NOW, a Sustainability Action Venture Studio (SAVES), has announced its official launch for driving innovation and entrepreneurship in the sustainability and climate-tech sectors in India. In the next 12–18 months, NOW will invest in and co-build 3–4 start-ups.
NOW will act as an institutional cofounder that proactively invests in and co-builds ventures from scratch, de-risking the idea of commercialisation journey for start-ups, as per a company statement.
NOW will assist founders by providing finance, mentorship, product-market fit, access to market opportunities, corporate partnerships for prototype and solution validation, and access to climate-tech experts, as per the company statement.
Founded by Gayathri Kuppendra Reddy, an entrepreneur, trained climate leader, and active angel investor, NOW will invest $250,000–500,000 each in 3–4 deep tech sustainability and climate tech startups.
Commenting on this, Pradeep V, Venture Partner at NOW Venture Studio, said, “NOW operates in a venture studio model, whereby we accelerate the journey of a founder from idea-to-revenue through a unique de-risking methodology, hands-on entrepreneurial co-building, and milestone-based funding.”
Applications for NOW Venture Studio are now open on the official website, with a deadline of March 31st, 2024. Entrepreneurs interested in shaping the future of sustainability are encouraged to apply and join the mission to build a more sustainable world, as per the company statement.
