Anglo American Foundation, Grindstone partner to accelerate 15 green businesses

0

The Anglo American Foundation (AAF) has partnered with Grindstone, an accelerator renowned for engineering high-growth entrepreneurship, to launch a South African accelerator supporting and empowering entrepreneurs in the green sector. 

The partnership aims to identify and nurture 15 tech and tech-enabled startups by providing them with a unique opportunity to raise funds and gain market access. The collaboration will foster sustainable practices and promote environmental stewardship, with a large focus on job creation for South Africa’s youth. 

The 2023 Grindstone accelerator will run as a six-month programme designed specifically for post-seed to Series A green sector startups. Leveraging the ecosystem and strategic partners, Grindstone will recruit 15 high growth and innovation-driven green startups for this year’s accelerator. 

The selected startups will receive dedicated funding readiness support, including a comprehensive gap assessment; workshops covering strategy and people, marketing and sales, and funding and valuation; and monthly in-depth coaching sessions. The winning company will also receive a cash incentive at the end of the programme. Additionally, startups will graduate with a lite data room and access to a network of potential funders. 

“We are thrilled to collaborate with the Anglo American Foundation on this groundbreaking initiative. Over the past 24 months, we have seen a large increase in green economy startups applying to our programmes. We have also dramatically increased the percentage of youth and female-founded businesses, with an intentional strategy to balance our cohorts from a diversity perspective,” said Catherine Young, managing partner at Grindstone.

Share.

Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

Comments are closed.

Exit mobile version