ICP Ventures
We are venture capitalists investing & building industrial technology companies to accelerate the Net Zero transition
We believe that industrial innovation is fundamental to support global emission reduction across every sector in the industry.
According to the IEA, 35% of GHG emission reductions by 2050 will rely on technologies that are currently at the prototype or demonstration phase, i.e., not yet available on the market or not yet identified.
This provides a challenge, but also a great opportunity for innovation and value creation. This is why we’re here.
Bringing a new approach to venture capital
Industrial technology ventures need partners that understand the complexity of their technologies and industrialization roadmaps. Our unique collaboration with leading industrial firms and an early stage venture lab enables us to access world class domain expertise in the Net Zero transition, and allows us to give our ventures customer access and spot-on industrialization competence.
We invest in companies that develop solutions presenting a significant hardware component with the potential to reduce GHG emissions. We invest in early stage to growth, and retain significant capital for follow-on rounds. We know what it takes to scale.
Our value proposition
Building industrial ventures is tough. That’s why we are active and hands-on in supporting our companies throughout their development.
We have built a platform tailored for successfully building and scaling the technologies of tomorrow. Our approach is based on the following three principles:
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We are strategically and operationally involved, deeply committed to supporting founders and management teams in building ventures into global industrial leaders.
We acknowledge that building industrial technology companies is capital intensive. That’s why we are committed to contribute with significant follow-on financing of ventures that deliver on their business plans.
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Building upon 180 years of history in developing industrial companies and pushing frontiers of innovation by the Aker Group, we know what it takes to scale industrial technology.
We seek to establish early customer partnerships and joint development programs through our industrial ecosystem to demonstrate actual market interest and get better insights into problems that need to be solved. Additionally, we will leverage our industrial partners’ capabilities to strengthen our execution capacities in areas that are essential for industrial ventures to succeed.
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Scaling industrial technology requires multi-functional teams and a structured approach mixing both technical and commercial aspects. This requires scaling the organization within a range of areas, including administrative functions.
We aim to build cross-functional teams to work in parallel on time-critical tasks and provide venture support services to offload key resources, backing founders and management teams in building their ventures into global industrial leaders.
What we invest in
Scalable businesses
We invest in ventures with potential to scale and industrialize with high margins
Market pull innovation
We invest in ventures bringing substantial value to customers and with the potential to launch commercially within 4 years
Ambitious people
We invest in ambitious and purpose-driven people that become our partners in solving the Net Zero challenge
Our investments themes
ICP Ventures focuses on industrial solutions presenting a significant hardware component to help accelerate the Net Zero transition.
Electrification
Industrial decarbonization
Sustainable materials and products
Carbon management
