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Limenet s.r.l. Benefit

Limenet

Climate Impact Limenet's technology falls within the spectrum of Carbon Dioxide Removal solutions, delivering an impressive dual impact by capturing and sequestering CO2 from Limestone and Waste Biomass while simultaneously battling ocean acidification. Problem/Market need Limenet addresses the critical issue of CO2 raising emission and ocean acidification caused by the excessive absorption of carbon dioxide by the ocean, disrupting the natural carbon cycle, and threatening marine ecosystems, biodiversity, and the ocean's role as a vital carbon sink. Solution/Product Limenet's patented technology utilizes a hybrid technology between Ocean Alkalinity Enhancement, Enhanced Weathering to capture CO2 from limestone and waste biomass, creating a liquid solution of calcium bicarbonates that, when introduced into the ocean, increase alkalinity, and restores the ocean chemical equilibrium, addressing acidification at its source.

Lobbying Activity

Meeting with Marc Lemaitre (Director-General Research and Innovation) and

25 Apr 2025 · Second meeting of the European Startup and Scaleup Forum. Discussion on the draft building blocks of the EU Startup and Scaleup Strategy structured along the identified obstacles and possible solutions.

Response to EU Start-up and Scale-up Strategy

17 Mar 2025

I) To develop a more integrated and competitive startup ecosystem, the EU should complete the single market for startups and scaleups. This includes standardizing investment processes across the Union, simplifying cross-border employment and capital flows, and adopting a unified approach to company formation and taxation. An important step toward this goal is the creation of a Pan-EU startup entity, as proposed within the EU-Inc model, aiming to simplify investment opportunities, provide startups with better access to funding, and direct capital toward high-potential ventures. By harmonizing stock options within member states, facilitating cross-border employment, and offering a cohesive structure for venture funding, this initiative could help startups scale in Europe effectively while making the EU more attractive for foreign investors. Additionally, it would reduce fragmentation that currently limits startups' ability to expand beyond national borders. II) Regulatory fragmentation remains a significant challenge for EU startups. Addressing the issue requires streamlining administrative processes to reduce compliance costs, which currently amount to approximately 600 bn annually, around 4% of the EUs GDP. Reducing overregulation and fostering a flexible regulatory framework would allow startups to be more efficient. Expanding regulatory sandboxes, where startups can test innovations under regulatory supervision, would also encourage experimentation and fast-tracking. III) Limited access to funding is one of the most pressing barriers for European startups. A more integrated financial ecosystem would require simplifying funding applications and standardizing investment rules across the EU. Harmonizing VC regulations across member states would encourage international investments, while expanding targeted grants and loans could support early-stage and scaling startups. Introducing tax incentives and co-investment schemes would attract private capital and reduce dependency on public funding. Currently, public institutions dominate startup funding in the EU, whereas private investors lead in the US, with 98 of the top 100. Strengthening private investment alongside well-structured public funding will be crucial for building a globally competitive startup ecosystem in Europe. IV) Simplifying the exit process for startups in Europe is crucial for strengthening the innovation ecosystem, retaining talent and capital, and stimulating new investments. To improve the exit process, three key strategies can be implemented: simplifying IPO processes for European scale-ups, creating a European Stock Exchange for Technology and Scale-Ups, and providing tax exemptions and incentives for acquiring European startups. These measures include standardizing and simplifying listing procedures, creating a dedicated segment for European scale-ups in regulated markets, and harmonizing access thresholds and post-IPO compliance. Additionally, establishing a single European platform for tech IPOs, supported by institutions like the European Investment Bank (EIB) and regulated by ESMA, would centralize liquidity and attract institutional investors. Lastly, introducing tax exemptions or credits for companies and funds acquiring innovative startups in Europe, along with a "rollover tax" mechanism for investors reinvesting in new startups after an exit, would incentivize intra-European M&A and prevent promising scale-ups from being sold to non-European entities V) Additionally, the EU should continue fostering interconnected innovation ecosystems where startups can collaborate with corporations, academia, public institutions, and third-sector actors. These ecosystems are critical for driving collaboration, enabling joint multistakeholder initiatives, and creating the right conditions for innovation. Public-Private Partnerships should be leveraged to pool skills and resources for high-impact projects. A well-connected EU innovation ecosystem network
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