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In its third year, Barclays’ Unreasonable Impact programme continues to nurture dynamic entrepreneurs and ventures dedicated to solving global challenges and creating the jobs of tomorrow.

Three years into the groundbreaking Unreasonable Impact partnership, Barclays and Unreasonable Group continue to help prepare growth-stage ventures for global scale, supporting nearly 18,000 jobs. This collaborative network of mentors, specialists and strategic partners has helped entrepreneurs that have raised over $1.3 billion in funding and generated over $1.1 billion in revenue to deliver game-changing solutions for some of the world's most pressing problems.

Daniel Epstein at Unreasonable World Forum
Our intention is to scale up growth-stage companies. Each company we align with we believe can create 500 jobs in the next five years.
Daniel Epstein, CEO of Unreasonable Group

Unreasonable Impact has focused on fostering ESG innovation with its global portfolio of more than 70 ventures hailing from several continents. All of these ventures shared the common aim of disrupting a variety of sectors that have become ripe for using sustainable approaches to resource challenges. These pioneering companies received access to expert advice from a world-class network of mentors, including leaders from Barclays and valuable new business contacts through the programme.

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Joe McGrath, Barclays Global Head of Banking, delivers the welcome address at the 2018 Unreasonable World Forum at the Royal Institution of Great Britain in London.

Barclays wants to help create jobs in sectors that are important to the global economy and benefit society as a whole. This is our third year and we are excited about the next stage of the program and helping these new ventures grow.
Joe McGrath, Global Head of Banking, Barclays

Here is an update of several groundbreaking ventures from the Unreasonable Impact programme:

LanzaTech

LanzaTech is commercialising technology that captures carbon-rich emissions and then uses patented anaerobic “bugs” to convert the waste into aviation fuel or products. As highlighted by Virgin Group Founder and CEO Richard Branson at Barclays Asia Forum, Virgin Atlantic recently completed the first ever commercial flight using LanzaTech's jet fuel alternative. The new aviation fuel was developed by recycling industrial waste gases and touts a 70% reduction in carbon emissions.

The company estimates the potential to meet up to 20% of current global aviation fuel demand in the event its technology can be provided to steel mills across the world. Branson called the company's process “exciting because this fuel takes waste, carbon-rich gases from steel and aluminum mills and gives them a second life – so that new fossil fuels don't have to be taken out of the ground." LanzaTech participated in the 2016 US Unreasonable Impact programme and hopes to scale to fuel all Virgin Atlantic flights leaving Great Britain.

Sure Chill

Keeping life-saving materials, such as food or vaccines, at safe temperatures is a critical challenge for developing economies that are plagued by frequent power outages, as well as for areas coping with the devastation caused by natural disasters. Sure Chill patented a solution for refrigeration that does not require a constant power supply.

First introduced in a vaccine fridge that could stay cool for 12 days in an ambient temperature of 43°C, the revolutionary technology stores energy naturally without the need for a battery. Sure Chill is working with NGOs such as UNICEF as well as some of the planet's largest brands to explore implementation of this sustainable energy breakthrough across several applications, including agriculture, medicine, and even data cooling. Sure Chill was also awarded Barclays Entrepreneur award for 2018.

Fourth Partner Energy

Fourth Partner Energy (4PEL), a renewable energy service company that offers a portfolio of decentralised solar power assets in India, participated in the Asia Pacific accelerator and attended the 2018 Unreasonable Impact World Forum. The company's founder and director Saifuddin Dhorajiwala noted the structure and value that the Unreasonable Impact programme provided to the entrepreneurs. “The cohort of exceptional mentors and entrepreneurs coming together in a non-threatening environment adds to the richness of the experience," commented Saifuddin Dhorajiwala, Founder Director of Fourth Partner Energy.

Looking ahead, Barclays is excited to welcome over 25 new entrepreneurs ready to disrupt, innovate and create thousands of future jobs as they participate in an intensive two-week accelerator to help them scale their companies as part of our 2018 Unreasonable Impact programmes in New York and London over the next two months.

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The Unreasonable Impact programme aims to identify the world’s most promising impact entrepreneurs of today and equip them with tools to be industry leaders of tomorrow.

About Unreasonable Impact

Barclays and Unreasonable Group officially launched Unreasonable Impact in 2016, centering the programme around scaling growth-stage ventures that are positioned to create thousands of jobs while solving our planet’s toughest social and environmental challenges. The entrepreneurs participate in regional accelerators in Asia Pacific, the Americas, the UK and Europe. In October 2018, Barclays and Unreasonable Group hosted the second annual Unreasonable Impact World Forum at London's Royal Institute of Great Britain.

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Jobs of tomorrow, solutions for the planet

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Jobs of tomorrow, solutions for the planet

Barclays has partnered with Unreasonable Group to support entrepreneurs that are creating jobs and improving the sustainability of our world.

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