The initiative will Support Startups and companies in the Clean Cooking Sector with facilitating capital elevating and Personalized Mentorship
The final date for startups and firms to use for registration for the programme is August 30, 2023
Modern Energy Cooking Services (MECS) Programme, in affiliation with Finovista because the India In-Country Partner, have just lately launched a one-of-its-kind Investor Pitching & Connect Initiative in Clean Cooking 2023. The initiative primarily goals at linking traders and companies to facilitate capital elevating in the Clean Cooking phase in India.
Investor Pitching & Connect initiative in clear cooking sector
An vital agenda that the programme goals to deal with by the initiative is the issue of the dearth of entry to scrub cooking options, which is being confronted by round 2.4 billion individuals worldwide. One of the explanations behind the issue is the monetary constraints that run right into a magnanimous $10 billion yearly. The downside is especially persistent in India, with many households nonetheless utilizing conventional biomass-based options and having counting on firewood, cow dung desserts, and agricultural residue. Needless to say, the affect is extreme each on the setting and human well being.
It is that this alarming concern that the Investor Pitching & Connect in Clean Cooking Initiative 2023 is aiming to resolve. No surprise the initiative is being supported by the Office of the Principal Scientific Adviser (PSA) to the Government of India as part of its sustainable improvement agenda.
A MECS spokesperson stated, “Our Investor Pitching and Connect Initiative is aiming to remodel the clear cooking panorama and make a major affect on individuals’s lives. We acknowledge the transformative energy of fresh cooking options and providers, not only for the setting but additionally for bettering the well being of ladies and youngsters who’re disproportionately affected by family air air pollution. This initiative will drive significant contributions to a greener, more healthy future.”
The great thing about the Investor Pitching & Connect in Clean Cooking Initiative lies in its innovativeness to create a supportive ecosystem that connects traders with entrepreneurs captivated with fashionable energy-based clear cooking options. An further boon reveals up in the type of personal funding. Private funding proves advantageous in this case because it affords regular capital injection, which might finally be directed for various functions like analysis and improvement, advertising and marketing, human assets, and buy in the trendy energy-based cooking enviornment. Most importantly, since investments in fashionable clear cooking options are heavy, a number of personal traders can be part of arms for a shared duty.
Furthermore, the initiative endeavours to strengthen the capabilities of affect traders, personal financiers, and monetary establishments by tailor-made technical help and complete insights into the clear cooking sector. By equipping stakeholders with complete information in regards to the clear cooking sector, the initiative seeks to facilitate knowledgeable decision-making for the advantage of society, the economic system, and the setting on the entire.
Selection beneath the Investor Pitching & Connect in Clean Cooking Initiative 2023 additionally means opening of a number of gateways past finance. One of the important thing advantages is the flexibility to pitch earlier than a number of traders on the thought, seed, and scale-up phases. This is adopted by 360-degree strategic enterprise assist to shortlisted innovators. Training and mentorship is a vital add-on of this initiative, beneath which chosen innovators will obtain 1:1 mentorship on a case-to-case foundation alongside with coaching from business consultants. Access to worldwide our bodies alongside with market entry assist are different benefits shortlisted entrepreneurs and ventures get pleasure from as part of this celebrated programme.
Overall, this groundbreaking initiative will assist elevate India’s stature as a worldwide hub for revolutionary clear cooking machine options whereas additionally boosting the capability of the producers and repair suppliers in the clear cooking phase to evolve into key resolution suppliers for different nations as effectively.
The Investor Pitching & Connect in Clean Cooking 2023 Initiative is open to Indian corporations, SMEs, startups, and innovators, who’re related with fashionable clear cooking options in varied capacities like design, manufacturing, supply-chain, advertising and marketing, and funding. Entries are welcome from entities standing in any respect phases, ideation, pilot, and scale-up. The programme won’t assist entities concerned in biomass and firewood-based options.
Interested startups and SMEs prepared to take part in the Investor Pitching & Connect in Clean Cooking Initiative 2023 can apply on the link here.
The final date to use for registration for this system is thirtieth August 2023. Selected startups will undergo pitching periods by October 2023.
About MECS Programme
MECS Programme is a UK Aid (FCDO) funded world analysis programme led by Loughborough University and the World Bank’s Energy Sector Management Assistance Program (ESMAP). By integrating fashionable vitality cooking providers into the planning for electrical energy entry, high quality, reliability, and sustainability, MECS hopes to leverage funding in renewable energies (each grid and off-grid) to deal with the clear cooking problem.
MECS is implementing a technique centered on together with the cooking wants of households in the funding and motion on ‘entry to reasonably priced, dependable, sustainable fashionable vitality for all’. In in search of to spark a brand new method to scrub cooking, the programme researches the socio-economic realities of a transition from polluting fuels to a variety of recent fuels and is open to different analysis and approaches that embrace different fuels, corresponding to ethanol, bioLPG, or hydrogen. Whilst the analysis covers a number of clear fuels, the proof is pointing to the viability, cost-effectiveness, and person satisfaction that energy-efficient eCooking units present.
Finovista is a Program Management Agency positioned in New Delhi, India. As an In-country Representative, we specialize in a variety of Capacity Building Programs, together with Innovation Challenge, Entrepreneurship Development Program, Investor Pitching & Connect, and Training. As a sector-agnostic consulting agency, we consider a wide range of fields, corresponding to Clean Cooking, Energy, Environment, Low Carbon Growth Technology, Clean Energy, Green Finance, Result-Based Finance, Carbon Finance, and Social Enterprise Development. Our shoppers come from varied sectors, together with the Government, International Agencies, Development Agencies, Academia, and Corporates from India and all over the world. We present Conceptualization, Design, Development, and Implementation providers for their Programs in India.