Vestinwolf Accelerator announces Green Acceleration Program.
Vestinwolf Green Acceleration Program
The Program will help businesses and start-ups who are at beginning stages of development (pre-revenue) to make better use of natural resources, be energy efficient, properly manage waste and pollution, among others, and operate profitable business ventures.
A green business is that which adds to protecting and repairing the natural environment, and reduces any harm caused to it. It can include one or all of the following aspects:
• Efficient use of resources, e.g. energy, water.
• Protection of natural resources, e.g. soil, water, forests, biodiversity.
• Decrease of waste and losses (particularly in relation to food crops) along the value chains: e.g. via solar drying, solar cooling facilities.
• Promoting the circular economy, e.g. re-use, upcycling, recycling.
• Reduction of carbon emissions.
• Resilience against climate change, e.g. conservation agriculture and climate-smart agriculture.
• Reduction of waste and pollution.
PROGRAM DETAILS
Detailed eligibility criteria:
•The proprietor(s) of the business has be around the aged of 15 to 35 years. (*Women can be beyond the age of 35 but not beyond the age of than 40).
• The business has to possess an groundbreaking product or service in the sector of Agriculture, Renewable Energy and Water, Sanitation and Hygiene (WASH).
• The enterprise must be of a green or eco-inclusive model.
• The start-up must have a high prospective for the creation of jobs among the youths.
• The enterprise must have been registered for a minimum of two (2) years. Exclusions will be the case for unregistered enterprises with an evidence of concept of an innovative solution or product. The business can be for-profit or not-for profit, but the product/service offered must be financially viable.
• The entrepreneur must be available for the duration of the program and must be able to attend at least 80% of all program activities.
• The entrepreneur must not be engaged in any conflicting program for the duration of the incubation program. A conflicting program may be another program providing incubation and acceleration and/or business development services.
Precedence will be offered to women-led and -owned enterprises or businesses that aids the growth and comfort of women. Women-led and Women-owned businesses are particularly heartened to apply.
RELEVANT INDUSTRY:
- Agriculture
- Green Technology
- Renewable Energy
INCENTIVES:
- Fiscal Incentives:
~ $40M pledged towards debt/equity funding for selected start-ups*
Non-Fiscal Incentives
Get contact with industry professionals and prosperous businessmen/women (local and international) who will act as mentors
- Improved access to backing (financing) – via innovative monetary services as crowd funding, concessional financing, etc. Market ties to matching service providers and actors in the green ecosystem. Peer-to-peer networking and exchanges. Professional assistance to attain business development and expansion.
CONTACT:
- ORGANISATION NAME
Vestinwolf Holdings (UK) Limited - PERSON IN CHARGE
Ms. Betty Alexander - DESIGNATION
Venture Capital Associate
To Apply visit: startupindia.gov.in