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Thursday, December 12, 2024

Funding network gathers startups to accelerate impact investments

The Impact Pioneers Network, a pioneering angel investing network launched by Villgro Philippines and xchange, brought together local climate startups and investors during Philippine Startup Week 2024 to tackle environmental challenges through impact investing.

The event strived to secure investments and partnerships to accelerate the growth of climate-focused solutions.

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At the heart of the event was the Green Tank: Climate Innovation Challenge, a pitch showcase featuring startups focused on climate adaptation and resilience.

Notable participants included BillionBricks, Altilium Green Energy, Magwayen Organics Inc. (MAGWAI), Verta Bioenergy, and Lycan Motorcycles Inc.

These startups are addressing pressing environmental issues, particularly as the Philippines remains one of the most disaster-prone countries due to extreme natural events such as typhoons and droughts.

“Now is the opportune time to accelerate climate action. But we need to urgently support climate enterprises to scale their solutions. Impact investing enables market-driven and entrepreneurial innovation through incubation and strategic investments, helping them come up with solutions fit for the country’s needs and challenges, and secure a brighter future for generations,”  said  Villgro Philippines co-founder and CEO Priya Thachadi.

The event highlighted the critical need for climate-focused enterprises that balance innovation with sustainability.

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