Cibi e Bevande
Thai Startup Receives $40,000 in No-Strings Funding from Chivas Venture Competition
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 YoungHappy winning the local final in Thailand . YoungHappy – 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:
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. YoungHappy provides senior-friendly services, events and products throughout the community. They help senior citizens maintain active lifestyles, raising their self-esteem and keeping them engaged with their peers whilst supporting their wellbeing.
Thanakorn Phromyos, Co-founder of YoungHappy
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 https://www.chivas.com/en-EN/the-venture or follow on Twitter @ChivasVenture .
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