TLDR:
Now Venture Studio is a new venture studio in India’s climate tech space that aims to invest in and co-build ventures from scratch, providing support beyond just financial backing. Led by Gayathri Kuppendra Reddy, NOW offers funding, mentorship, product-market fit, access to market opportunities, corporate partnerships, and access to climate tech experts. They are inviting applications from early-stage startups and aspiring entrepreneurs committed to sustainability and climate solutions.
Article Summary:
Swift urbanization has led to various climate-related problems, emphasizing the urgent need for inventive solutions. NOW Venture Studio, led by Gayathri Kuppendra Reddy, aims to accelerate and derisk the journey of deeptech startups pioneering sustainability and climate solutions.
Under this new business model, NOW serves as a co-building partner for early-stage deeptech founders, offering not just financial support but mentorship, market access, and validation opportunities. Startups from Venture Studios globally show higher success rates and faster growth compared to traditional startups.
NOW is looking for startups focused on areas like reducing global carbon footprint, industrial decarbonization, energy, agriculture, circular economy, and low carbon materials. They provide committed capital, market opportunities, corporate partnerships, access to climate experts, and help in building core teams.
Applications for NOW are accepted on a rolling basis, with a focus on authenticity, significant climate impact, commercialization potential, and potential leadership in the category. The deadline to apply is May 09, 2024.
In conclusion, NOW Venture Studio offers a unique opportunity for early-stage startups and entrepreneurs in the climate tech space, providing a comprehensive support system to help innovative ideas grow and succeed in the market.
