South African clean-tech incubator The Hatchery in $330k collaboration with Valinor, a Norwegian investment firm
The Hatchery, an international clean-tech startup incubator based in Cape Town, has announced a strategic ZAR5 million (US$330,000) partnership with Valinor, a Norwegian clean-tech investment firm focused on sustainable solutions that promote economic growth.
Disrupt Africa reported in November on the launch of The Hatchery, an international clean-tech incubator based in Cape Town that invests in technologies that increase productivity or profitability while reducing resource consumption or pollution, with the goal of discovering and supporting cutting-edge entrepreneurs in fields such as smart utility metering, solar energy, and mobile financial platforms.
The collaboration with Valinor will allow The Hatchery to advance its clean-tech infrastructure and assist startups in turning their ideas into viable businesses.
Valinor is a Norwegian family-owned investment firm that seeks to leave a lasting legacy by investing early in promising businesses.
The partners will pool their expertise and resources to aid in the development of infrastructure and technology that will incorporate sustainable frameworks to provide startups with dependable, affordable clean-tech resources.
“The world is facing code red climate challenges, and with our recent collaboration with Valinor, we are attempting to give a voice to this challenge,” said The Hatchery global head Jon Bhmer.
“Valinor is fully committed to green investments and will assist the company in meeting its goal of supporting and developing startups.”
The alliance will accelerate clean-tech funding for startups by providing them with hands-on expertise and milestone-based funding, allowing founders to focus on business growth and operations.
