The Pope Wants Vatican Startups to Fix Climate Change
By Chiara Albanese and John Follain, Bloomberg Technology
It’s quite a cocktail: throw in some profit-seeking techies, mix in the age-old Roman Catholic Church and add a twist of anti-globalism. What you get is a startup hub.
The result — where nine startups out of about 300 entrants have each received $100,000 in equity investments — marks another shift in the Vatican reaching out to the tech sector. Investors include Ibrahim AlHusseini, founder and managing partner of the FullCycle Energy Fund, which funds companies focusing on turning waste into clean energy, Emirati social entrepreneur Badr Jafar, and early Google engineer Chade-Meng Tan.