Brinc x Rho Impact Join Forces to Help Startups Quantify the Emissions Reduction Potential of their Technologies

Brinc

Share

     

    • Brinc startups to quantify their impact via Rho Impact’s tools

    • Rho Impact will provide a workshop on their tools, which can help startups appeal to venture capitalists (VCs) and customers by demonstrating the impact of their technology on fighting climate change
     

    Brinc, a global venture accelerator committed to creating a more sustainable, equitable and inclusive future; and Rho Impact, an ESG advisory and software company with roots dating back to 2012, have commenced a strategic alliance to help selected Brinc startups quantify their potential climate impact and influence on global emissions levels.

    Rho Impact will lead a workshop for Brinc’s climate tech and food tech startups covering the essentials of impact measurement methodologies. In particular, Rho’s team of experts will provide a review of their tool, CRANE (carbon reduction assessment for new enterprises), and support startups on preparing custom technology modules as needed.

    The European Union’s recent regulations around impact assessment represent one example of a growing trend of stricter criteria for impact reporting by VC investors. Despite uncertainties inherent to the process, startups who can clearly identify and quantify their potential for GHG emissions reduction at scale have a storytelling advantage when fundraising.

    There is an inherent challenge for startups compared to public companies due to assessment being more forward-looking. Nevertheless, it’s critical that startups understand how significant their climate impact can be if wildly successful and set appropriate benchmarks as compared to alternatives.

    Manav Gupta, CEO and Founder of Brinc, said “If a company can properly frame the goals they are working towards, they are more likely to achieve them. Furthermore, successful startups will eventually become public companies subject to clear GHG accounting and reporting standards and need to be able to track their operations internally and validate the output with external auditors. We believe in introducing these guidelines and relevant tools early to set companies and teams on the right track for long-term financial security, and to maximize their carbon reduction potential.”

    Noah Miller, Founder and Head of Advisory Services, at Rho Impact said “Any startup that can quantify the impact they’ll have on customer outcomes and society at large will have a competitive advantage in the marketplace, as both investors and customers alike are seeking greater sophistication, granularity, and auditability for both their impact narrative and numbers.”

    Startups involved in Brinc’s 12-week Climate Tech accelerator program — which will run for the first time in spring 2023 — will also receive investment of US$150,000, one-on-one tailored support from a global community of mentors, and networking opportunities with potential follow-on investors and corporates.


    Startups interested in the Climate Tech accelerator can fill out the following interest form to be notified when the next batch of prospective participants will be reviewed. Those interested in supporting the program in another capacity can submit their details via the same link or contact climatetech@brinc.io.

    Brinc

    Share:

    Facebook
    Twitter
    LinkedIn

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    On Key

    Related Posts

    Brinc News
    • Brinc

    Brinc Teams Up with Cointelegraph Accelerator for Web3 Demo Day

    Brinc and Cointelegraph Accelerator, a leader in advancing blockchain and Web3 innovation, join forces for an exclusive Demo Day on May...

    Multiples Authors
    Brinc
    Brinc News
    • Brinc

    Brinc Launches IGNIT3, A Full-Service Token Advisory Program

    Brinc’s new program, IGNIT3, will connect web3 startups with essential networks and provide guidance to manage every aspect of the...

    Multiples Authors
    Brinc
    Brinc News
    • Brinc

    Brinc's Strategic Role at Web Summit Qatar 2024: Innovation in MENA

    Brinc is proud to have been a partner at last month’s Web Summit Qatar, which took place between February 23...

    Multiples Authors
    Brinc
    Brinc News
    • Brinc

    Brinc Rolls Out Month-Long Sustainability Challenge for Employees with DoGood

    Brinc announces a month-long sustainability challenge across its global teams. In collaboration with DoGood, a sustainability app designed to assist...

    Multiples Authors
    Brinc
    Brinc News
    • Brinc

    Brinc: 2023 Year in Review

    Dear Brinc Community, As we look back on 2023, it’s fair to say that while we celebrated successes, we also...

    Multiples Authors
    Brinc
    Brinc News
    Brinc and NDC collaboration to support entrepreneurs in Philippines
    • Brinc

    Brinc Enters MOU Agreement with National Development Company to Grow Entrepreneurial Ecosystem in Philippines

    Brinc has signed a Memorandum of Understanding (MOU) with the National Development Company (NDC) in the Philippines, a state-owned enterprise...

    Multiples Authors
    Brinc

    Do you want to keep up with Brinc?

    [Blog] Newsletter Form (#29)
    hong kong_cityspace_vertical