Vedanta Partners with Startups for Green Innovations

Published on:
by KnowESG,

Vedanta Ltd

KnowESG_Vedanta Partners with Startups for Green Innovations
Image courtesy of https://indiatechnologynews.in/

Vedanta has proudly unveiled the third iteration of its globally renowned corporate innovation, accelerator, and ventures programme, Vedanta Spark.

This initiative is designed to extend over 100 project opportunities, valued at a staggering $5 million, to startups specialising in sustainable and transformative technologies.

Building on the remarkable success of its preceding two editions, which engaged with over 80 startups and facilitated more than 120 opportunities with a total value of approximately $3.5 million, Spark 3.0 is poised to play a pivotal role in propelling Vedanta's evolution while fostering the growth of the participating startups.

Priya Agarwal Hebbar, Chairperson of Hindustan Zinc Limited and Non-Executive Director of Vedanta Limited expressed, "Vedanta Spark 3.0 stands as a testament to our unwavering commitment to nurturing innovation and collaboration. This endeavour not only underscores our dedication to cultivating a startup culture but also facilitates meaningful collaborations between businesses and some of the most brilliant minds in our nation.

"Additionally, it sets the stage for the emergence of the next generation of industry leaders. This year, we are particularly keen on accentuating our focus on ESG transformation through inventive solutions and are enthusiastic about supporting more women-led startups."

Vedanta Spark follows an innovative approach to nurturing startups by inviting solutions to address tangible business challenges.

Selected startups are granted the unique opportunity to execute projects in partnership with Vedanta Group companies, gaining access to world-class infrastructure, resources, and insights from seasoned in-house experts. This empowering framework enables startups to refine their products, scale their operations, and achieve sustainable growth.

Arun Misra, CEO of the Zinc Sector and Executive Director of Vedanta Limited, responsible for Digital and serving as the Spark Anchor, emphasised, "The Spark initiative impeccably aligns with the Group's overarching vision of supporting startups that harness groundbreaking technologies to solve real-world business issues, thereby shaping the trajectory of the industry's future."

In collaboration with strategic partners such as MeitY and Nasscom's Center of Excellence for IoT & AI, CII's Center of Excellence for Innovation, Entrepreneurship, & Start-ups, and notable industry players like Forge Innovation & Ventures, Vedanta is committed to accelerating engagements that harness emerging technologies.

The initiative has also forged a partnership with global entity Austmine to advance technological advancements within the natural resources sector.

Amitesh Sinha, Head of Vedanta Spark, highlighted, "Spark 3.0 aims to bring forth a dynamic array of more than 100 initiatives, with opportunities amounting to $5 million this year. This will be achieved by joining forces with innovative startups and harnessing their cutting-edge technologies. This collaboration serves as a formidable catalyst for Vedanta's mission of creating substantial impact through open innovation and technology utilisation."

At its core, this initiative pivots around three key areas of focus: enhancing business efficiency, driving digital transformations, and attaining Net Zero sustainability objectives. Participating startups will collaborate across Vedanta's portfolio of companies, offering them a platform to showcase their trailblazing ideas.

With the launch of Vedanta Spark 3.0, the Vedanta Group underscores its steadfast commitment to fostering innovation and empowering startups to catalyse positive change, disrupt industries, and leave an enduring mark on the global stage.

For more technology news

To view and compare company ESG Ratings and Sustainability Reports across sectors, follow our Company ESG Profiles page.

Source: India Technology news

Share:
esg
esg
esg
esg

Tech Headlines

Mobile CO₂ Capture Tech to Decarbonise Diesel Freight Trains

Mobile CO₂ Capture Tech to Decarbonise Diesel Freight Trains

Coding for the Climate: Green Software Development That Cuts Waste and Carbon

Coding for the Climate: Green Software Development That Cuts Waste and Carbon

MVGX and BDO Launch AI Tool to Cut ESG Reporting Time in Half

Adaptavate Raises £2.7m to Expand Low-Carbon Building Tech

Manchester Pilot Converts Wastewater Biogas into Clean Hydrogen

New Travel Decarbonisation Tech Emerges from UK Universities

Unusual Tie-Up: Pastry Shop Wastewater Repurposed to Tackle Pollution

Qantas and Airbus Invest $15M in Climate Tech VC

Carbon Clean and Industry Partners to Decarbonise Heavy Industries

World's First Plant Turns Wastewater Into Sustainable Marine Fuel

More from Vedanta Ltd
Cairn Oil & Gas Sets Ambitious Net Zero Goal by 2030
Cairn Oil & Gas Sets Ambitious Net Zero Goal by 2030
Vedanta, the World's Most Sustainable Aluminium Maker
Vedanta, the World's Most Sustainable Aluminium Maker
Vedanta Aluminum, ERM Unite for Biodiversity Plan
Vedanta Aluminum, ERM Unite for Biodiversity Plan
Vedanta Raises $250 Million for Sustainability Efforts
Vedanta Raises $250 Million for Sustainability Efforts