Welcome to the Q1 briefing of 2023. The Baltic cleantech sector is booming and leading the way in sustainable innovation. With active policy development and states’ proactivity, the sector can expect more A rounds this year, facilitated by government-led support for science-based innovation and emphasis on greening production in the Baltics.
- The Baltic cleantech sector experienced a 15% growth in investments in Q1 2023, with renewable energy and circular economy solutions leading the way.
- Nordic-Baltic Hydrogen Corridor was established. The corridor will strengthen the region’s energy security, reduce the dependency on imported fossil energy and play a prominent role in decarbonizing societies and energy-intensive industries along the corridor.
- The sustainability b2b accelerator program was implemented in Lithuania for the third time (implemented by Cleantech for Baltics coalition partners ROCKIT).
The full Cleantech sector insights for Q1 2023 could be found HERE.