Amazon Launches Third-Year Sustainability Accelerator Program
Amazon has opened applications for its sustainability accelerator, now in its third year, offering grants and mentorship to start-ups focused on decarbonization, circularity, and building resilient value chains. The program, based in London, provides support to sustainability-focused start-ups in consumer products, circular economy, energy in buildings, and packaging sectors. The goal of the initiative is to become the leading hub for entrepreneurs developing sustainable products and technologies.
This year, the accelerator program has expanded to include later-stage start-ups. Participants will receive a £10,000 grant, $10,000 worth of Amazon Web Services credits, and a bespoke 10-week mentorship program. Additionally, for the first time, there will be a four-week program specifically designed for more advanced start-ups. These start-ups will have the opportunity to pitch for a pilot project with parts of Amazon’s business.
Since its launch in 2022, the sustainability accelerator has supported over 25 European start-ups, with a focus on the UK market. Through grants and credits totaling over $1 million, the program has helped these businesses achieve remarkable success, with sales increasing by more than 700% and raising £16 million in investment.
The program is a collaborative effort in partnership with EIT Climate-KIC and Founders Intelligence. Its ultimate aim is to support the growth of start-ups and contribute to the realization of a more sustainable economy. Interested start-ups can apply until 5 April for the circular economy, energy in buildings, and packaging streams, with announcements expected in the spring. The deadline for consumer products is 31 July, and announcements will be made in the autumn.
Analyst comment
Positive news. The market is expected to see an increase in sustainable start-ups focused on decarbonization, circularity, and resilient value chains. Participants will receive grants, mentorship, and the opportunity to pitch for pilot projects with Amazon. The program’s previous success suggests a positive impact on sales and investment. The market will likely see more sustainable products and technologies, contributing to a more sustainable economy.
