The Climate Change Investment Initiative, a joint effort of the Exelon Foundation and Exelon Corp., is encouraging startups whose products, services or technologies fight climate change and improve the quality of life for Philadelphia area residents to apply for an equity investment.
“Climate change requires us to take bold, collective action,” Sunny Elebua, Exelon chief strategy and sustainability officer, said. “The 2c2i program is a key component of Exelon’s commitment to addressing climate change in the communities most affected, which are often also the most underserved. This program supports community-based companies that are developing solutions and creating long-term economic opportunities, improving the quality of life for thousands. We’re looking forward to partnering with even more innovators with the zeal to have a lasting impact on generations to come.”
Equity investments are provided annually to startups whose work benefits residents of the six major markets Exelon serves.
The startups must do one of the following: help achieve a state or city’s specific sustainability and climate goals; help cities, businesses and communities adapt to climate change; mitigate greenhouse gas emissions; or boost the resiliency of urban infrastructure against flood, stormwater and rising temperatures.
The application deadline is Sept. 15.
2c2i has invested in 32 companies over the past four years.