Valinor,a Norwegian clean-tech investment company focused on sustainable solutions that promote economic growth, has announced a strategic ZAR5 million (US$330,000) partnership with The Hatchery, an international clean-tech startup incubator that launched its new Africa office in Cape Town late last year.
The Hatchery, an international clean-tech incubator focused on technologies that increase productivity or profitability while reducing resource consumption or pollution, officially opened in Cape Town in November, with the goal of discovering and supporting cutting-edge entrepreneurs in fields such as smart utility metering, solar energy, and mobile financial platforms.
“The world is facing code red in climate challenges, and we are trying to give a voice to this challenge with our recent collaboration with Valinor,” said The Hatchery global head Jon Bøhmer.
“Valinor is 100 per cent committed to green investments and will indeed help the company fulfill its goal of supporting and developing startups.”
The alliance will help businesses get clean-tech investment faster by providing hands-on expertise and milestone-based funding that will support founders focus on business growth and operations.