Green Tech Venture is a venture origination from Echoing Green accelerator that focuses on reducing energy wastage, enhancing energy storage and enhances cyber security in Duke City, which has become major challenges for the residents and businesses in the city. These social problems are increasing the costs of living for the residents and operational costs of the companies. Besides, they are presenting business owners in the region with high risks of data breaches. The green tech venture will benefit both the residents and the business owners operating in Duke City (Robb 163). Our value proposition subject to the provision of cybercrime security will be data security software without comparison. On the other hand, the value of the other services will be the efficiency to discover.
The green tech venture will focus on using the waste in the city to produce energy for the residents through biomass technology. This will ensure the provision of alternative energy sources that the residents can use. It is also a good move towards ensuring a clean environment for the residents in the city. Besides, the venture will also focus on implementing cyber security systems to all businesses within the region which will be linked to a common security hub that will be manned in the company by an IT expert to correct any issues breach in data information. Finally, the green tech venture will provide advisory services to businesses on better ways of reducing energy wastage and renewing energy to foster efficiency.
One of the key metrics that the venture will use to measure its social impact is monitoring the common security systems to identify the number of cybercrime issues detected and solved and compare with the instances that arose before the installation of the systems. Besides, we will involve the county council as a metric for the venture to provide us with information regarding with level of waste usage in the city.
Work Cited
Robb, Colleen. Social Ventures: The Development of the Theory of Sustainable Contributive Advantage and Initial Empirical Tests. Åbo: Åbo Akademis Förlag, 2012. Print.
