IMPROVED x SET Ventures
Mapping of the Belgian Energy & Mobility Startup Landscape
Despite historical challenges marked by high CO2 emissions due to a densely populated and heavily industrialized economy, Belgium is now accelerating its path toward a carbon-free economy, spurred by commitments under the Paris Agreement to reach net-zero greenhouse gas emissions by 2050. IMPROVED and SET Ventures partnered and developed a whitepaper, providing a deep dive into the dynamics and opportunities within the Belgian Climate Tech Ecosystem.
The country has embarked on an ambitious path to decrease greenhouse gas emissions by 35% from 2005 levels and increase the share of renewable energy to 18.3% by 2030, as aligned with the National Energy and Climate Plan (NECP). These targets necessitate a significant acceleration in decarbonization efforts, which have notably increased in the past year alone—evidenced by a 15% rise in renewable energy contributions and a 75% surge in electric vehicle adoption. Investments in climate tech have more than doubled year-on-year in 2023, showcasing a resilient market that continues to grow despite broader economic headwinds.
Beyond investments, our paper explores strategic advancements across key sectors such as Industry, Power, Mobility, and the Built Environment. It also addresses the critical role of digitalization and grid flexibility in accommodating rapid electrification and managing increased capacity demands. With Belgium experiencing unprecedented growth in venture capital funding, particularly in transport and mobility solutions, there’s a clear pathway for continued innovation and economic opportunities.
Whether you’re an investor, entrepreneur, or enthusiast in the energy sector, there’s never been a better time to explore the opportunities that the Belgian Climate Tech Ecosystem has to offer. Download the full whitepaper for a detailed overview:
Reach out to the IMPROVED and SET Ventures team to discuss how you can be part of this exciting journey towards a sustainable and profitable future:
IMPROVED
- Frank Verbeek: verbeek@improvedcf.com; +31 6 538 390 13
- Bas Hendriks: hendriks@improvedcf.com; +31 6 124 534 35
- Stef Roefs: roefs@improvedcf.com; +31 6 273 971 21
SET Ventures
- Anton Arts: antonarts@setventures.com; +316 53 129 048
- Ellen Smeele: ellensmeele@setventures.com; +316 15 26 37 04
Join us in driving impactful change, and grasp the opportunities within Belgium’s evolving climate tech landscape.