· 2 min read
Illuminem summarizes for you the essential news of the day. Read the full piece on World Economic Forum or enjoy below:
🗞️ Driving the news: The World Economic Forum's UpLink initiative, in partnership with Deloitte and Salesforce, is creating an innovation ecosystem to support impact entrepreneurs
• UpLink connects them with resources, experts, and vital funding, with examples including Indian-based S4S Technologies, American company Pano AI, and Brazilian start-up Eco Panplas, each offering innovative solutions to global environmental issues
🔭 The context: Breakthrough technologies and early-stage entrepreneurs are a core pillar in combating climate change, achieving the Sustainable Development Goals (SDGs) and building a more resilient future
• There is currently a scarcity of venture capital for these entrepreneurs
🌍 Why it matters for the planet: These early-stage startups address critical environmental challenges like food waste, wildfire detection, and plastic pollution
• Their technologies are vital for transitioning to a more sustainable, circular economy and mitigating the worst effects of climate change
⏭️ What's next: There is a growing emphasis on supporting these ventures, particularly those focused on nature and biodiversity
• Top Investors and large corporations are increasingly recognizing the importance of funding and scaling these innovative solutions
📈 One stat: The worldwide impact investing market has grown to $1.16 trillion, but only 5% currently flows to early-stage companies
Click for more news covering the latest on green tech
