Boost My Startup Challenge 2024
The storage of carbon dioxide plays an important role in climate protection. Innovative technologies enable the conversion of CO2 into sustainable materials, which makes a significant contribution to reducing emissions.
The Bern-based ClimateTech company Neustark has won this year’s Boost My Startup Challenge. According to a press release, Neustark came out on top against five other competitors in the competition organized by the consultancy firm WSP from Lucerne and the major Zurich bank UBS. The Bern-based company, a spin-off of the Swiss Federal Institute of Technology in Zurich(ETH), was recognized by the judges for its CO2 mineralization technology. According to the company, the process converts carbon dioxide into limestone, which is bound to the pores and surface of concrete granulate. The granulate carbonated in this way can then be used in road construction or for the production of recycled concrete. As Neustark forecasts, the company wants to store a total of 1 million tons of carbon dioxide from the air by 2030.
The challenge now won gives the Bern-based company access to WSP’s teams, offices and customer network as well as support from UBS Growth Advisory. In addition, the company can benefit from funding, either from UBS Growth Advisory or from WSP.