eFormic, Ltd.
CO2code
- Conference
- DEMO 09
- Market Segment
- Enabling Technology
- Funding Amount
- N/A
- Funding Round
- N/A
- Funding Details
- Privately funded start-up, seeking additional funding of $2-3 million.
- Competitors
- No direct competitors
- Product Description
- The CO2code allows companies to climate-neutralize the emissions of products with the use of CO2certificates. The software splits these CO2certificates (tons of CO2) into small units (e.g., pounds of CO2), generating CO2codes, which can be printed on each product, like a serial-code. This allows end-consumers to trace how a yogurt, flight or conference was climate-balanced. While the cost of climate-neutralizing an individual product is extremely low (a bottle of wine=$0.03), the marketing effects are enormous.
- Market Opportunity
- The value of the voluntary carbon market is estimated at $551 million, trading 148 million CO2certificates/year. It has been growing at a rate of over 200 percent per year with a predicted size of 1,400 million certificates by 2020 (Katherine Hamilton, Ecosystem Marketplace). Each certificate can be used to create CO2codes for labeling climate-neutralized products at $1/certificate.
- DEMO Says
- Climate change is arguably the greatest natural threat facing our generation, one that must be addressed on both grand and individual levels. eFormic seems to bridge both. The company gives individuals a standardized and effective means to measure and offset their carbon footprints, while its overall business provides systemic means to combat carbon pollution through smarter forestry and other techniques. And in bridging the two, eFormic shows consumers exactly how their individual actions are working around the world.
- Contact
- Moriz Vohrer
- m.vohrer@eformic.com
- Company Address
-
Kaiser-Joseph-str. 230
Freiburg, Baden-Wrttemberg, Germany 79098 - Primary Phone
- +49-178-348-8717
- Primary Fax
- +49-761-590-0611
- URL
- www.CO2code.info
- Officer One
- Moriz Vohrer - CEO & Founder
- Officer Two
- Pieter van Midwoud - CEO & Founder
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