NEW DELHI: Apple on Thursday introduced it has joined nonprofit influence funding fund Acumen to help social enterprises in India to enhance livelihoods by clear vitality innovation.
By way of the ‘Power for Livelihoods Accelerator’, Acumen consultants will lead a 12-week programme designed to assist social entrepreneurs scale and refine their companies to remodel the lives of individuals dwelling in poverty, whereas additionally defending the surroundings.
“Apple is dedicated to serving to guarantee everybody can share in the advantages of a greener economic system,” stated Sarah Chandler, Apple’s vice chairman of Setting and Provide Chain Innovation.
“We’re demonstrating the transformative potential of fresh vitality in every little thing we do, and excited to help social innovators who share that aim,” she added.
Purposes are open now, with programming starting in September this 12 months.
Leaders of social enterprises — companies with a transparent social or environmental mission — working to advance sustainable vitality options for small companies and farmers in India are invited to use by July 24.
“For over 20 years, Acumen has invested in early-stage social enterprises addressing issues of poverty in India, and a few of our most modern current investments have been on the intersection of vitality entry and livelihoods,” stated Mahesh Yagnaraman, Acumen’s director of India.
“We’re excited to accomplice with Apple to proceed constructing an ecosystem of scalable social companies in India dedicated to enhancing livelihoods utilizing sustainable vitality,” he added.
Program members will acquire entry to a supportive community of friends, facilitators, and mentors. Afterward, they’ll be welcomed into Acumen Academy’s international group, The Foundry, and shall be eligible for technical help and early-stage funding from Acumen’s Pioneer Power Funding Initiative (PEII+).
In India, along with working with Acumen, Apple has partnered with Frank Water to develop entry to secure ingesting water, sanitation, and hygiene; and with the Utilized Environmental Analysis Basis (AERF) to protect mangroves alongside India’s west coast.