Episode 48. FOAK: The Future of Cleantech
First time is a charm, right?
For many climate technologies, building a first-of-a-kind (FOAK) project is a major barrier to widespread adoption and commercialization. The ecosystem of early-stage climate tech funding, such as venture capital and grants, is well-known and used to taking substantial risk for outsized impact. The pools of capital and expertise for turning those technologies into commercial-scale projects, however, is more challenging to navigate. Nevertheless, it is critical for companies to learn to navigate this gap to bring impactful technologies to scale.
Deanna Zhang, CEO of V1 Climate Solutions, joins us on the show to talk all things FOAK. With a background in investment banking, she has built an expertise in helping companies navigate the pitfalls of FOAK projects and works with startups, investors, and corporates to help them define strategies to successful scale-up climate technologies. Tune in to learn more about how we can best bridge the gap between FOAK and Nth-of-a-kind projects and what developments are needed to make that possible.