Climate Insider Brief:
- The Sustainability Mafia introduces ‘SusVentures,’ a pioneering venture creation program with the ambitious goal of establishing 100 climate action companies by the end of 2026.
- This initiative is geared towards empowering emerging entrepreneurs to address critical climate issues, positioning India as a global leader in climate innovation.
- Aditya Bhat, Co-Founder of Sustainability Ventures, invites collaboration from corporate and investment partners to join the mission, foreseeing the creation of innovative technologies, green jobs, and progress towards Sustainable Development Goals (SDGs).
PRESS RELEASE – February 23, 2024 – The Sustainability Mafia has announced the launch of ‘Sustainability Ventures’ aka ‘SusVentures’ – a groundbreaking venture creation program that aims to create 100 climate action companies within three years, i.e. by the end of 2026.
SusVentures is a first-of-its-kind venture creation program that empowers tomorrow’s climate innovators. India is today uniquely positioned to be the global innovation leader and hotbed for climate action, and there exists a massive untapped opportunity to make climate entrepreneurship the driver for positive change. And keeping that in mind, SusVentures enables upcoming passionate entrepreneurs to identify and build their climate-tech startups dedicatedly around critical problem statements spanning across various industries that need attention on a priority basis.
The inaugural cohort of SusVentures has been kickstarted recently in collaboration with the prestigious Birla Institute of Technology and Science, Pilani (BITS Pilani), the first official university partner of the program. In the first cohort, 50 student entrepreneurs from multiple engineering disciplines across the Hyderabad, Goa, and Pilani campuses of BITS Pilani have been enrolled into the program to build 14 startups in sectors like Circular Economy, Energy Efficiency, EV and Solar.
Sachin Arya, CEO, Incubation and Entrepreneurship, BITS Pilani said, “We are excited to partner with SusMafia on the SusVentures program and provide BITS Pilani students with an opportunity to solve the most critical problems in climate change and sustainability. The partnership is an extension of our commitment to further strengthen the already thriving entrepreneurial ecosystem on campus. Together with SusMafia, we will work towards extending this program to the larger community of innovators and entrepreneurs.”
Speaking about the program launch, Arjun P Gupta, Director, The Sustainability Mafia said, “At SusMafia, we are all in on climate action and have a shared purpose of ‘give more than get’. We are excited to launch SusVentures as our flagship program – designed and driven by industry veterans from the vibrant SusMafia community to provide activated mentorship to new climate startups.”
Aditya Bhat, Co-Founder, Sustainability Ventures added, “Entrepreneurship is the biggest lever while solving for the climate and the need for SusVentures to bridge market gaps and limit global warming to 2 degrees Celsius is crystal clear. We believe that as we achieve our mission of creating 100 climate startups in three years, we shall bring new & innovative technologies to market, create thousands of green jobs, foster socio-economic well-being of communities and make progress in achieving SDGs. We invite partners from the corporate and investment community to collaborate with us on this mission.”
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SOURCE: Energetica India
Featured Image: Credit: The Sustainability Mafia
