HCL and UpLink Call for Applications Globally for Aquapreneur Innovation Initiative

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    New York, United States:
     

    HCL, a world conglomerate and UpLink, the open innovation platform of the World Economic Forum, introduced at this time that functions have opened for the Global Freshwater Innovation Challenge. This is the primary out of 5 Challenges of the HCL and UpLink’s Aquapreneur Innovation Initiative, a programme to supply progressive options to preserve and restore freshwater ecosystems, from ‘aquapreneurs’ (water targeted entrepreneurs). The Initiative, launched throughout the Forum’s Annual Meeting in Davos in May 2022, will create a first-of-its-kind innovation ecosystem for the worldwide freshwater sector. The final date to use is November 08, 2022. Full particulars and eligibility standards might be discovered at this hyperlink. HCL has dedicated $15 million over 5 years to assist the water targeted entrepreneurs.


     

    This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/news/home/20220920005992/en/


     

    Roshni Nadar Malhotra, Chairperson of HCL Technologies stated, “An innovation ecosystem can enable water entrepreneurs with resources and mentoring to invest in creating new solutions and improving any existing ones for scale and impact. There are entrepreneurs and start-ups that have the potential to provide contextualized solutions to conserve freshwater and have been trying to create impact in small ways within small ecosystems. Out of these, many struggle to secure financing and lack the operational capacity to scale their solutions. HCL, through its large network and partnership with the World Economic Forum’s UpLink, is keen to ensure that these entrepreneurs are identified and supported.”


     

    The first yr’s problem, referred to as the Global Freshwater Challenge, will focus on:

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    • Improved decision-making: options that fill information gaps, enhance knowledge assortment, and create clear and accessible knowledge (i.e., options that monitor and forecast water use & demand)
    • Water high quality restoration: options that sort out water high quality by monitoring, treating, restoring or defending it. (i.e. options reminiscent of photo voltaic distillers for water purification)
    • Ecosystem resilience: options that shield supply waters throughout the worth chain and strengthen resilience to local weather and weather-related shocks, bearing in mind probably the most susceptible areas in danger (i.e. options that cut back water evapotranspiration from excessive warmth, or methods to soak up and retailer acute flooding)



    Gim Huay Neo, Managing Director of the Centre for Nature and Climate on the World Economic Forum says, “The Aquapreneur Innovation Initiative invites all entrepreneurs to participate to scale and accelerate their solutions and impact. Through this initiative, we seek to enhance freshwater resilience and better protect our water resource. The collaboration with HCL and UpLink will provide a platform for the top innovators to connect with public and private partners, as well as gain access to venture funds, to jointly transform our sustainable management and use of freshwater systems.”



    HCL and UpLink are wanting for:


     

    • Stage: Impact-oriented start-ups which can be at pilot, progress or scale-up section, with demonstrated success in the direction of scale (i.e., a confirmed monitor report with measurable outcomes and influence). Solutions that characterize an “idea” or “prototype” section is not going to be thought-about.
    • Business Model: Ideally looking for for-profit start-up firms or social enterprises with a sustainable, and ideally hybrid, funding mannequin.
    • Scale: Start-ups which reveal the potential to scale, notably for communities most impacted, alongside a imaginative and prescient for reaching long-term monetary viability and sustainability.



    Selected entrepreneurs may have the chance to work carefully with trade specialists, traders, and ecosystem companions to additional develop their progressive answer, to scale and drive additional influence.


     

    About HCL Group


     

    Founded in 1976 as certainly one of India’s authentic IT storage start-ups, HCL is a pioneer of recent computing with many firsts to its credit score, together with the introduction of the 8-bit microprocessor-based laptop in 1978 nicely earlier than its international friends. Today, the HCL Group has business presence throughout sectors together with expertise and healthcare and contains three group firms – HCL Technologies, HCL Infosystems and HCL Healthcare. The Group generates annual revenues of over US$11.8 billion with greater than 211,000 staff working throughout 52 international locations.


     

    HCL Technologies, a bunch firm, empowers international enterprises with expertise for the following decade, at this time. As a number one international expertise firm, it takes satisfaction in its range, social accountability, sustainability and schooling initiatives. HCL Technologies can be a strategic companion of the World Economic Forum.


     

    About UpLink


     

    UpLink is the open innovation platform of the World Economic Forum, devoted to unlocking an ‘entrepreneur revolution’ to assist constructive systemic change for folks and planet. Launched on the Forum’s Annual Meeting in Davos in January 2020 in collaboration with Salesforce and Deloitte, UpLink is now a thriving ecosystem of fifty,000+ entrepreneurs, traders and specialists, who’re collaborating round innovation for the UN Sustainable Development Goals.


     

    For additional info, go to www.hcl.com


     


     







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