Bailey Morrow from HSBC Innovation Banking discusses the structure and mandate of the climate tech team, as well as the services they provide to startups. She explains the different types of debt financing they offer, including venture debt, equipment financing, and hardware as a service. She highlights the role of HSBC in connecting startups with corporates and the diligence process for debt financing, emphasizing the importance of business metrics and key performance indicators to qualify for funding.
Takeaways
HSBC Innovation Banking provides global banking services and lending solutions to climate tech companies.
They offer venture debt, equipment financing, and hardware as a service.
Project finance is challenging for early-stage companies, and bridging the gap between venture debt and project finance is a key focus.
HSBC acts as an ecosystem builder, connecting startups with corporates and facilitating collaboration.
Engaging with lenders early in the fundraising process and having a fully funded plan are important for debt financing. Understanding business metrics is crucial for securing funding in climate tech.
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