Mumbai : Freemont Partners today announced that they have entered into a partnership with Fr. Arrupe Centre for Ecology and Sustainability (FACES) – a Centre based at XLRI, Jamshedpur. The partnership envisions working in tandem to identify, incubate and invest in start-ups which have a sustainability-centric business model.
Freemont Partners is an incubator and accelerator providing mentoring and seed funding to entrepreneurs. Freemont's experienced management, global access to mentors, partners and alliances provide a unique value proposition for new and upcoming start-ups before their major round of funding. Freemont Partners expects to invest in about 25 – 30 companies over the next 3 to 4 years, including a few which have a sustainability-centric business model using technology.
Fr. Arrupe Centre for Ecology and Sustainability (FACES) is a multi-disciplinary Centre at XLRI Jamshedpur (India), which envisons providing thought leadership to promote policies, practices and dialogue, which have an impact on holistic and sustainable development of society and enterprises. FACES, is in the process of building an incubator to support start-ups in this space.
Ronald D'Souza, co-founder of Freemont Partners, and an XLRI alumnus said, "Young entrepreneurs in India are looking at building a sustainable ecosystem with innovative products and technology. In partnership with FACES, XLRI we hope to support this emerging ecosystem, which will have a long term impact on the way we live, work and play".
Prof. Madhukar Shukla, Chairperson, FACES, XLRI Jamshedpur, said, "Partnership with Freemont Partners will provide young students and entrepreneurs a great platform for mentorship, besides facilitating in seed-funding to build a sustainability-centric business."
About Freemont Partners: Freemont Partners is India's first Global Incubator and Accelerator, which provides seed funding to entrepreneurs focused on technology driven start-ups. Freemont Partners provides mentorship, strategic direction and access to local/global mentors and partners. For more information, visit www.freemontpartners.com
About XLRI:XLRI Jamshedpur is a premier, private management school in the country founded in 1949 by Fr Quinn Enright, S.J. in the Steel city of Jamshedpur, Jharkhand. Over the last few decades, XLRI has striven to contribute its best to the professional growth and management of innumerable institutions that serve the public, especially organized industry, labour, service agencies engaged in rural development, education, health and other public systems.