SDG 360, a leading social enterprise based in Bangladesh, is thrilled to unveil its latest initiative, the SDG INCUBATOR, which is designed to nurture and support innovative startups dedicated to realizing the United Nations Sustainable Development Goals (SDGs), said a press release.
After a rigorous competition, SDG 360 has identified the top five teams poised to make a significant impact in their respective fields.
The five winning teams that have secured a place in the SDG INCUBATOR are:
- Team FomalHaut, focusing on the development of an “IoT-based Smart Water Usage Monitoring System.”
- Team Eco Shelter, specializing in the creation of “Recycled Plastic Bricks for disaster-prone areas.”
- Team Dream Weavers, dedicated to developing “Upohar, Bagasse-made biodegradable food containers.”
- Team Maverick, committed to providing “Waste Paper-made sustainable furniture.”
- Team Coolnet Solutions, focusing on the development of a “Solution-first marketplace for sustainable living.”
In addition to pre-seed funding, SDG 360 will provide the winning teams with valuable mentorship, training, and access to its extensive network of partners. The ultimate goal of this program is to empower these teams to grow their businesses and make a substantial impact on the SDGs.
The SDG INCUBATOR is a pivotal component of SDG 360’s mission to accelerate the realization of the Sustainable Development Goals. This pioneering initiative is proudly supported by Vertex LLC, a prominent venture capital firm renowned for its commitment to guiding and investing in businesses with a profound social impact.
Read more: Eastern Bank PLC Receives Top Honors for Corporate Governance Excellence
The SDG INCUBATOR operates as a sustainable social entrepreneurship competition, culminating in a grand finale event where the top teams will pitch their businesses to a distinguished panel of investors. The winning team will receive a substantial investment contingent upon the project’s pilot analytics.
For more information about the SDG INCUBATOR and to learn more about these innovative startups dedicated to driving positive change in the world, please visit the official website at sdg360bd.com.
For more updates, be with Markedium.
