Empowering Pakistan's Climate Solutions: Innovate47 Launches

28 June, 2024 - A new initiative, Innovate47, launches today with the mission of empowering Pakistani entrepreneurs to become the driving force behind the country's climate solutions. The program offers a unique 3-month virtual experience designed to equip participants with the skills and resources needed to develop and launch impactful ventures focused on sustainability and positive environmental impact. In a statement supporting Innovate47, William Bao Bean, Managing General Partner of Orbit Startups, emphasized the importance of sustainable economic transformation: "Pakistan is going through a technology-driven economic transformation. It's crucial that we drive this change in a sustainable way to preserve the environment even as the economy takes off."

Sarah Munir, Chief Executive Officer at Invest2Innovate (i2i), echoed the sentiment: "Building localized & sustainable climate solutions for Pakistan is more important now than ever – and dedicated initiatives like these are crucial to identify and nurture the next generation of climate leaders in the country."

Responding to a National Crisis: Climate Change in Pakistan

Climate change is no longer a distant threat for Pakistan; it's a present reality with far-reaching consequences. Rising temperatures are causing more frequent and severe

heatwaves, while erratic rainfall patterns disrupt agriculture and lead to flash floods and droughts. The melting of glaciers in the Himalayas, a vital source of freshwater, further exacerbates water scarcity. These challenges pose a significant threat to Pakistan's environment, economic stability, and overall well-being of its citizens.

A Call to Action: Innovate47 Addresses Pakistan's Climate Challenges

Pakistan faces a multitude of climate-related issues, including rising temperatures, erratic rainfall patterns, water scarcity, and sea level rise. These challenges affect everything from human health and agriculture to infrastructure and coastal communities. The urgency to address these challenges cannot be overstated. Innovate47 recognizes this critical need and aims to empower Pakistani entrepreneurs to develop innovative solutions specifically tailored to the country's climate context, encompassing both mitigation and adaptation strategies.

A Collaborative Effort

Innovate47 is supported by a network of esteemed organizations dedicated to fostering innovation and entrepreneurship in Pakistan. This includes the National Incubation Center Islamabad, Invest2Innovate (i2i), Change Mechanics, National Incubation Center Faisalabad, Orbit Startups, and others. This collaboration brings together valuable resources, expertise, and mentorship opportunities for program participants.

Equipping Climate Champions

The Innovate47 program will offer a curriculum specifically designed to empower climate-focused entrepreneurs. Participants can expect:

• In-depth Workshops: Gaining knowledge and skills in areas like clean technology, sustainable business models, social impact measurement, climate change mitigation strategies, and climate adaptation approaches.

• Expert Mentorship: Receiving guidance and support from seasoned professionals in climate change, business development, and entrepreneurship. These mentors will be instrumental in helping you fine-tune your venture and navigate the complexities of the climate solutions landscape.

• Peer-to-Peer Learning: Building a strong network with other passionate entrepreneurs through collaborative workshops, group activities, and ongoing support.

• Resource Access: Gaining access to valuable resources like funding opportunities, legal assistance, industry connections, and potential investor introductions. Innovate47 understands the importance of securing funding to bring your vision to life. We will connect founders with relevant investors interested in supporting climate-focused ventures.

Empowering Intrapreneurship:

Innovate47 recognizes that sustainability efforts extend beyond startups. We offer a dedicated program for established corporations that fosters a culture of innovation from

within. Through our "Intrapreneurship Program," corporate employees with a passion for sustainability can receive guidance and support to develop and implement innovative green solutions within their organizations. This program empowers a ripple effect of sustainability throughout Pakistan's corporate landscape.

Applications Now Open

Innovate47 is actively seeking applications for its inaugural cohort. The program is open to passionate and driven individuals with a strong desire to make a positive environmental impact. Whether you have a fully formed business idea or are still exploring potential solutions, Innovate47 can provide the support and guidance you need to turn your vision into reality. We encourage applications from entrepreneurs with a wide range of ideas, from clean energy solutions and sustainable agriculture practices to innovative disaster management approaches, sustainable fashion brands, emission reduction initiatives, and waste reduction strategies. Applications for the inaugural cohort are open until July 31, 2024.

A Call to Action

"We are excited to launch Innovate47 and create a platform where innovative ideas can flourish," says Umair Sheikh, Managing Director of Innovate47. "We believe that entrepreneurship holds immense potential for tackling climate change, and we are committed to empowering the next generation of climate leaders in Pakistan." Umair Sheikh is also a director at the Founder Institute and has extensive experience working with early-stage startups.

To learn more about the program and apply for the inaugural cohort, visit the Innovate47 website: www.innovate47.com

About Innovate47

Innovate47 is a program dedicated to supporting entrepreneurs in developing and launching impactful solutions that promote sustainability and positive environmental impact. Through a 3-month virtual program, Innovate47 equips participants with the skills, knowledge, and network to navigate the world of climate-focused ventures. Backed by a network of esteemed organizations, Innovate47 aims to foster a vibrant ecosystem for innovative solutions tackling Pakistan's pressing climate challenges.