Australian startup receives $40,000 in no-strings funding from Chivas Venture Competition

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Now in its sixth year, the Chivas Venture gives away $1m in no-strings funding to startups who blend profit with purpose to have a positive impact on the world. This year’s competition has seen 26 social enterprises selected from 26 countries, across five continents, with Okra Solar winning the local final in Australia. Okra Solar – who was due to pitch for a share of the fund at a Global Final in June – will now receive $40,000 in funding, which can be put towards creating positive change at a testing time for people across the globe.

Pernod Ricard Chairman and CEO Alexandre Ricard comments: “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.” 

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. Okra Solar designs and develops plug-and-play smart grid technology to provide tools specifically for energy utilities in countries with large off-grid populations, ensuring remote communities have access to sustainable power solutions.

“We are extremely grateful to have been a part of this year’s Chivas Venture and the opportunity this has given Okra Solar. Due to the current global pandemic, we fully understand and support the decision to curtail the competition and split the prize between so many worthy social entrepreneurs. The decision will help us continue to make a positive impact in a multitude of communities.” – Damian Veling, Co-founder of Okra Solar.

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 – driving major change, including providing 34 million litres of safe drinking water to communities, recycling 1,300 tonnes of waste, helping over 2,500 farmers’ families out of poverty and funding over 75,000 days of education for women and girls.

Just as Chivas champions the perfect blend of malt and grain whiskies in its Scotch, the Chivas Venture champions entrepreneurs who blend profit and purpose to have a positive impact on the world. To find out more about the Chivas Venture and to learn more about this year’s finalists, visit  www.chivas.com/the-venture or follow on Twitter @ChivasVenture.