Mills & Reeve in Carbon Trust tie-up” />The Carbon Trust has formed a partnership with law firm Mills & Reeve and consulting and accountancy firm Grant Thornton.
The two firms will work with the Trust, an independent company set up by the government to reduce climate change causing carbon emissions, on the Trust’s ‘incubation scheme’.
The scheme aims to create investment opportunities in technology start-up companies developing low-carbon technologies.
Companies accepted for incubation will receive up to £60,000 of financial support from the Carbon Trust over a 12-18 month period, and Mills & Reeve will provide them all with legal advice.
Together with Grant Thornton, the firm will advise on company and commercial matters, as well as on patents, intellectual property (IP) and licensing work.
Research by the Carbon Trust suggested that early-stage low-carbon technology companies typically spend around £20,000 on IP/patent advice and around £15,000 on general legal advice.
The Mills & Reeve tie-up is intended to provide a significant cost saving to those companies.
Mills & Reeve partner Zickie Lim (pictured) said: “The Carbon Trust is playing a vital role in our response to the threat of climate change and we are thrilled to be able to contribute our knowledge and commercial experience to assist.”
The Carbon Trust is funded by the Department for Environment, Food and Rural Affairs (Defra), the Department for Business, Enterprise and Regulatory Reform (BERR), the Scottish Government, the Welsh Assembly Government and Invest Northern Ireland.