Scandens receives guarantee from the Technology Fund

(CONNECT) Scandens can finance upcoming entrepreneurial developments with a guarantee from the Technology Fund. According to a statement from Dominik Bucher, co-founder and CCO of the Zurich-based cleantech company, receiving this guarantee confirms its approach: "Enabling the right investment decisions for real estate portfolios - economically sound and future-proof" and at the same time making the best possible decisions for the climate and the environment. "We are delighted to be part of the technology fund," says Bucher.

Founded in 2021 as a spin-off of the Swiss Federal Institute of Technology in Zurich, the company launched software in 2023 that makes it easier to plan and implement energy-efficient building renovations. With this internet application based on artificial intelligence, owners of real estate portfolios as well as private homeowners can check whether and which renovation measures make economic and ecological sense.

According to a press release from Scandens, the software displays over 500 renovation combinations and creates a plan that serves as the basis for implementation. This should save time and promote sustainable decisions.

With the Technology Fund, the federal government promotes innovations that reduce greenhouse gases or resource consumption, promote the use of renewable energies and increase energy efficiency. Guarantees make it easier for innovative companies to take out loans. The guarantee is granted to banks or other suitable lenders. A maximum of CHF 25 million per year will flow from the proceeds of the CO2 levy into a technology fund to cover guarantee defaults. ce/mm