June 06, 2017
GoodCompany Ventures is pleased to announce the launch of GoodCompany Ventures’ Climate Ventures 2.0 accelerator, an innovation engine, funded by the William Penn Foundation, designed to apply private sector resources, ingenuity and expertise to social entrepreneurs with innovations that can enhance climate adaptation and resilience efforts, particularly to Ag and Water systems. With partners from the Rockefeller 100 Resilient Cities Network and the Wharton Social Impact Initiative, the organization has reframed climate threats to food and water systems as actionable market opportunities for entrepreneurs, identifying the prominent areas of innovation in Flood, Drought and Agriculture, and the degree of Venture Capital activity in each.
Over the last year, GoodCompany Ventures has launched a global talent search, leveraging their 80+ Pipeline Partner network and their 5+mm social media reach, and partnering with Comcast machineQ and OpenIDEO to scour the globe for the most promising applications. Sectors of interest include porous pavement advanced materials, IoT remote sensing and monitoring technologies, drones and robotics, big data analytics and climate modeling technologies, among others. GoodCompany received over 2500 responses from 60 countries, and reviewed over 150 applications with insight and feedback from subject matter experts, policy makers and investors alike. Only ten companies will be offered a spot in the cohort, receiving a $25,000 Impact Grant to fund their participation in GoodCompany Ventures’ rigorous three-month accelerator program.
Over the next 5 months, these companies will undergo intensive acceleration. As each one moves through the core business modeling work, it will receive customized guidance and feedback from an Industry Advisor Network that includes Google Earth…