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GIZ collaborated with Ennovent to bring start-up support to impact-focused businesses that were operating beyond metropolitan cities in India.
Ennovent conducted 15-20 interviews with entrepreneurs and mentors, who confirmed a strong need for start-up services in tier 2 and tier 3 cities. A hub-and-spoke model was tested to deliver start-up services in these cities.
Ennovent structured 15 mentoring engagements to solve specific entrepreneurial challenges in exchange for sweat equity. 12 expert-led workshops and eight thought leadership sessions were also conducted for the benefits of startups while providing access to workspace at preferred terms in underserved areas.
Dear Friends,
Thank you for your interest in Ennovent! We closed down Ennovent’s operations at the end of March 2024.
We had been deliberating about continuing our work in the changing overall market and impact space during the last year. The decision to close came after careful consideration of major policy shifts, changing funding priorities and market challenges that have significantly affected our business model.
Reflecting on our journey since 2008, we are filled with great pride in the legacy Ennovent leaves behind. We have been a catalyst for more than 250 ventures across 40 countries through our involvement in 90 projects. Our mission has always been to promote businesses with sustainable solutions for low-income markets, a goal that we pursued with unwavering commitment. As we move forward, our team members remain dedicated to pursuing lasting sustainable impact through their future endeavours.
We deeply appreciate your support and patronage over the years.
Warm regards,
Team Ennovent
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