Alisha Fredriksson's wake-up call came in the summer of 2018, when the United Nations released a report saying human influence was "unequivocally" to blame for warming the planet. As she looked for where she could make a difference, one major (and stubborn) space stood out to her: the commercial shipping industry--a growing contributor to greenhouse gas emissions. Along with cofounder Roujia Wen, Fredriksson started Seabound, building a novel carbon capture device that ships can place onboard to trap up to 95% of CO2 emissions. Their tech is able to be installed on both existing and new ships, providing a more cost-effective solution to reducing emissions in the shipping industry. "There's actually brand new regulation within the shipping industry that requires shipowners to reduce the emissions for every single ship," says Fredriksson. "That has been a really significant tailwind for our company because shipowners all around the world are trying to figure out how they're going to solve this problem." With a little help from accelerator YCombinator, the company has raised $4.6 million, signed six letters of intent with major ship owners and plans to launch their carbon capture tech aboard ships beginning next year.

Even a difficult year marred by the ongoing war in Ukraine, a pressing energy crisis, rocketing inflation and a barrage of natural disasters couldn’t slow down Europe’s youngest visionary leaders. In a historically tough environment, the 300 founders and entrepreneurs featured on our 2023 Forbes Under 30 Europe list raised more than $3 billion in capital—$1 billion more than our 2022 class. Europe's brightest founders are putting the cash to work, building bold companies that are out to combat climate change, fight fraud, reinvent the banking industry and better treat infections.

To compile our eighth annual list, Forbes writers and editors combed through thousands of online submissions, and tapped industry experts and list alumni for recommendations. Candidates were evaluated by Forbes staff and a panel of independent, expert judges (including beauty entrepreneur and Bliss Spa founder Marcia Kilgore, musician Joy Crookes and Zepz, formerly WorldRemit, founder Ismail Ahmed) on a variety of factors, including (but not limited to) funding, revenue, social impact, scale, inventiveness and potential. All final listers must have been 29 or younger as of March 7, 2023.

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