ABOUT THE ROLE
Deep Science Ventures (DSV) is a science venture builder - we build new science start-ups and recruit impact-driven individuals with specific skill sets to become Founders.
THE CHALLENGE
The race to safely store billions of tons (Gigatonnes) of CO2 by 2050 at <100 USD/ton, permanently, and without causing negative side effects, is in full swing. With over 100 direct air capture companies having entered the market over the last years the focus has been strongly on the capture side. Yet in order to reach the goal we simultaneously need to build a robust supply chain pre and post capture.
Looking at the post capture supply chain for carbon sequestration, the majority of companies, producing concentrated CO2, are turning at the moment towards mineralisation companies that are producing carbonates above ground for the use in building materials, as off-takers. Even though aggregates and concrete are the largest material market today, it has its limits in the low Gt range. Beyond this we will need to unlock geological storage space, set up the necessary infrastructure and ensure the logistics between the individual actors.
OUR APPROACH
In the context of the supply chain we will face challenges around CO2 compression costs and optimal co-location (renewable energy access, CDR location, storage location) as well as supply-demand matching (overall volume but also the fragmentation of both sides). Specific challenges around storage are the integrity of the cap rock, rate of CO2 injection, required pressure for the injection as well as policy and licensing processes. Thus we are very keen to explore with you business opportunities around CO2 transportation infrastructure, material development, CO2 logistics as well as secure long term CO2 storage.
ABOUT DSV
Deep Science Ventures is creating a future in which both humans and the planet can thrive.
We use our unique venture creation process to create, spin-out and invest into science companies, combining available scientific knowledge and founder-type scientists into high-impact ventures.
We operate in 4 sectors: Pharmaceuticals, Climate, Agriculture and Computation, tackling the challenges defining those areas by taking a first principles approach and partnering with leading institutions.
Requirements
Benefits
We are a team of operators who have founded companies and led translation of science at some of the most respected universities, charities, funds and government agencies. 2/3 of the team have founded or led a company at C-suite and 65% have a PhD. We are deeply involved in each company, providing:
Exploration: Deconstruct the ‘Post CO2 capture value chain’ opportunity area and identify possible approaches for venture spin-out.
We offer mentorship and guidance through weekly deep dive work sessions, access to our opportunity insights and knowledge base, access to a global network of experts, access to a community of other science Founders working on launching their own companies, and a curated collection of resources and proprietary tools.
Building: Build a team of co-founders and advisors around the most promising approach(es).
We offer Co-Founder(s) sourcing and assessment via our proprietary tools, advisory board sourcing, advice on technical and commercial investment milestones, co-development of technical roadmap and go to market strategy, investment readiness pre-launch with further focus on technical and commercial proof, customer development support.
Accelerating: Secure capital and focus on technical proof-of-concept development with the support from our industry partners.
We offer £250k pre-seed investment, access to our industry network, advice on follow-on fundraising strategy, including introductions to seed investors and potential customers from our global network, support with term sheet negotiation, supporting grant applications to leverage further non-dilutive funding and value uplift and access to a community of seasoned science founders in our portfolio.
Additionally, we provide a monthly stipend of £4,166 so that you’ll have guaranteed income before you’re able to secure the pre-seed investment. In other words, we pay you to start your own company. We also cover pre-investment expenses that are crucial for the development of the idea/project.