EQT Foundation joins forces with Fifty Years to support breakthrough science
EQT Foundation has committed to supporting Manifest Climate, a grant program for under-researched areas within deep tech climate science alongside Fifty Years, an early-stage venture capital firm that helps world-class scientists become entrepreneurs.
Manifest Climate, a research grant program, will award grants starting at $25,000 and up to $100,000 for scientists working on the next climate tech solution. Through this funding initiative, Fifty Years and the EQT Foundation aim to support breakthrough climate science in the early research stages.
Historically, several areas of research – such as translational science representing the process of a basic discovery to implementation – remain underfunded. Investor attention may focus on more market-ready solutions or on concepts where sufficient knowledge already exists. In addition to the lack of funding, other challenges include slow access to funding some grant processes can take up significant amounts of researchers’ time to apply and then result in over a year-long wait during the review process.
Applications for Manifest Climate grants take 30 minutes to apply and applicants will receive a response within 21 days. No intellectual property claims will be made and the confidentiality of proposed research is guaranteed through NDAs signed by all reviewers and staff.
The call for applications starts on August 1, 2023. Any academic scientist (PI, PhD, Postdoc) working on a bio x climate solution can apply at fiftyyears.com/manifest. The application period closes on August 31 at 11:59 pm PT.
EQT Foundation is proud to partner with Fifty Years, an early-stage venture capital firm backed by 44 tech unicorn founders who want to help the next generation of founders change the world for the better. The Manifest Climate program builds on the earlier fast grants initiative, Repro Grants, started by Fifty Years in 2022. Repro Grants focused on female reproductive science to bridge the gender research gap.
EQT Foundation has committed EUR 1 million to fund breakthrough science research within the thematic focus areas of Climate & Nature and Health & Equity.
"There is a deep resonance between EQT Foundation’s mission of helping breakthrough ideas from lab to market, and Fifty Year’s ‘fast grants’ initiatives. Together, we aim to move more philanthropic capital to climate scientists developing scalable solutions, and to do it much faster than before, marrying expertise, technology, and new pockets of catalytic capital. The Manifest Grants are built for a new generation of grantmakers and wealth holders who are looking for effective ways to safeguard people and planet, and we hope that many more will join us."
Cilia Holmes Indahl. CEO EQT Foundation
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About EQT
EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of almost three decades of developing companies across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. EQT has EUR 269 billion in total assets under management (EUR 136 billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets.
With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.
The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in more than 25 countries across Europe, Asia and the Americas and has more than 1,900 employees.
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About Fifty Years
Fifty Years is an early stage VC firm based in San Francisco. Fifty Years support founders who are using technology to solve the world’s biggest problems. They’re backed by 44 founders of tech companies valued between $1B and $100B who want to help the next generation of founders change the world for the better.
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