Seven Nigerian Renewable Energy Start-Ups Awarded $10,000 Development Grant
Nov 23, 2020
Lagos - Seven renewable energy start-ups who have all demonstrated excellence in innovation will each be awarded $10,000 at the end of the Clean Technology Incubation and Acceleration Foundation (CTIAF) incubation program sponsored by Shell-funded impact investing firm, All On.
These seven companies (Jambekcom, Txone, AlterBio Renewables, RenewCykle, Fli-tech, Hacer Hub, and Greenera Technologies) represent start-up businesses from around the country, whose innovative products span a variety of renewable energy services from mobile solar-powered charging systems, battery operated solar generators, waste to gas technologies and a patented solar inverter system to name a few.
The training program, run in partnership with Clintonel Centre (Aba) and Start Innovation Hub (Uyo), sought to identify promising off grid energy start-ups in other emerging centres of technology innovation in Nigeria. The program has helped the entrepreneurs to upskill significantly and the grant winners are expected to use the $10,000 to refine their product concepts, build out prototypes, recruit staff and pilot solutions.
“We are particularly proud of our continued collaboration with All On, this time in supporting the upscaling of young, Nigerian entrepreneurs who are the future of the sector,” said Ify Malo, Co-Founder/Executive Director, CTIAF.
The final seven were selected from the 13 businesses that went through the entire incubation process selected from the 107 businesses that applied in May 2020, and were taken through a variety of courses aimed at developing their knowledge and skillsets in the areas of strategy and planning, product development, regulatory environment, finance and capital raising. The objective of the CTIAF program is to incubate energy entrepreneurs with innovative ideas and enable them to move from ideation phase to concept phase.
“It’s been exciting to be part of this process and particularly to see that over half of the participants included in the incubation program were women-led ventures,” said Sele Inegbedion, All On Hub Manager. “This is a deliberate part of All On’s strategy to ensure gender inclusiveness in the growing Nigerian renewable energy sector.”
The All On Hub, which is funded and supported by The Rockefeller Foundation, oversaw the coordination of the training events, which were offered virtually during the Covid-19 pandemic.
“We are proud to again see the All On Hub’s success in identifying, developing and championing innovative sustainable off-grid energy businesses in Nigeria,” said Caroline Eboumbou , Director of The Rockefeller Foundation’s Power & Climate initiative. “The seven companies receiving the grant are all examples of excellence in their field. These are the kinds of innovators that will change the trajectory of energy access for underserved and energy poor communities in Nigeria – and I for one am excited to see how they will develop as they move forward and bring their visions to life.”
About Clean Technology Incubation and Acceleration Foundation
Clean Tech Incubation and Acceleration Foundation is a pioneering hybrid hub for the research, development, demonstration and incubation of clean and green ideas and technologies in Africa, and their validation for commercial stage development. It is also an early start-up incubator for inventions and innovations in clean energy, a consultancy for sustainability and energy efficiency solutions, and a driver of clean energy and climate smart investments into Africa.
For more information visit www.cleantechnologyhub.org
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About All On
All On, an independent impact investing company, was seeded with funding from Shell, and works with partners to increase access to commercial energy products and services for unserved and underserved off-grid energy markets in Nigeria, with a special focus on the Niger Delta. All On invests in off-grid energy solutions spanning solar, wind, hydro, biomass and gas technologies deployed by both foreign and local access-to-energy companies that complement available grid power across Nigeria and help bridge its significant energy gap. The All On Hub is funded and supported by the Rockefeller Foundation. To learn more, please visit www.all-on.com
Contact: Adaobi Oniwinde, firstname.lastname@example.org, +234 706 201 6321
About The Rockefeller Foundation
The Rockefeller Foundation advances new frontiers of science, data and innovation to solve global challenges related to health, food, power and economic mobility. As a science-driven philanthropy focused on building collaborative relationships with partners and grantees, the Foundation seeks to inspire and foster large-scale human impact that promotes the well-being of humanity throughout the world by identifying and accelerating breakthrough solutions, ideas and conversations.
For more information, visit rockefellerfoundation.org
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