Ernst & Young (EY) has selected 16 early-stage start-ups to join its EY Foundry Cohort 5 programme to propel disruptive solutions in four areas: sustainability, new enterprise, people and wellness, and services of tomorrow, reports Blockchain.News
EPC Blockchain, a Malaysian-based firm, is among those chosen, and it utilises blockchain technology to record energy investments needed when crowdfunding energy projects. As a result, it tackles the challenge of climate change through public mitigation.
EPC Blockchain also enables small project developers to monetize carbon credits from energy projects.
From this month (July 2022), EY will conduct the six-month incubator program virtually, with participants benefitting from $150,000 (€146,660) in Microsoft Azure credits to enhance their technology stack.
Nurturing talent is emerging as a favoured strategy needed to spur innovation. For instance, Ripple, a leader in enterprise crypto and blockchain solutions, recently opened a key engineering hub in Toronto, Canada, to enhance crypto innovation and growth, Blockchain.News reported.