incorporated in 2019 and based in Marly, Switzerland, the company aims to provide sustainable alternatives for various industries, including chemicals, fragrances, plastics, and textiles. By employing a biomass deconstruction technology platform, Bloom Biorenewables offers a cost-effective method to extract bio-based molecules from plant materials. This approach not only helps customers reduce their reliance on fossil fuels but also contributes to efforts in mitigating climate change by lowering carbon footprints and supporting the transition to a circular economy.

kraftwerk

Grant in 2019
Kraftwerk Inc. specializes in the production of innovative energy solutions through its proprietary technology, which converts various fuels, including natural gas, liquefied gas, gasoline, and kerosene, into electricity. The company's key product, the kraftwerk TUBE, is a nanocoated metallic tube designed for compact fuel cell applications. These tubes enable the development of lightweight and highly efficient energy sources suitable for mobile applications in automotive and aerial vehicles. By directly transforming fuels into electricity, Kraftwerk Inc. aims to enhance energy efficiency and promote the use of cleaner energy systems in various industries.

kraftwerk

Grant in 2017
Kraftwerk Inc. specializes in the production of innovative energy solutions through its proprietary technology, which converts various fuels, including natural gas, liquefied gas, gasoline, and kerosene, into electricity. The company's key product, the kraftwerk TUBE, is a nanocoated metallic tube designed for compact fuel cell applications. These tubes enable the development of lightweight and highly efficient energy sources suitable for mobile applications in automotive and aerial vehicles. By directly transforming fuels into electricity, Kraftwerk Inc. aims to enhance energy efficiency and promote the use of cleaner energy systems in various industries.

Norsepower

Venture Round in 2016
Norsepower Oy Ltd is a Finnish clean technology and engineering company that focuses on harnessing renewable wind energy for the maritime industry. Founded in 2012 and based in Helsinki, Norsepower develops low-maintenance, software-operated auxiliary wind propulsion systems, specifically its Rotor Sail Solution. This innovative technology employs the Magnus effect through a spinning cylinder to generate wind power, aiding in the propulsion of vessels. The company's solutions aim to reduce fuel consumption and greenhouse gas emissions, thereby enhancing the efficiency and sustainability of maritime operations. Norsepower has secured over $6 million in funding from various investors, including Power Fund III and Lifeline Ventures Oy, as well as support from the Finnish Funding Agency for Technology and Innovation.
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