Lisburn-based Artemis Technologies is the only Northern Ireland company to be chosen for Tech Nation’s first Net-Zero growth programme.
Tech Nation selected its 30 most promising UK scale-ups that are tackling a range of climate issues through innovative tech, to be part of its world-first initiative.
The government-backed programme has been designed to support the organisations “help build a cleaner, greener, and more sustainable future.”
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Maritime firm Artemis Tech is a spin-off from the successful America’s Cup sailing team, Artemis Racing.
It is currently leading a Belfast-based consortium developing new hydrofoil high-speed vessels and propulsion systems, and has been chosen as one of four additional ‘Fellows’ to the 30-strong cohort.
The Fellows selected are net zero companies at a later stage of funding or are alumni of Tech Nation growth programmes. They will have access to the Net Zero coaching sessions and peer-to-peer learning opportunities, and will share their own experiences.
Dr Iain Percy OBE, double Olympic gold medallist and CEO of Artemis Tech said: “We estimate that our eFoiler technology will prevent 77 million m3 of CO2 emissions by 2026, and look forward to networking with, and learning from, like minded companies helping to deliver against the UK's ambitious plans to be carbon neutral by 2050.”
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David Tyler, commercial director at the company previously added that the eFoiler “will reduce the drag of modern fast vessels by up to 90%, making electric propulsion at high-speed and range commercially viable for the first time.”
Gary Davidson, entrepreneur engagement manager for Tech Nation NI said: “Artemis Tech is making such a massive impact in the net zero space – we couldn’t not include them in the Net-Zero programme.”
He highlighted the positive effect the firm's place is for all of the Belfast Maritime Consortium’s collaborators, adding: “It’s been a whole collaborative approach to get Artemis within the programme, so it’s a great success for the sector within Northern Ireland overall.”
In a new report by Tech Nation, the entrepreneurial growth platform found that the UK leads Europe for the number of Net Zero companies, at 323 compared to 207 in France (35% less) and 150 in Germany (53% less).
Find more info on all companies chosen for Tech Nation's Net-Zero growth programme here.
