Sustainable Startups in CEE

sustainable startups in CEE
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Written by VentureXchange

September 23, 2020

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In a world of limited resources and to cope with global challenges, the world needs new ways of production and consumption. Innovative and sustainable ideas are needed that contribute to shaping our world more ecologically. There is a rise in sustainable startups in CEE – changing the world towards sustainability.

The CEE region continues to evolve and compete to be at the forefront of the European tech startup scene. Moreover, CEE startups produced over 10 unicorns with a combined value of €30 billion. 

We’ve focused on these five Eastern European start-ups that are working to make the world a greener place. Sustainable startups in CEE are looking to optimize various processes within the value chain and thereby drastically reduce the ecological footprint. 

 

Top 5 Sustainable Startups in CEE

 

The role of the startups is proven to be important in the innovation process. Therefore, sustainable recovery needs to be backed by venture capital, governments, industry, investors, and other stakeholders. These five sustainable startups in CEE have emphasized the importance of sustainability and climate change the world is facing.

Aeriu – Hungary

Aeriu is a Hungarian startup helping companies to manage inventory while providing a safer environment. Aeriu found a replacement for Forklifts and Electric Scissor Lifts which are using 72 kW electricity in one hour. Since the online business has been booming, the inventory management system has been more and more in the focus of companies. In most companies, it still goes through a manual process which is very complex. Slow, uncertain and it requires more resources: working time, forklift trucks, and energy. Aeriu focuses on simplifying and optimizing this process.

Poland sustainable startups

Handerek Technologies – a sustainable startup from Poland created a patented technology that transforms waste plastic into low carbon alternative fuels. Poland has gained a reputation in the past few years as the new startup-friendly ecosystem. Moreover, this sustainable startup is one more tech startup that has risen from Poland.

This company built a prototype reactor that works via a circulating liquid heat carrier, that allows controlled surface heating. The controlled heating is important to prevent the raw material from burning. The fuel has been tested by the Automotive Industry Institute in Warsaw and the fuel complies with European Standards.

Another sustainable startup from Poland is Make Grow that transforms organic waste such as fruit or vegetables into sustainable packaging or leather alternatives. The organic waste is woven through a biological process and thus turned into material.  The final product is 40 times stronger than paper, 100% plastic-free, not water-soluble, self-adhesive, and best of all, you can compost it at home.

RV Magnetics – Slovakia

RVmagnetics MicroWire replaces several sensors and interfaces with just one. It senses low power consumption therefore it reduces the environmental footprint.

Smart Shelves can detect the addition and removal of items placed on them and give real-time information to the management. The Sensor can solve inventory management issues, especially overstocking and waste reduction.

CleverFarm – Czech Republic

CleverFarm a startup founded in the Czech Republic is a 4-year old, fast-growing, agricultural company that provides data-driven farm management.

CleverFarm’s vision is to enable farming to be automated, economically efficient, and sustainable. Thanks to the use of real information based on SITU research, machine learning, and satellite data, CleverFarm can bring effective water irrigation, threat prediction, reduce the use of fertilizers and chemicals, protect commodities and improve overall farm management.

Startups are crucial elements of fostering knowledge-intensive and sustainable growth. Looking at these examples it is clear that there is a huge potential for sustainable startups in CEE. However, the breakthrough technologies need to be successfully integrated into the market. Therefore it is crucial that governments, industry, investors and other stakeholders support innovation with the aim of accelerating transitions to a green and more sustainable future.

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