GreenTech Startup Receives €5M European Sustainability Grant

UBQ Materials, an Israeli greentech startup, has received a €5 million grant from the European Commission’s Just Transition Fund. This funding is intended to support the transition to climate neutrality and promote economic diversification through innovative business solutions.

UBQ specializes in converting household waste into bio-based alternatives for plastic, aligning with sustainability initiatives. The company’s technology aims to reduce environmental impact and contribute to broader climate goals.