ENGIE LaunchesVenture Studio to Boost Climate Tech Startups Across the Middle East

 

ENGIE Factory is the venture building arm of ENGIE Group, a leader in low-carbon energy and

services. Committed to helping customers decarbonize and accelerate the energy transition, ENGIE

Factory supports the business activities with building and investing in early-stage startups. Leveraging

on its diverse portfolio and proven model, ENGIE Factory is set to support the growing

entrepreneurial ecosystem of the Middle East.

 

 With a commitment to building and investing in startups which accelerate the energy transition and

speed of decarbonisation, ENGIE Factory aims to be at the forefront of driving a new wave of

innovation in the Middle East. ENGIE Factory collaborates with entrepreneurs to develop new

business models and fundable startups. “We build innovative startups from scratch with founders and

leverage the Group’s expertise, funding and market access to accelerate their solutions.” said Caroline

Guyot, Managing Director, ENGIE Factory.

 

 

Launched in Singapore in 2019, ENGIE Factory has built over 14 startups which are solving pressing

climate issues. Examples are startups decarbonizing hard to abate industries, accelerating the

distribution of renewables with business model innovation and developing intelligent software to

facilitate the energy transition. “In close collaboration with investors, governments and other

corporates, we have built a unique model for corporate venture building. We couldn’t do this without

the support of our valued partners, which are a critical driver for success in the Middle East”, says Guyot. 

 

“As the need for climate action becomes ever more urgent in the face of global warming, it is vital

that we leverage the latest innovations available to us as a community to solve the challenges that

stand in the way of reaching Net Zero. By supporting the latest innovations emerging in the tech

start-up community, it is our hope that we can develop meaningful solutions that helps industry

decarbonize,” said Tomaz Guadagnin, Country Manager GCC & Pakistan, ENGIE.

 

ENGIE Factory invites entrepreneurs and investors to join us in building the next climate tech startups

in the Middle East helping to advance much needed decarbonization initiatives to safeguard our future.