These are businesses at idea stage with limited structure, product, or brand. Selection will be through periodic national challenge programs and support will be provided through partner incubation hubs around Nigeria.
|Title||All On/NCIC Incubation Program|
|Objective||Incubate up to 30 energy entrepreneurs with innovative ideas and enable them to move from ideation phase to proof concept|
|Partners||World Bank, Federal Government of Nigeria, Lagos Business School, Rockefeller Foundation, Acumen Academy|
The Nigeria Climate Innovation Center (NCIC) was established by the World Bank and the Enterprise Development Centre of the Pan Atlantic University to accelerate access to energy in Nigeria, targeting the off- grid energy sector with a focus on innovation and early stage enterprises. Closing the energy access gap in Nigeria requires collaborative effort amongst various stakeholders leveraging their capabilities. The All On Hub with support from the Rockefeller Foundation is in partnership with NCIC to support 30 energy ventures to move from the ideation phase to the proof of concept phase.
Selected participants will receive training and support in a variety of areas aimed at developing their business knowledge and commercial skillset. Such aspects included strategy and planning, product development, regulatory environment, marketing, finance and fund-raising. Further, eight of the best business pitches will each be awarded a $10,000 grant to further develop their business ideas.
- Registered Business: Must be registered with the Corporate Affairs Commission
- Market Potential: Business concept that has existing instances of deployment and/or has been deployed successfully in multiple areas; as well as an identified customer base
- Climate/Social Impact: Differentiated solution providing greater access and productive uses as well as notable climate impact benefit
- Innovation or Technology Potential: Product type is innovative and differentiated from exiting products
- Qualified Management Team: Experienced team with complimentary or supplementary skill sets and/or experience to successfully develop concept; gender diversity encouraged
Deadline: 5th February, 2021
The focus is on businesses that are formally registered and have a nascent structure, product, and brand, and are piloting/ testing their product or service. Selection will be through the annual All On/ USADF Nigeria Off Grid Energy Challenge which kicks off in January each year and awards up to $100,000 per selected business in the form of $50,000 of convertible debt and $50,000 of grant capital. Additional non-financial support for selected businesses is provided directly from the All On Hub, as well as from USADF’s local implementing partner Diamond Development Initiatives (DDI)
USADF-All On Nigeria Off-grid Energy Challenge
The Nigeria Off-Grid Energy Challenge is a joint effort by the U.S. African Development Foundation (USADF) and All On to provide angel stage funding for Nigerian businesses that are developing, scaling-up or extending the use of proven technologies for off-grid energy to reach communities not served by existing power grids. Through the annual Challenge, each of the selected enterprises receive up to $50,000 in convertible debt and $50,000 in grant capital. Apart from the funding, the beneficiaries will also receive technical assistance from USADF and governance support from the All On Hub. Support for the 2021 Challenge has also been provided by the Rockefeller Foundation.
THE APPLICATION WINDOW IS OPEN FROM JANUARY 15 – FEBRUARY 28, 2021
REQUEST FOR PROPOSALS FOR THE USADF-ALL ON NIGERIA OFF-GRID ENERGY CHALLENGE:
USADF-ALL ON NIGERIA OFF-GRID ENERGY CHALLENGE PROPOSAL TEMPLATE:
The Growth Stage program by the All On Hub is aimed at established, post-pilot off-grid businesses that have customers, are generating revenue, and are ready to scale. Growth companies that are selected receive a variety of non-financial cross-functional support to address the primary issues hampering their ability to scale and connect more Nigerians to affordable, reliable, clean energy. Through our rolling application process, All On will be selecting between five and ten businesses per year. The program is designed to provide these businesses with functional support, business opportunity development support, and investor/donor engagement support.
This program by the All On Hub is aimed at established foreign off-grid energy companies entering the Nigerian market, or Nigerian companies in adjacent sectors entering the off-grid energy sector. Companies in these categories will typically be larger scale companies that need support to help them understand the Nigerian off-grid market as they enter a new geography or new business line – and may or may not need additional capital. Companies in need of capital may also be able to seek funding from All On through the standard investment appraisal process.
Our target is to support between five and ten market entry businesses annually. The businesses will be selected through a rolling application process. This program is designed to provide functional support in setting up in Nigeria or pivoting into the sector, short-term office space (specifically for the foreign companies entering Nigeria), advisory on the Nigerian off-grid energy market, business opportunity development, and investor/donor engagement.