Climate Change Investment Initiative (2c2i)

Grant Overview

Donor: Exelon Foundation and Exelon Corporation

About: The Climate Change Investment Initiative (2c2i) is a 10-year, $20 million program jointly funded by Exelon Foundation and Exelon Corporation. It aims to support innovative startups that develop solutions for climate change mitigation, adaptation, and resilience. The initiative also emphasizes social equality and economic prosperity within Exelon's service areas, including Chicago, Philadelphia, Baltimore, Washington D.C., Atlantic City, and Wilmington. Selected startups receive a minimum equity investment of $100,000 from the Exelon Foundation and in-kind services from Exelon Corporation, such as expert guidance, business plan support, networking opportunities, and regulatory feedback. Additionally, each startup collaborates with Exelon on an Impact Project to advance environmental goals and benefit underserved community segments.

Focus: Climate change mitigation, adaptation, resilience; social equality, economic prosperity

Region: Chicago, IL; Philadelphia, PA; Baltimore, MD; Washington D.C.; Atlantic City, NJ; Wilmington, DE

Eligibility: Startups operating in or planning to operate in Exelon's service areas; emphasis on women and minority-led teams; focus on environmental and social justice

Benefits: Minimum $100,000 equity investment; in-kind services; networking; regulatory feedback; collaboration on Impact Projects

Terms:

• Equity Investment: Funding provided in exchange for ownership interest in the startup.
• In-Kind Services: Non-monetary support such as mentorship, business guidance, and access to networks.
• Impact Project: A collaborative effort between the startup and Exelon to achieve environmental goals and assist underserved communities within a specific service area