# 33 How can climate technology companies be built at speed and at volume?

New Ventures Podcast

Listen to Chris Coleridge, of the Cambridge Judge Business School talk of how and his colleagues are helping build innovative organizations that will have the potential to reduce carbon emissions by 10 million tonnes per annum at Carbon 13. The process starts with selecting 70 people of diverse backgrounds from over 1000 applications. These 70 people form their business teams by trading ideas during the first six weeks. In the first six weeks, all members must spend some time physically with each other in the University of Cambridge. Once they form teams they go back and work with each other and come back to pitch for a pre seed investment. Then with this money they are off to an accelerator phase, selling to customers and attracting the next round of investment.

This is building businesses on steroids. It requires highly motivated people who can work with each other. It requires a network of business supporters, people who can provide advice and perspective and open doors with introductions. It also requires that there is a network of venture capitalists who can fork out cash.