Chivas Venture divides this year's $1m Venture Fund between 26 global Startups
by Startacus Admin
26 Social Enterprise startups share the $1m No-Strings Chivas Venture Fund
Some good news with the announcement that due to the global COVID-19 outbreak, leading blended Scotch whisky, Chivas, will be distributing this year’s Chivas Venture $1 million fund evenly amongst the 26 global finalists. The Chivas Venture has been in operation for six years and it provides $1m in no-strings funding to startups who blend profit with purpose to have a positive impact on the world.
To date, the Chivas Venture has given away $5 million in no-strings funding to social startups who have positively impacted over 2 million lives across 50 countries.
This year, 26 social enterprises have been selected from 26 countries, across five continents.
The finalists who were due to pitch for a share of the fund at the Global Final in June will now instead each receive $40,000 in funding which they can use towards creating positive change at what is such a testing time for people all across the world.
This year’s finalists have found unique and creative ways to tackle a wide range of social, environmental and economic challenges, many of which have been exacerbated by the global pandemic, especially in at risk, or isolated communities.
Pernod Ricard Chairman and CEO Alexandre Ricard commented:
“It is with great sadness that we have decided to cut short this year’s Chivas Venture competition due to the impact COVID-19 is having across the world. Now more than ever, our world needs the passion and dedication of those who want to bring about positive change. That’s why we have decided that each of our finalists should be provided with secure funding now, so they can continue their important work and continue to positively impact their communities in spite of these volatile conditions, which will be particularly challenging for fledgling businesses and the communities they serve.”
To find out more about Chivas Venture and the finalists who will be sharing this year’s fund, visit Chivas Venture or follow them on Twitter @ChivasVenture. Kudos to the team at Chivas Venture for this decision.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Applications still open for The Debut Sessions Christmas Pitch comp with the opportunity to win a Term Sheet for a £100,000 SEIS investment
Primer, the innovative fintech that helps merchants consolidate their payments stack through its low-code infrastructure and online checkout API secures a £14 million Series A funding round, led by Accel
Ryan Roddy, Derry native and student at De Montfort University wins the Prospect 100 global sneaker design competition with his military inspired corkscrew sneaker
Insights from a discussion with Speedinvest, Amplifier, La Famiglia and Redstone, four of Europe’s leading early stage venture funds, on current VC funding for female founders and what changes are needed
Carverter is an online platform that’s on a mission to help us all to switch to greener cars sooner, by providing independent advice and comparisons in one handy place
Effective branding should reflect your business and what you're about - this advice and these tips will help you ensure that it does just that
The FreelanceHER 100 accelerator programme launches to empower Manchester-based women working in digital, creative, media and technology to meet their business needs and growth ambitions
The innovative car management app, Caura releases a new insurance product to help reduce the cost and time taken to insure a car
The innovative Spanish startup on a mission to help us have a greener future by disrupting how we can source electricity from nature
.jpeg)
If you're considering starting up an online business, here are a few of the key ways that you can intensify what you do to sell more
Published on: 23rd March 2020
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- UK-based startups sought for The Debut Sessions Christmas Special 1st Dec 2020 Applications still open for The Debut Sessions Christmas Pitch comp with the opportunity to win a Term Sheet for a £100,000 SEIS investment
- Primer secures £14 million Series A funding 30th Nov 2020 Primer, the innovative fintech that helps merchants consolidate their payments stack through its low-code infrastructure and online checkout API secures a £14 million Series A funding round, led by Accel
- Derry student wins Prospect 100's global sneaker design competition 30th Nov 2020 Ryan Roddy, Derry native and student at De Montfort University wins the Prospect 100 global sneaker design competition with his military inspired corkscrew sneaker
- Top VCs discuss whether the pitch process is failing female entrepreneurs 26th Nov 2020 Insights from a discussion with Speedinvest, Amplifier, La Famiglia and Redstone, four of Europe’s leading early stage venture funds, on current VC funding for female founders and what changes are needed
