Today through November 2, 2017, 10 growth-stage entrepreneurs on
a mission to generate thousands of future jobs in the emerging
green economy will learn how to scale their companies at the second
annual Unreasonable Impact US program. Unreasonable Impact is an
innovative multi-year partnership between Barclays and Unreasonable
Group to launch the world’s first international network of
accelerators focused on scaling up entrepreneurial solutions that
will help employ thousands worldwide while solving some of our most
pressing societal challenges
Ranging from Clara Foods, a venture capital-backed company
creating the world’s first animal-free egg white, to
AeroFarms, transforming agriculture by building, owning, and
operating indoor vertical farms that grow flavorful, safe, healthy
food, the participating companies have each been selected based on
their potential to create at least 500 jobs in the green economy
within the next five years.
During the two-week intensive program, the entrepreneurs will
receive mentorship and advice from business experts and serial
entrepreneurs, such as Tom Chi, former head of experience at Google
X, Chip Heath, Stanford professor, and author of Made to Stick,
John Miller, Global Head of Industry Banking at Barclays, and
Claire O’Connor, Head of Loan Capital Markets at Barclays, among
many others.
The program will take place in Connecticut, and include two
exhibition events in New York City, where entrepreneurs will
showcase their innovations.
After one full year of programs, Unreasonable Impact’s
collective 35 ventures currently reach over 150 million customers,
operate across 170 countries, supporting approximately 10,000 jobs
and have raised a combined $450m in total financing to date.
“Unreasonable Impact is an important strategic part of Barclays’
Shared Growth ambition,” explains Joe McGrath, Global Head of
Banking, Barclays. “We believe entrepreneurial solutions are best
primed for scale when supported by a major corporation that can
accelerate their growth. By supporting entrepreneurs targeting the
world’s greatest challenges with our resources and mentorship, we
can help to facilitate job creation in sectors that will lead
future global economies and will benefit society as a whole.”
Daniel Epstein, founder and CEO of Unreasonable Group explains,
“Within the next four years, it is estimated that we will need 212
million new jobs to accommodate current unemployment and projected
job loss due to new industries. By partnering with Barclays, we
will scale up solutions that address significant societal and
environmental issues. Unlike most accelerator programs, we choose
to support entrepreneurs whose ventures have already proven to be
effective in market. Not only that, but by supporting technologies
that work, we will also help accelerate the creation of millions of
new jobs around the world.
For more information,
visit http://www.unreasonableimpact.com.
The participating US companies include:
AeroFarms: Fundamentally transforming agriculture by
building, owning, and operating indoor vertical farms that grow
flavorful, safe, healthy food in a sustainable, socially
responsible way.
BioLite: Combating global energy poverty with 20 products
across cooking, charging, and lighting that reach consumers at
scale in 70 countries.
Clara Foods: Creating the world’s first animal-free egg
white and other performance protein products to promote health,
preserve the environment, and alleviate animal suffering.
Heatworks: Revolutionizing how the world heats its water
with a patented technology that is 99% energy efficient, conserving
time and water in the process.
Lucid Energy: Turning millions of miles of gravity-fed water
pipelines around the world into generators of clean,
environmentally-friendly, renewable energy using in-pipe hydropower
technology.
Magnuss: Reducing the environmental impact of oceanic
shipping by more efficiently harnessing the wind for maximum
propulsion, saving vessels up to 50% in fuel costs.
Memphis Meats: Transforming the near trillion-dollar global meat
market by producing real meat without raising and slaughtering
animals.
Plant Prefab: The first prefabricated home factory in the nation
dedicated to sustainable construction, materials, processes, and
operations.
Preserve Products: Making performance driven, stylish, 100%
recycled and compostable household products.
Terramera: Replacing conventional chemical pesticides with
safer, healthier, high performance plant-based products for
agriculture, the pest control industry, and consumer use.
About Barclays
Barclays is a transatlantic consumer, corporate and investment
bank offering products and services across personal, corporate and
investment banking, credit cards and wealth management, with a
strong presence in our two home markets of the UK and the US.
With over 325 years of history and expertise in banking,
Barclays operates in over 40 countries and employs approximately
85,000 people. Barclays moves, lends, invests and protects money
for customers and clients worldwide.
About Unreasonable Group
Unreasonable’s mission is to be the most effective platform in
the world for entrepreneurs solving key global challenges (i.e.
ensuring renewable energy reaches the 1.3 billion people currently
without electricity, reimagining the future of healthcare, or
addressing the global unemployment crisis). Through running
worldwide accelerator programs, a globally oriented private equity
fund, an extensive network of over 300 serial business leaders as
mentors, and advanced storytelling and media activities,
Unreasonable is designed to exclusively support entrepreneurs
positioned to solve society's toughest problems. For further
information about Unreasonable, please visit our
site, http://www.unreasonablegroup.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20171023005968/en/
BarclaysBrittany Berliner,
212-526-4894brittany.berliner@barclays.com
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