Originally posted on 19 Dec 2013
A new incubator has launched to support entrepreneurs starting up new businesses in London’s green economy. Louise Bateman writing in Greenwise Business reports that The Green Enterprise Business Incubator based in Brixton, South London, is run by not-for-profit One Planet Ventures and provides green start-ups in the capital with work space as well as help with building their business, training and mentoring. One Venture says it will also provide entrepreneurs with access to its network of 15 partners in education and innovation across 10 European countries.
The green incubator aims to tap into London’s booming green economy, which is currently valued at around £28 billion.
One Planet, which is part of the Embrace Corporation, a European-wide educational exchange outfit, already has a working relationship with JP Morgan bank through a mentoring programme for young entrepreneurs it runs in Brixton and is supporting its first start-up – Funky Renewables – a solar PV installer in South London, which Bischof is a director of.
The incubator aims to raise project funding through public bodies such as the European Commission, but is also looking at a revenue participation model with start-ups that it works with to enable the not-for-profit to become commercially self-sustaining.
Last month, the incubator was picked to become a London Leader, a Mayor of London programme that showcases green enterprise in the capital.