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Table of Contents HCL Group and UpLink Open Applications for its Third Global Aquapreneur Innovation Challenge The Body Shop India Focussed on Growth & Expansion Amid Development Within the Administration Process in the UK Brothers Unite to Fight Hunger, Richline Food a Cost-Effective CSR Solution

HCL Group and UpLink Open Applications for its Third Global Aquapreneur Innovation Challenge Tuesday 21 May 2024 08:57 AM UTC+00 Business Wire India HCL Group, a global conglomerate and UpLink, the open innovation platform of the World Economic Forum, announced the third challenge of the Aquapreneur Innovation Initiative, the "Tackling Water Pollution Challenge." This announcement was made during the 10th World Water Forum in Bali, Indonesia. The application deadline for submission is 31st August 2024.  The winners will be announced in January 2025 and the top 10 winners will receive a total financial award of 1.75M CHF. Detailed information and eligibility requirements can be accessed through the following link.    Important Dates to Note 21 May to 31st August 2024 Open for submissions   1st September to 1st November 2024 Review and selection process January 2025 Announcement of the Top Innovators The Innovation Challenge aims to empower changemakers who are pioneering groundbreaking technologies, strategies, and approaches to conserve, manage, and protect water resources. HCL has pledged US$15 million over five years till 2027 to bolster entrepreneurs focusing on water-related endeavors. The challenge will focus on the intersection of the quality and environmental impacts of water, with the key aspects including:   Preventing contamination of water at source- Source control aims to prevent or minimize the introduction of pollutants and contaminants at their source. Solutions may be aimed at contaminants from industry, agriculture, stormwater etc., and could include real-time monitoring and sensor networks, advanced filtration, and nature-based solutions   Monitoring and treating onsite industrial wastewater- Water is a core component in many industrial processes from manufacturing, cleaning and sanitation, mining, and cooling. Technological solutions offer a way to monitor water quality and reduce water contamination, minimize environmental impacts and move towards zero liquid discharge for industries.   Optimising urban infrastructure public water and wastewater treatment systems- Water and wastewater treatment infrastructure upgrades are expensive and the costs are climbing. This area will target a broad range of technological solutions that can unlock value by improving efficiency, reducing costs, and ensuring compliance.   Offering water quality solutions for households- The convergence of environmental awareness, cost considerations, regulatory pressures, and health concerns is driving the increasing popularity of personal water quality solutions among individuals and households. Technological solutions may include portable water testing, point-of-use water purification, and apps for crowd-sourcing water quality data. While launching the challenge, Sundar Mahalingam, President of Strategy at HCL Corporation said, "At HCL, we understand the power of innovation and through our partnership with UpLink, we are empowering Aquapreneurs to scale their solutions and drive meaningful impact. The first two editions of the Aquapreneur Innovation Initiative have demonstrated remarkable success, with participating entrepreneurs showcasing solutions that address critical water challenges. The Aquapreneurs from the first challenge have raised $54.5 million grants and venture capital funding since joining the cohort. This validates the effectiveness of the initiative in nurturing and supporting innovative ideas that address critical water challenges. We are, therefore, thrilled to announce the third challenge, aiming to engage a broader network of Aquapreneur globally." John Dutton, Head of UpLink, World Economic Forum, added, "At UpLink, we believe innovation and collaboration are key to overcoming the complex water challenges facing our planet. UpLink and HCL Group will tap into the world's brightest entrepreneurial minds working in this sector to help minimize the problem of freshwater loss by connecting them to essential resources, experts, and funding. The Tackling Water Pollution Challenge will ensure that the most scalable solutions are deployed to ensure that this vital resource is sustainably available to all." Evaluation and selection criteria for 3rd year includes:   Business viability Demonstrates a financially sustainable business model with a clear revenue approach. Presents a funding history and potential for investment. Identifies and manages external risks effectively. Shows alignment with market demand locally or globally. Has a legal entity and operational plan for financial sustainability.   Commitment to Deliver Impact Shows sustainable impact benefiting multiple sectors including society and the environment. Aligns with long-term water agenda goals. Utilizes a robust framework for impact measurement and verification. Transparently tracks metrics and adheres to relevant standards.   Solution Novelty and Replicability Offers unique aspects in product/service, pricing, partnerships, or business model. Provides evidence of concept feasibility and replicability across different contexts. As water scarcity and pollution continue to pose significant threats to communities and ecosystems globally, the Aquapreneur Innovation Initiative seeks to harness the power of innovation to create sustainable solutions. Selected participants will receive mentorship, funding support, access to networks, media visibility, and other resources to scale their initiatives and maximize their impact.

The Body Shop India Focussed on Growth & Expansion Amid Development Within the Administration Process in the UK Tuesday 21 May 2024 09:30 AM UTC+00 Business Wire India The Body Shop's UK market and UK-based Global Head Office are currently in administration and a sale process for the business has been initiated on Monday 20th May, 2024. The move raises the prospect of new owners taking control of the brand founded nearly half a century ago. The UK business is still trading, and customers can continue to shop in-store and online.   The Body Shop India, is a Head Franchise Market, leveraging decades of retail experience from its powerhouse parent company – Quest Retail Pvt. Ltd., a leading Beauty Specialist Omni Channel Retailer and Brand development company in India. Infact, Global franchises are crucial to The Body Shop's growth, long-term international strategy and functioning as they stabilise the core of the business in UK.   Shriti Malhotra, Group CEO of Quest Retail - The Body Shop India, said, "The news that's been reported relates to the UK (or company-owned markets) only. This has no effect on The Body Shop India whatsoever. We are a brand which makes a difference, not only through the products we sell, but through the immense popularity of the brand in India and the strength of the community actions we undertake. Following the recent developments in UK, The Body Shop India remains strong, and the news of new ownership is very positive development for us for the path ahead. With a reinvigorated approach, our investment in the Brand expansion, Brand Advocacy and partner growth in India remains immensely strong especially as we are launching new retail and quick commerce opportunities, ensuring greater accessibility to customers in India."   Early this year, The Body Shop has attained the status of 100% Vegan certification, with all its formulations being certified by The Vegan Society. As India's largest international beauty retailer catering to 1500+ cities through its online reach with 20 brand new Activist Workshop stores opened recently and 100% quick commerce growth, The Body Shop India is well poised on its growth trajectory.

Brothers Unite to Fight Hunger, Richline Food a Cost-Effective CSR Solution Tuesday 21 May 2024 10:11 AM UTC+00 Business Wire India Driven by a Passion for Change in the wake of the 2021 COVID crisis, brothers Mr. Akshay Gupta and Mr. Vidit Gupta witnessed firsthand the devastating impact of hunger. Determined to make a difference, they launched an initiative of providing quality food in form of CARE PACKAGES via their company, Richline Food Pvt Ltd. Richline Food is a groundbreaking platform that empowers businesses to fulfil their Corporate Social Responsibility (CSR) goals through quality food distribution initiatives and put the CSR money for a more direct and impactful purpose. Tailored Solutions for Every Business, Richline Food understands that every company has unique CSR priorities and budgets. They offer a range of customizable packages, allowing businesses – from large corporations to Middle and small organizations and even individuals – to design food distribution programs that align with their specific needs and target demographics. To mention a few alliances EROS Group, Vasundhra Jewellers, Big Lotus, Everpik, Delhi Pasand, Shree Niwas Foods, Gujral Insurance & Investment Services, AGMECO, and Pankaj Electricals.   Richline Food during the time of covid also got orders from their aggregated partner for handling CSR alliance via their marketing partner for corporates like Barclays, Kotak Mahindra Bank, Axis Bank, HSBC to mention a few.   Maximizing Impact, Minimizing Costs, Richline Food prioritizes cost-effectiveness. Their efficient logistics network and partnerships with local NGOs ensure meals are delivered at an optimized cost. This allows businesses to stretch their CSR budgets further, maximizing the number of people they can help.   Transparency One Can Trust, Richline Food goes beyond simply facilitating donations. They provide complete transparency throughout the process. One can track, measure, and amplify the impact of their campaign.   Assured Quality, they have rigorous quality control procedures in place to ensure one receives a product or service that meets the highest standards.   Assured Price, Richline Food believes in transparent pricing. Consumers will get a clear quote upfront, with no hidden fees or surprises.   Customized Package, tailor people's experience to their specific requirements. They work with the team to create a package that includes exactly what they need and nothing they don't. Businesses receive regular reports detailing the number of beneficiaries reached, locations served, and the type of meals distributed. This allows for clear accountability and showcases the tangible impact of each contribution by the respective organization.   A Win-Win for Businesses and Communities, partnering with Richline Food offers a win-win situation. Businesses can fulfill their CSR obligations in a cost-effective and impactful way, contributing to the UN Sustainable Development Goals (SDGs) like Zero Hunger and Poverty Reduction. At the same time, Richline Food empowers communities by delivering nutritious meals to the underprivileged, fostering better health and well-being.   Embrace a New Era of CSR: Richline Food represents a new wave of CSR initiatives – data-driven, streamlined, and delivering measurable results. By partnering with Richline Food, businesses can demonstrate their commitment to social good, enhance brand image, and build stronger community relations.   Join the Movement: Visit the Richline Food website to learn more and create a customized food distribution program for businesses to bridge the hunger gap and build a more sustainable future ahead.

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