Morning. This Ramadan, check out the Islamic fintech startups, from Detroit to Dubai, serving our plural societies. ☪️
The winds of change
Wind energy is reaching scale. Wind turbines generated 48.5% of the Great Britain's electricity on Monday - a new record. Onshore and offshore wind energy prices have collapsed 40% and 30% respectively in the last decade, making wind competitive with fossil fuels for the first time.
As wind energy becomes an increasingly attractive prospect, a host of startups are targeting this fast-growing market. From using AI in wind farm simulation, to robotics in turbine repair, innovative anti-icing elemental coatings and bird collision prevention technology, these startups have the potential to significantly increase the shelf life and efficiency of turbines, driving savings for energy producers, and the planet.
2020 took a big toll on mental health, with depression doubling to affect 1 in 5 people during the pandemic. According to Mind, at least 1 in 4 will experience a mental health problem of some kind this year, yet only 13% of those people will seek treatment.
Digital mental health and wellness tools are helping break down stigma, and address sleep disorders, anxiety, addiction and more from home. Investment for Mental Health startups more than doubled between 2019 to 2020 to €1.5B, and has already hit €1.4B in 2021 to date. Explore the landscape of mental health startups, and next week maybe recommend one to a friend.
📨 There are 4 days left of apply for EIT's 8th Digital Challenge, with €250k up for grabs for eligible deep tech scaleups. Applications closing 10th May.
🌱 May 20th: grab your seat for our Nordic Impact Startups event, with Danske Bank, Green Innovation Group, Danish Green Investment Fund and Almi Invest.
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