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