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Amazon launchpad sustainability accelerator

By rotide
Created 27/04/2022 - 12:49
Amazon Launchpad Sustainability Accelerator .jpg

EIT Climate-KIC [1], the European Union's climate innovation initiative, announce the 12 early-stage startups joining the first ever Amazon Launchpad Sustainability Accelerator to help them scale their businesses, following more than 1,200 applications from across the UK and Europe. Each Accelerator startup is committed to reducing the environmental impact of their products, an increasingly important factor in securing funds from investors.

The Amazon Launchpad Sustainability Accelerator will provide startups with a support package worth more than £30,000 through an equity-free grant, AWS Activate Credits and Amazon Advertising credits, together with expert mentorship and a tailored curriculum through the Accelerator. Startups will join the dedicated Accelerator space at Amazon's London headquarters for the duration of the programme, and receive free access to Amazon Launchpad for a year which includes strategic account support and marketing benefits.

All Accelerator participants will complete a Climate Impact Assessment by Impact Forecast [2] to help ensure their products are quantifiably more sustainable than what is currently available. This will also help them consider new ingredients, raw and recycled materials, and other innovations to develop and offer more sustainable products.

The first Amazon Launchpad Sustainability Accelerator startups are:

"Entrepreneurs are finding ways to turn the challenge of climate change into a growth opportunity, and investors are backing those startups with sustainability in mind from the outset, moving away from businesses where those credentials are missing," said Aditi Singh, General Manager, Amazon Launchpad, Europe. "This is where the Amazon Launchpad Sustainability Accelerator comes in - we have designed a programme to help founders start and scale more sustainable product-based businesses with expert-led virtual workshops, specialised mentorship, a tailored curriculum, and access to a network of like-minded founders. We are excited to welcome our first Accelerator group. Impact can only happen at scale, and scale will only happen if businesses large and small are choosing to lead at pace."

"Investors perceive climate-positive businesses as more likely to deliver on financial performance, and more frequently, they are being pressured away from companies that don't demonstrate sufficient impact potential," said Aimee Apel Accelerator Lead, EIT Climate-KIC. "We have selected a stellar cohort of startups for our first Amazon Launchpad Sustainability Accelerator, and we are looking forward to helping them navigate these complexities and ensure they are sustainable from the start by accessing the support, grants and visibility they need to scale."

Full details of the Amazon Launchpad Sustainability Accelerator available here [15].

 


Source URL:
https://www.newbusiness.co.uk/articles/starting-a-business/amazon-launchpad-sustainability-accelerator