The EDP Hope Fund – Fair Energy Incubators aims to support and finance social entrepreneurs who are dedicated to ensuring that the energy transition is fair and inclusive, and that it leaves no one behind. In collaboration with Ashoka and Bridge for Billions, the Hope Fund offers a program for social entrepreneurs to develop scaling strategies for their solutions, as well as access to patient and flexible funding opportunities.
Throughout the program, social entrepreneurs will benefit from a 1-1 and group mentorship, followed by a step-by-step approach to create a clear, feasible, and investment-worthy scaling strategy. This will enable them to increase their social impact and reach more people in need for a fair energy transition. As a founder of the Hope Fund, EDP will then select the most promising solutions to invest in their scaling strategy, providing patient and flexible funding. Each selected social entrepreneur can receive up to 500k€ in funding.
To increase our impact and reach the greatest number of entrepreneurs, we have entrusted the operation of the fund to our trusted partners, from managing applications to the detail of procedures and contact with entrepreneurs. Bridge for Billions and Ashoka are bringing together the knowledge and experience of their previous projects for this ambitious new programme.
