Nature Credits market place
| Reference number | |
| Coordinator | Mantalla AB |
| Funding from Vinnova | SEK 292 000 |
| Project duration | October 2023 - March 2024 |
| Status | Completed |
| Venture | Innovative Startups |
| Call | Innovative Impact Startups autumn 2023 |
Important results from the project
1.Desktop research and meeting of experts to understand the current landscape for biodiversity offsets and assess where the market is in terms of uptake and offtakers. 2. Assess if the market has an appetite for the current offering and if there is a place for 3rd party marketplaces. 3. Develop an MVP to test market reaction.
Expected long term effects
The primary objective was to establish business validation of the nature credit market and business validation of 3rd party marketplaces by way of testing the market with a working MVP marketplace. Other achievements based on stated aims include: The vision is well aligned with sustainability frameworks such as CSRD and ESRS as stated in the project objectives. We partnered with Dialect to buid an MVP marketplace and established that there is strong business interest from the major corporate marketplaces using our Vinnova-sponsored MVP as a showcase.
Approach and implementation
Research revealed a rapidly changing landscape with respected established accreditors, being exposed for accrediting several fraudulent projects. The result is a move towards historically financially centric accreditors. To test the market we built an MVP ( minimum viable product ) based on a React framework and webGL. The concept was to tie existing Nature-credits as a sponsorship opportunity to Dialect’s customers which include Coco-Cola, HOKA and North Face outdoor clothing. We have now partnered with Dialect to service thier clients.