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ERC Eye Care is one of Ennovent’s Impact Investment Holding (IIH) portfolio companies. Being an omnichannel eye care service provider, they provide quality eye care at affordable costs through its four hub hospitals in North East India. With costs as low as Rs. 90/-, a patient can get a comprehensive consultation at ERC Eye Care.  As COVID-19 hit the country, ERC Eye Care had to adapt and innovate to continue their mission of helping people see better, so that they can live better. We spoke with Dr. Parveez Ubed, founder, ERC Eye Care about changes, innovations, and plans as the country...

As COVID-19 has been progressing all over the world, one of the more important topics that is gaining attention is medical waste disposal. In India, the Central Pollution Control Board (CPCB) had released a set of guidelines earlier this year for safe and scientific handling, treatment and disposal of biomedical waste generated as part of COVID-19 interventions including testing and treatment at healthcare facilities.  While these guidelines are well-thought of, a big gap presents itself during implementation. With large numbers of asymptomatic-to-mildly symptomatic COVID positive patients quarantining themselves at home, the guidelines for collection and disposal of hazardous waste coming from...

During the COVID-19 pandemic, most workplaces shifted to a work from home model. Organisations and consultants alike are adjusting to working remotely and trying to find the best ways to balance their home and professional life effectively. We, at Ennovent, have been working remotely since our inception in 2008. Over the last decade or so, our team has effectively collaborated across Europe, Asia, Africa, and the Americas. Today, our core team and advisors continue to work remotely, with members currently based in different parts of India, Nepal, Bhutan, and Austria. “Initially, when we were setting up Ennovent in India, we had...

The changes related to COVID-19 has created several challenges for startups and social enterprises in the subcontinent. In a few cases adapting to working remotely has proved to be challenging and in other cases changed government regulation has placed roadblocks. With all services other than essential services staying open, cash flow and cash reserve have been impacted. According to an article on Quartz, over 80% of India’s small businesses expect to scale down, shut shop, or sell off in six months. While we are also working closely with our venture partners and portfolio companies to extend the assistance they require...

As the COVID-19 pandemic has led us to uncertain times, in certain pockets we see the human spirit fighting it hard. In this post, we profile the initiatives taken by three business ventures from our investment portfolio, which have put a firm step forward in combating the changes resulting from  the coronavirus outbreak. Hasiru Dala Supports Waste Pickers with Care Kits  Hasiru Dala Innovations is a waste management company providing end-to-end waste management solutions in Bangalore, India. Hasiru Dala Foundation, a partner of Hasiru Dala Innovations, focuses on social justice and policy advocacy for waste pickers and solid waste management. [caption id="attachment_4298" align="alignleft"...

Stonesoup is a Bangalore-based organization, which is one of the finalists in the SEED awards, which recognizes eco-inclusive enterprises globally. Ennovent has partnered with SEED to implement the SEED Accelerator programme. Stonesoup creates products to help people make the change towards sustainable living. They offer products related to personal care, home care, menstrual care and composting.  “Our products are comfortable to use and healthy for individuals and the environment. Health and environment are two sides of the same coin,” says Smita Kulkarni, co-founder of Stonesoup. Smita, an ex-techie, founded Stonesoup along with Malini Parmar, who also comes from an IT background. “In the...

Trails Angels, an Austrian travel specialist, and Ennovent partnered with the Austrian Development Agency to establish Fair Trails Himalayas in Nepal. Fair Trails leads the development of sustainable trails in the Himalayas that create impact by driving regional development, supporting local communities and promoting conservation along the routes.  As the first trail – the Snow Leopard Trail (jointly designed with Snow Leopard Conservancy, Third Pole Consultancy and Mountain Spirit) – is now open for people to explore, we chat with Guenter Mussnig from Trail Angels to document the trail design process for Fair Trails Himalayas.   Trail Angels as a company are focused...

Gabish Joshi recently joined Ennovent as the Country Director of Nepal. With a master’s degree in supply chain and logistics management and work experience in fair trade, Gabish wishes to focus on projects that aim to empower local communities.  Gabish is from Kathmandu, Nepal and has gained work experience in Nepal and abroad. After several years of developing his career, with the aim of learning and gaining deeper perspectives, he went to Hong Kong to pursue his master's. “My professional beginning at a fair-trade company led me to cultivate an in-depth understanding of how social enterprises can create a positive and...

India currently has an urban population of more than 377 million, which is further expected to grow to 590 million by 2030. A recent report by the World Bank Group indicates that India needs Rs. 2,533 billion (or Rs. 2.53 lakh crores) between the period 2018 and 2022 to fund new sanitation infrastructure and cover the supporting costs of the same. This is almost equal to India’s annual GDP in 2017. Apart from the apparent financial roadblocks, the water, sanitation, and hygiene (WASH) sector in India have several other unique challenges including diverse user needs, complex and interconnected problems in the...

Peter Scheuch is the Founder and Managing Director of Ennovent. In this quick Q&A, he reflects on Ennovent’s decade-long journey, our vision and the challenges to meet this vision.  How has the Ennovent journey been in the last decade? What changes has the organisation seen in this period?   In 2008, Ennovent started with a simple vision – to improve the lives of people living in low-income markets. Back then, we structured investments for early-stage startups that served the communities. We worked with organisations and several governments to support startup incubation and acceleration.  However, during the course of the decade, our approach towards achieving...

 

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