Clean Tech Innovation and Acceleration Foundation (CTIAF), with the support of All On, is pleased to announce the 2021 edition of its annual ideation incubation program for budding renewable energy entrepreneurs.
The six-month incubation program is an enterprise development initiative where early-stage Nigerian companies with innovative green business ideas are given access to business development and mentorship support as well as an opportunity to receive a grant of $10,000 to scale their businesses.
Following a pitch challenge on July 8, 2021, that saw 25 of 175 applicants present their innovative ideas to a diverse panel of judges, 17 finalists were selected into the program.
Each entrepreneur was judged based on the market potential, social impact, innovation potential, climate impact, the strength of the management team, and the quality of the pitch.
The judging panel comprised Dr. Ivie Ehanmo, a renowned multi-jurisdictional expert in the energy sector; Aishat Alimi, Investment Associate at All On; Chukwuemeka Fred Agbata (CFA), Co-founder of GoDo Hub, Pacer VC and Founder Institute’s Regional Director for Africa; Ifedy Ralph Eze, mentor, business strategist and Managing Director at Founders institute Lagos; and Glory Oguegbu, development entrepreneur and founder of Renewable Energy Technology Training Institute (RETTI).
The six-month program kicked off on July 26, 2021. Here are the renewable energy startups that make the 2021 cohort:
- Brigter
- OGV Solar Drying Center
- Solconomy
- Rural Lights Up Energy
- Kodak Tech
- Brycoal
- Ina Lite
- Sango Technology
- Renerworld Global
- Switch Solar
- Innovation City Ventures
- Bleu Intelligence Automation
- Iergy
- REKademy
- Moon Innovations
- Cellone
- Sustainable Energy Solutions.
Sele Inegbedion, Manager, All On Hub said, “The objective of this program is to incubate energy entrepreneurs with innovative solutions for underserved communities and to enable them to move from ideation to development and ultimately implementation at scale.
We are pleased with our continued partnership with CTIAF with the common goal of improving energy access.”
Commenting on the impact of incubator, Chisom Udemezue, Enterprise Development Manager, Clean Tech Hub said, “Clean Tech Hub has continued to position itself as the leading incubator for early-stage renewable energy startups.
Through this program, supported by All On, the foremost energy impact investor, we remain committed to supporting these entrepreneurs to achieve their next scale growth and use their innovative solutions to increase energy access across rural and last-mile communities.”
About Clean Tech Innovation and Acceleration Foundation (CTIAF)
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.
About All On
All On, an 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 the country’s significant energy gap.
