Non-profit economic development organisation TechnoServe has launched the first cohort of the Greenr Sustainability Accelerator, supported by the Ikea Foundation and the Visa Foundation, to aid green business in India.

As a marker of World Environment Day, the programme is a year-long, equity-free accelerator. It provides tailored advice to 400 high-growth green businesses with products and services that positively impact the environment in India.

Each business will be matched to full-time staff at TechnoServe, who will work closely with entrepreneurs to identify and execute growth strategies tailored to scale their businesses while achieving greater environmental impact.

The participating entrepreneurs will also participate in a business training and planning course in collaboration with the SP Jain School of Global Management.

The Accelerator will culminate in a Demo Day with funding opportunities from equity, debt and philanthropic financiers such as Vertex Ventures, Omnivore, Green Artha and India Angel Network.

It will focus on solutions in sectors such as waste management, textiles, forestry, climate tech, renewable energy and more across India.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

TechnoServe India country director Punit Gupta commented: “The challenges faced by green businesses in India are quite unique unlike other traditional MSMEs. We expect this to bring transformative environmental impact and build a brand of conscious capitalism in India.”

Retail Insight Network recently reported that the influence of RFID technology is causing a shift for businesses in India as the country continues to develop its digital capabilities.

The programme’s partner, The Ikea Foundation, is independent of the retail business, which currently operates five Ikea retail stores in India. As of 2020, the total grants disbursed by the foundation reportedly amounted to $220m.

The Visa Foundation is the philanthropic arm of the financial services corporation Visa. It aims to help low-income, financially underserved micro and small enterprises around the world.