5th Element Group PBC to Launch Subsidiary Company in India

NEW YORK, January 29, 2019 (Newswire.com) - 5th Element Group PBC today announced that it would open its first international office in Delhi, India. 5th Element is a global business accelerator that drives growth using frontier tech for good. The company has become a flagship brand in the quest to engage the “bottom billion” through frontier tech solutions and innovative impact strategies that facilitate omni-win value exchanges between investors, corporate brands, NGOs and consumers.

The announcement of the launch of 5th Element Group India as a subsidiary company formalizes a letter of agreement that was reached between 5th Element co-founders Jim Van Eerden and Ed Martin with rising Indian business leader Pratik Gauri in December of last year. The terms of the agreement were finalized at the Nobel Peace Prize Forum in Oslo, an event for which 5th Element Group was the title sponsor, and the posts about the news went viral on social media including retweets from the Prime Minister’s Office in India.

The company also announced its title sponsorship of the Indian Leadership Conclave, scheduled for February 16-17 in Delhi, and named Pratik Gauri as President of the new venture. 

“We believe that our innovation portfolio will be uniquely impactful in the India Market,” said 5th Element Group PBC President, Jim Van Eerden, “and we are confident in Pratik’s vision, energy and capability to lead this venture.”

Gauri is a rising entrepreneurial leader in India, with a large social media presence and reach. He served most recently as Head of Trade Sales in Delhi NCR for Tata Sky, India’s leading direct broadcast satellite television provider. He is a co-founder of a leadership movement called India Needs You (“INY”) that hosts impact convenings in the law, entrepreneurship, and public policy. He has been named a World Economic Forum Global Shaper and a Climate Reality Leader by Al Gore.

“I believe that India, as one of the world’s largest youth-based populations, will soon become 5th Element’s largest market,” Gauri said. “The convergence of trends, opportunities, and challenges are all aligned for this to come to be.”

Gauri shares 5th Element’s vision to deliver corporate and social prosperity through “omni-win” or “shared-win” collaborations, using the UN’s Sustainable Development Goals as a shared language for critical social impact targets.

At the heart of this partnership is also a desire to empower women through new business strategies made possible by frontier technologies, and a desire to introduce “good exchange” solutions that will unlock millions of marketing dollars from India-based brands through the engagement of consumers in a manner that unlocks donations to causes that matter to the brand and consumers alike. This model is especially pertinent in India where companies are required to give 2% of their profits to charity.

Reflective of its mandate to promote the importance of women in leadership, 5th Element Group India will be launched at INY’s flagship convening Indian Leadership Conclave. The Conclave will host 200 delegates and 35 distinguished leaders in politics, business, academia, and leaders from a variety of industries to engage with delegates in a multi-dimensional dialogue that motivates leaders to reach their full potential in pursuit of solutions to today’s most pressing global challenges.

In partnership with 5th Element Group and the Decade of Women, which was launched at the United Nations last March, the organizers also plan to make awards to young women entrepreneurs for their contribution to society and will unveil the first tokenized “Women Of Change” coin to debut a new global coin collection.

-------

About 5th Element Group PBC

5th Element Group PBC is a global business development accelerator with a mission of delivering frontier technology solutions that achieves the Sustainable Development Goals. 5th Element creates capital that did not exist before, deploys that capital where it has yet to be deployed and scales new forms of corresponding collaboration. 5th Element’s vision is to help create a new socio-economic era that closes historic gaps in last-mile inclusion in a global company. www.5thElement.Group

About India Needs You

INY Foundation (India Needs You) is a non-profit working to create the next generation of leaders which shall be critical to India's development story. It is registered as a Public Charitable Trust under Indian Trusts Act, 1882. It envisions an India full of responsible leaders who shall write India’s development story. Its team is on a mission to equip 200+ young adults every year with leadership toolkit through leadership programs and workshops which shall encourage and inspire them to solve some of the complex Social and Economic problems faced by India, thereby, impacting India’s development positively. www.inyfoundation.org

About Indian Leadership Conclave

ILC will be India’s first mega leadership conclave focused on young women leaders. The conclave will host 200 delegates and 35 distinguished leaders from the fields of politics, business, academia, development, entertainment, journalism and sports who will come together and converse with the leaders of today and tomorrow, engaging them in a multi-dimensional dialogue while motivating them to reach out to their paramount potential in pursuit of solutions to the global challenges that besiege the world. www.indianleadership.org

About the Decade Of Women

Launched on International Women’s Day in New York, together with 5th Element Group and Thomson Reuters, the Decade Of Women solutions and action campaign announced their dedication to Completing the Equity Revolution. The Decade Of Women has brought forth a #WeUniteWe Pledge as part of a decade-long series of bold commitments to Celebrate, Unite and Exponentiate the progress of both women and men to complete the gender equity revolution, and realize UN Sustainable Development Goal #5 by 2030. www.DecadeOfWomen.org

For press inquiries about Decade Of Women or 5th Element Group, please contact Isabel Schaad at [email protected]

Source: 5th Element Group