The signs are good: Germany wants the energy transition. The government and a large part of the population are behind it. “The fact that there is political will is a basic prerequisite for the success of startups in this area. Your ideas fall on fertile ground here.” Germany is actually a good place to start up companies in the field of renewable energies and climate technology. And: “The energy sector is a trillion-dollar market.”
That’s what Thong Le Hoang, Principal at Tomorrow, Visionaries Club’s Frontier Climate Tech Fund, says. The Munich native studied Management and Technology at the Technical University of Munich and specialized in electrical and energy engineering. At the Fraunhofer Institute he then worked in the area of deep tech company building at the interface between research and startups. In 2018, Fraunhofer launched its own 60 million euro fund FTTF, which Le Hoang helped manage. In spring 2023 he will move to the Visionaries Tomorrow Fund as a principal. Its investment field: future technologies. Deep tech and B2B. And the startups’ innovations should enable at least quantum leaps, according to the fund’s website.