LOHAS Asia, the sister organization to LOHAS USA, is thrilled to announce that the first round of the LOHAS Asia Funding Initiative has resulted in investment in US based LOHAS company, Artterro. Artterro produces eco art kits for children, and following three rigorous rounds of assessment by a funding panel in Singapore, Artterro was selected to receive investment to help it grow to the next level.
What Is The LOHAS Asia Funding Initiative?
The LOHAS Asia Funding Initiative has been created to achieve the following:
1. To fill the gap in traditional funding models to provide a much-needed link between investors and entrepreneurs that meet the demands of the LOHAS consumer in Asia
2. To accelerate the development of small, sustainable businesses that meet the needs of the LOHAS consumer, and who – through their success – have the capacity to drive industry-wide change
3. To demonstrate the viability of triple bottom-line business to the wider investment community
4. To promote sustainable consumption in Asia by supporting the provision of a wider choice of price competitive, sustainable and aspirational LOHAS products.
LOHAS Asia’s Funding Initiative combines access to funds of up to US$10 million in growth capital per company with ongoing marketing, technology and strategic planning mentoring and support from a number of the world’s leading corporations. The Initiative is targeted at for-profit LOHAS companies from all over the world who have a clear Asia strategy (supply, production or distribution) and a minimum of one year’s trading revenues.The funding panel, made up of finance, branding, technology, retail experts and entrepreneurs, chose Artterro because it represents a strong example of a for-profit company strongly underpinned by LOHAS values.
“Artterro is exactly the kind of company that we wish to see funded to be able to grow to the next stage of their business. They are a business founded on solid LOHAS values, with adherence to triple bottom line principles. We wish to be able to show that integration of social justice and environmental protection into a company’s operations can yield normal returns to the investor community. Being LOHAS should not be an excuse for poor profitability and sub standard quality of goods and services, but can actually yield greater profits versus business-as-usual and deliver products and services that can compete with any company in the market. Furthermore, profits are then used for the greater good in turn, according to the company values.” said Adam Horler, President of LOHAS Asia.
The LOHAS Asia Funding Initiative represents the future of sustainable innovation. Its breakthrough platform brings together a diverse set of partners (entrepreneurs, industry specialists, and financial institutions) to accelerate the development of new enterprises with responsible business models. I'm proud to be a part of this visionary organization and excited about it supporting Artterro, an energetic firm with real promise to disrupt its industry for good." said funding panel member, Dustin Garis, Global Brand Manager at P&G Futureworks.
The Funding Initiative is focused on companies that have an end consumer for their products or services and an Asia strategy. The investment received by Artterro will be used to increase its marketing and sales capacity and to help the company expand production and distribution in Asia.
"We have always been inspired by the amazing work LOHAS is doing, so this opportunity is both an honor and further inspiration to grow sustainably. We are thrilled that the LOHAS Asia Funding Initiative chose Artterro for investment, and we look forward to working with our new strategic mentors to reach our potential as a truly global brand with LOHAS values." said Forrest Espinoza, Founder and CEO of Artterro.
The second round of the LOHAS Asia Funding Initiative was launched on Friday 15th June. Any interested companies should contact firstname.lastname@example.org for more information on how to apply.
LOHAS Asia is a social enterprise based in Singapore seeking to encourage sustainable consumption, particularly across urban Asia. The purchasing decisions of the ever growing population of affluent Asian middle class consumers is critically important - both as a market for companies and for future of the planet as a whole. LOHAS Asia works on both sides of the sustainable consumption equation, seeking to engage with consumers themselves and to support the growing community of LOHAS companies, thereby helping to increase the choice of aspirational yet sustainable products and lifestyles available to consumers. LOHAS Asia has created THE HUB by LOHAS, an online network for LOHAS companies across the world to connect, collaborate and seek opportunities. www.thehub.lohas.com
Artterro is an award winning eco art kit company based in Madison, WI, USA. Helping people tap into their creativity with inspiring, open-ended art projects is at the core of Artterro’s mission, as is their commitment to sustainability. Artterro sources artist-quality, natural materials from ethical suppliers, and people with special needs assemble the kits at Goodwill Industries. Their kits make art more accessible and bring friends and families together across generations. www.artterro.com
Ted Ning is renowned for leading the annual LOHAS Forum, LOHAS.com and LOHAS Journal the past 9 years Ted Ning is widely regarded as the epicenter of all things LOHAS leading many to affectionately refer to him as ‘Mr. LOHAS’. He is a change agent, trend spotter and principal of the LOHAS Group, which advises large and small corporations on accessing and profiting from the +$300 billion lifestyles of health and sustainability marketplace. The LOHAS Group is a strategy firm focusing on helping companies discover, create, nurture and develop their unique brand assets. For more information on Ted visit www.tedning.com