Third Derivative

Affiliated Institution
Rocky Mountain Institute, New Energy Nexus
Support Entity Type
Accelerator
Business Stage Supported
Early
Middle
Late
Funding Type
In-kind contributions
Type of Recipient
Private sector
Climate Objective
Mitigation
Region
East Asia and Pacific
Europe and Central Asia
Latin America and the Caribbean
Middle East and North Africa
North America
South Asia
Sectors and Themes
Energy
Co-financing Requirement
No
Application Frequency
Rolling
Contact Information

Contact 'Third Derivative' via their 'Contact' webpage: Contact

Countries

By guiding and supporting climate tech entrepreneurs bringing new ideas and innovation to market, Third Derivative is accelerating the clean future worldwide. Through a vast global network of deep experts, corporate partners, and investors, Third Derivative helps startups go to market faster with their world-changing ideas, create real impact, and transform markets.

Founded by RMI and New Energy Nexus, Third Derivative is accelerating the rate of climate innovation through their inclusive ecosystem approach, which rapidly finds, funds, and scales climate tech globally. Third Derivative launched in December 2020 with 46 companies, the largest cohort of climate tech companies in the world.

By uniting and aligning committed investors, large corporates, and market and policy experts with the world’s most promising climate tech startups, Third Derivative bridges finance and resource gaps to increase speed to market. Their flexible and highly curated accelerator program enables startups to focus on their unique needs and opportunities.

Today, Third Derivative’s collaborative ecosystem includes $4T market cap of corporate partners, $8B AUM of investor partners (across five continents), and over 260 startups addressing climate challenges across all major emissions sectors. Together, Third Derivative is moving markets to achieve a brighter, more equitable climate future.

Eligibility Criteria

Third Derivative eligibility requirements include the following:

  • You must have a minimum of two full-time employees (no upper limit)
  • You must have a working prototype i.e. achieved a Technology Readiness Level of 4
  • Your startup is a for-profit company
  • No basic science risk

Third Derivative focuses on hardtech climate innovations including the following (and more):  

  • Efficient building cooling, heating, and envelope
  • Efficient building lighting and appliances
  • Advanced construction for more efficient buildings (prefab, 3D printing, etc.)
  • Batteries (new chemistry, BMS, manufacturing, etc.)
  • Electric transportation
  • Vehicle efficiency technologies
  • Long-duration energy storage
  • Renewable power generation
  • Power electronics and hardware for a low carbon electricity grid
  • Carbon capture and utilization
  • Carbon markets
  • Methane capture
  • Green hydrogen
  • Renewable process heat
  • Biofuels, synfuels, and low carbon chemicals
  • Low carbon steel and cement
  • Other low carbon materials
  • Computing and communication technology efficiency
  • Financing and project development innovation that expands or accelerates adoption of climate technologies
  • Enabling software (e.g.: building energy management, grid management) that expands or accelerates adoption of climate technologies

Third Derivative suggests applying even if your technology wasn’t listed above.