Methane is a substantial contributor to climate change (around 30%) and is likely to worsen. Methane is significantly more harmful to the environment than carbon dioxide: it is 84x more potent over the first 20 years, its emissions are growing 1.6x faster than CO2's and its impact is immediate while CO2 needs to accumulate first. Today, most efforts are concentrated on CO2 removal and abatement, while methane emissions need to be reduced even more urgently. Sixteen44 uses commercially and scientifically proven technology and novel IP from leading research institutes and applies it to the Direct Air Capture of methane, a novel market worth billions.
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Venture Kick supports potential entrepreneurs with start capital up to CHF 150'000 as well as hands-on execution support and access to a nationwide network of investors and experts in the startup field. Multiple times per year, 8 selected projects get the opportunity to present their business ideas in front of a panel. The 5 most promising projects enter the support process. After 9 months at the latest, the startups incorporate and enter the market. Since 2007, Venture Kick has invested over CHF 58 million in over 1111 projects.