Robert Downey Jr. To Take Action Against Environmental Threats
ROBERT DOWNEY JR. – Hollywood actor Robert Downey Jr has recently taken action in fighting environmental threats to the planet
According to GMA News, Downey, who is known for playing Tony Stark/Iron Man, is looking to sustainable technology in order to deal with issues like deforestation and microplastics.
He announced on Wednesday that he was launching venture capital funds, which aims to “accelerate groundbreaking technologies that are addressing the world’s largest environmental challenges”.
FootPrint Coalition, which he founded in 2019 and consists of investors, donors and storytellers committed to scaling technologies to restore our planet, has already invested in firms like Ynsect, which breeds mealworms, and Cloud Paper, which makes bamboo toilet paper, among others.
Nowadays, Downey wants to “quickly mobilize more people and catalyze more capital”.
“There’s groundbreaking technologies we’re going to vet and … keep doing what we’re doing, finding the best in class and accelerate scaling them up,”
“We feel (the funds) is a move towards just a little bit of democratisation in this usually very exclusive space.”
Downey’s FootPrint Coalition Ventures will have an early- and late-stage fund, with a $5,000 quarterly subscription fee and a minimum of one-year worth of subscription.
The firm says that it wants to invest in food and agriculture technology, sustainability-focused consumer products and services, energy and transport, materials and industrial tech, education and media and advanced environmental solutions, based on the report.
“Rather than raising money infrequently from very large anonymous institutions … we do the opposite,”
“We raise money constantly because it’s constantly an opportunity to tell the story and activate and mobilise the audience.”
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