Israel is gaining more and more traction in the sustainability- and clean-tech industry. Most recent UBQ Materials, headquarter in Tel Aviv, may serve as a successful example. However, the bottleneck is not the VC and capital, but the human ressoures aka manpower.
To many of the today successful start-ups and enterprises from Israel had not invested enough into staff training on the one hand, and on the other hand many of them are biased and not diverse enough. For old people for example you may look in vain. Some coined already the word of ‘Ageism‘. This said in general.
So, it is no suprise that UBQ too is looking for applicants, as the screenshot from the website proofs:
If you click, you come to a very general contact formular which does in my opinion not reflect the welcoming “Be a part of the solution“. Be it as it may. USB Materials managed to raise a very substantial capital investment “to make the world better”. The press release explains:
“UBQ Materials, developer of the leading climate-positive thermoplastic material on the market, today announced a $170 million funding round, led by TPG Rise, TPG’s global impact investing platform. (…)
Using a patented conversion process, UBQ Materials turns landfill-destined municipal solid waste, including all organics, into UBQ™, a climate-positive, cost-competitive, and fully recyclable plastic substitute.
(…) UBQ Materials Ltd. has developed an advanced conversion technology, patenting the world’s first bio-based thermoplastic (UBQ™) made entirely of unsorted household waste, including all the organics; a revolutionary way to divert municipal solid waste from landfills and convert it into a sustainable substitute for oil-based plastics.
A certified B Corp, UBQ is a globally awarded cleantech company with customers including Mercedes-Benz, global retail solutions provider Mainetti, and Arcos Dorados, the world’s largest franchisee of McDonald’s restaurants across Latin America.
A sustainable replacement to plastic, wood or concrete, UBQ™ can be used both on its own and in conjunction with conventional oil-based resins to offset the overall carbon footprint of end-products in industries including construction, automotive, logistics, retail, and even 3D printing.
The investment will fund UBQ’s global expansion to meet growing demand, beginning with a large-scale facility in the Netherlands to be operational by the end of 2022. Funds from the round will also go into UBQ’s continued research to advance certifications, research, and development of new products. (…)
Today, over 2 billion tons of municipal solid waste (MSW) are produced annually around the world, more than 70% of which end up in landfills or is openly dumped. Landfills are the third-largest human source of methane, a GHG 80 times more powerful than carbon dioxide over 20 years. For every ton of UBQ™ produced, the solution can prevent as much as 12 tons of CO₂ equivalent from entering the environment.”
Maybe UBS Materials may show up also in some Israeli City like Haifa.