Climate Ready for Women by Climate collective

Entrepreneurship development program for women in climate & clean tech to develop confidence & skills to develop ideas into viable business

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Eligibility

  • Yes, I fulfill all of the eligibility criteria.

Initiative's representative name

Jui Joshi jui@prclimatestudio.com

Initiative's representative date of birth

16/01/1988

Initiative’s representative gender

  • Woman

Which eligible market are you based in?

  • India

Where are you making a difference?

Pan - India 1st program run in Kerala, Cochin

Website or social media url(s)

www.climatecollective.net Twitter: @PRClimateStudio Instagram: ccollectivenetwork Linkedin: https://www.linkedin.com/company/13641076/

When was your organisation founded?

Climate Collective Running since 2016 Incorporation :October, 2018

Focus areas

  • Helping people adapt to technologies of the future
  • Financial skills and capability
  • Reskilling and upskilling the workforce

Project Stage

  • Growth (have moved past the very first activities; working towards the next level of expansion)

Yearly Budget: How much capital do you need to accomplish your proposed project?

  • $50k - $100k

Organisation Type

  • Non-profit / NGO

1. Founding story: Share a story about the "Aha!" moment that led the founder(s) to get started or the story of how you saw the potential for this to succeed

Climate Collective runs integrated platforms for supporting entrepreneurship in climate and cleantech pan South- Asia. Our largest program is Climate Launchpad (CLP), a Climate KIC program- we ran in 15 states, India, SL, MV in 2019. Globally, 40% of the participants are women founders, however, in India, the numbers are just 10-15%. Also, many women founders who joined the program dropped out towards the end of the program, so much so that i saw that in many national final pitches, i was the only woman in the room! That was the aha! moment.There was a dire need to encourage more women to successfully follow through with business ideas , by developing capacities before, so that they are better equipped to take advantage of support programs.

2. The problem: What problem surrounding employability or financial capability are you helping to solve?

In Mastercard Index of Women Entrepreneurs (MIWE) 2018, India ranked 52 out of 57 countries in the ability of women entrepreneurs to capitalise on the opportunities offered by their local environments. Key reasons: - Socio-cultural biases against women in business - Barriers to access to financial and knowledge support - Limited role models More women in green business is the key to gaining financial independence and creating massive impact

3. Your Solution: How are you planning to solve this problem? Share your specific approach.

The transition to a sustainable world will require not just more capital but also a lot more innovation. And a significant portion of this innovation will come from startups who will leverage imagination and entrepreneurship to redesign products and solutions that creates more sustainable lifestyles. however, the path to sustainability should be equally lead by women. We believe that capacity building for women is the key to ensure that women are fully equipped to capitalise on the opportunities offered by local environments. The focus is on women entrepreneurship development as the more effective support for women entrepreneurs to be, then, successfully absorbed into mainstream startup programs and, ultimately, business success. Our program is divided into 3 specific steps: 1.Business Literacy Develop understanding of key business concepts and terms : business models, value propositions, beachhead market, financials etc 2. Application Support Support in creating high quality pitches and applications 3. Pre-Accelerator Training Coaching entrepreneurs to develop capacity to get maximum out of formal support programs 4. Selected participants will get further support in CL

4. How are you innovating or using unique approaches to solving the problem?

We are solving the 2 key problems which hinders the growth of women entrepreneurs in climate and clean tech: 1. Lack of a strong wide network There is lack of network which connects to people in the same domain, knowledge networks and investment networks. Climate Ready for Women is a program which develops strong peer-to-peer network between all the women founders by creating a close knit group, facilitating discussions and brainstorming. 2. Lack of role models We invite women entrepreneurs in similar domains as also women working in impact investments in our Founder Talks and expert sessions We provide long term support to these women through our pipeline programs like ClimateLaunhchpad and funding platforms (launching this year)

(Instructions for questions 5 and 6, no answer required) Please only answer the question (5 - “employability” or 6 - “financial capability”) that applies to your organization’s topic of work (see below for definitions)

5

5. Employability: how is your organization or project teaching people to develop the skills that they need to survive in the future job market?

Entrepreneurship is an important aspect of employability today. With high unemployment rates, increase in entrepreneurship is expected to lead to better livelihood for many. Specifically in case of women, it gives independence and flexibility in terms of working locations and timings. Many studies show that women led businesses hire more women as employees. Climate change, sustainability, circular economy are the budding areas. Our program specifically nurtures budding women entrepreneurs in these specific impact areas to make their business a success. Our unique program which is designed as an integrated program to our other support programs ensures that we give the long term support to women till they are investment ready to scale up their business.

5a. Please describe which future-oriented skills your organization is focused on fostering and how you have measured / plan to measure progress

Climate Collective, through our program "Climate Ready for Women" are fostering green business skills to women entrepreneurs. We focus on basic basic business literacy skills, peer-to-peer support, network support in the form of various experts in the domain, and hands on help in writing quality applications and delivering a investor business pitch. The indicators of progress for this program that we measure are: 1. Number of start-ups supported, number that entered market 3. Increase in revenue of the business tracked over 3 years 4. Investments received 5. No. of jobs created

7. Marketplace: Who else is addressing the same problem? How does the proposed project differ from these approaches?

There are other women entrepreneurship support programs in varied domains, however, just one other in environment domain There are 2 approaches: 1. Women - only accelerator/support programs: closed to only women, till the investment pitch stage (majority take this approach) 2. Women-focused: entrepreneurship program: Women - focuses training program to develop confidence and skills before joining formal programs By taking 2nd approach, we aim to bring women in mainstream, existing support programs, and eliminate the biases that still come with a women only environment through their journey

8. Impact: How has your project made a difference so far?

In our already established program Climate Launchpad (www.climatelaunchpad.org), we have supported 53 start-ups in 2018, and 183 startups in India in 2019 besides ~30 in SL and MV. India won 3 out of the top 16 places in the Global Grand Finals where 54 countries competed. To increase the gender diversity into in climate and clean tech entrepreneurship, we are running Climate Ready for Women. Currently, this program is running in Kerala. This program supports 16 climate and clean tech women entrepreneurs. Out of which we will support 2 - 4 long term in their market entry and scaling of business. Some of the examples of the start-ups that we support are: Creating a marketplace for sustainable upcycled products as corporate gifts, Selling reusable sanitary pads, Insect breeding for human consumption to replace meat as a more climate friendly protein, Running climate literacy programs etc

9. Financial Sustainability Plan. Can you tell us about you plan to fund your project and how that plan will be sustainable in the short, medium, and long term?

We are raising local funds for this program. We have received support from the government agencies for this program like the government start-up missions. To channel revenue streams, we are in the process of setting up: 1. An impact fund to invest in these start-ups. We have interest from some angel investors to put up a seed fund, as funds in the impact space are few and those focusing on women even fewer. 2. Co-working space and climate hub - We are in the process of setting up a coworking space specially around climate and cleantech to provide a working and networking space for these start-ups.

10. Team

Pratap Raju: Founder, Climate Collective (vast experience in solar and clean tech space, harvard and Oxford degrees) Trainer and mentor Jui Joshi - Senior Associate. Program head and Trainer, Climate Ready for Women (MSc. from TISS) Nalin Agarwal : Acceleration Manager, Trainer and development curriculum (Msc. from Imperial college) Deepti Barange: Analyst and Program coordination Sachin Salunkhe: IT and web support Mentors: Starlene Sharma (Cleantech WIN), Prachi Singh Shah (AWE funds)

Help Us Support Diversity! Are you a member of an under-served , under-represented, or marginalized group in your country of residence? (yes/no) (this question is optional – if you choose to fill it out, the response will not be shared with your fellow contestants)

  • Gender

If you selected “yes” to any of the categories above, please explain how being a member of this group has impacted you and your work?

Being a women in climate and clean tech, I have seen that women are closely linked to the nature, as generally they have been more dependent on the resources from nature and more affected due to its degradation. I have seen that women have so many amazing business ideas, however are not being able to follow through, to establish a successful business due to multiple factors. This is a passionate effort to ensure that the path to sustainable is led equally led by women in business.

How did you hear about this challenge?

  • Recommended by others

Attachments (1)

tCC - START - note on CRforW - for changemakers- 1 Mar 2020.pdf

Note on Climate Ready for Women program

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