Vedanta Launches Vedanta Spark 3.0: Providing Opportunities to Startups in Sustainable and Transformative Technologies
– Vedanta has announced the launch of Vedanta Spark 3.0, a global corporate innovation, accelerator, and ventures program. The program aims to offer over 100 project opportunities worth up to $5 million to startups in sustainable and transformative technologies.
– With the success of the previous editions, which engaged over 80 startups for more than 120 opportunities, Spark 3.0 is expected to contribute significantly to Vedanta’s transformation and the growth of the startups involved.
Vedanta Spark Empowers Startups Through Collaboration and Innovation
Vedanta Spark’s approach involves inviting startups to provide solutions for real business challenges. Selected startups are given the opportunity to execute projects with Vedanta Group of companies and access world-class infrastructure, resources, and insights from Vedanta’s experts. This collaboration empowers startups to refine their products, scale their operations, and achieve sustainable growth. Arun Misra, CEO of Zinc Sector at Vedanta Limited, highlighted that the Spark initiative aligns with the group’s vision of supporting startups that leverage groundbreaking technologies to solve real business problems and shape the future of the industry.
Partnerships and Focus Areas Drive Innovation in Vedanta Spark 3.0
Vedanta has partnered with organizations like MeitY and Nasscom’s Center of Excellence for IoT & AI, CII’s Center of Excellence for Innovation, Entrepreneurship & Start-ups, Forge Innovation & Ventures, and Austmine to accelerate engagements involving emerging technologies. The program also focuses on three key areas to drive innovation: enhancing business efficiency, digital transformations, and achieving Net Zero sustainability goals. Through Vedanta Spark 3.0, startups will have the opportunity to work across the Vedanta group of companies and showcase their innovative ideas.
With the launch of Vedanta Spark 3.0, Vedanta Group emphasizes its commitment to fostering innovation and inspiring startups to create a lasting impact on the global stage. The program aims to provide opportunities and support to startups in sustainable and transformative technologies, contributing to Vedanta’s transformation and growth.