The Waste & Circularity Investment Innovation Fund awards $300,000 to two Indian organizations to accelerate capital flow to waste and circularity businesses, fostering a thriving green entrepreneurial ecosystem.
ANDE is pleased to announce the India recipients the Waste & Circularity Investment Innovation Fund created in strategic partnership with the IKEA Foundation. These innovative organizations will receive a total of $300,000 USD to develop and execute technical assistance programs aimed at boosting capital flow to waste and circularity businesses over the next 18 months.
Congratulations to our India Awardees:
- Upaya Social Ventures, Global Business Inroads (GBI), and rePurpose Global: This collaborative team will lead an investor and market-led accelerator program to increase capital access for small and growing businesses (SGBs) in the waste and circularity sectors. The program will offer a dynamic mix of low and high-touch support, tailored to the specific needs of each participating business.
- IIM Calcutta Innovation Park: Leading a consortium of experts, IIM Calcutta Innovation Park will focus on fast-tracking the growth of selected SGBs. Their efforts will center on securing seed funding from investors, providing these businesses with the critical resources they need to scale and make a significant impact.
These projects are set to kick off in August 2024 and will play a crucial role in fostering a vibrant green entrepreneurial ecosystem in India.
Stay tuned for the upcoming announcement of the Kenya Fund awardees!
About the Fund:
The Waste & Circularity Investment Innovation Fund, part of our Access to Green Finance project, is dedicated to increasing the pipeline of investment-ready enterprises within India and Kenya’s waste management and circular economy sectors.
We can’t wait to see the incredible progress these organizations will make in driving sustainable solutions and creating a more circular economy!