The 2021winners of the annual Nigeria Climate Innovation Center’s (NCIC) Embryo Incubation Program (EIP), sponsored by the All On Hub, were announced today after the Demo Day Pitch event. They are:Dalsman Tech, D’Suon Limited, SiriusX Energy, Think Electric, Vectar Energy, WakaGen,YOWIF and Zimaj Craft Enterprise.
Twenty clean energy start-ups, from over 400 original applications successfully completed a 6-month incubation program run by the NCIC. All On, an off-grid energy impact investment firmfunded and supported the program via its technical support facility, the Rockefeller Foundation funded All On Hub.
“The businesses have gotten more tangible over the years with more market-ready products and teams,” noted Bankole Oloruntoba, CEO of NCIC. “All this has been made possible with the All On partnership, which has been a strong backbone for NCIC’s incubation success. This year we are adding another 8 ventures to our grantees list which makes 16 early-stage ventures granted $10,000. We are pleased to support the investment pipeline currently building up in the emerging Nigeria Green Economy.”
The ventures presented their ideasduring the Pitch Day event held yesterday at the Pan Atlantic University to adiverse, experienced panel of judges.According to judge Kunle Odebunmi, CEO of AllBase Energy, “Almost all the participants had innovative solutions and ideas that would radicalise Nigeria’s green economy. I’m veryproud of what NCIC with All On’s support has achieved with the Embryo Incubation finalists. They are all winners in their right.”
The participants received training and support in a variety of areas aimed at developing their business knowledge and commercial skillset including strategy and planning, product development, regulatory environment, marketing, finance and fund-raising.
Believe Obafaiye, founder of YOWIF(Young Women in Farming) and one of the $10,000 grant winners, commended the EIP for the breadth of its support. “We look forward to achieving positive impact and our desired goals towards organizational improvement,” she added.
“This year’s cohort of entrepreneurs must be commended,” said All On Hub Manager, Sele Inegbedion. “These emerging ventures have demonstrated the commitment and enterpriseneeded to succeed over time, and scale innovations that will extend the delivery of electrification to unserved communities and ultimately, improve livelihoods and local economies.”
The members of the 2021 cohort are: Dalsman Tech, Darlton Consult, Bebeque Limited, D’Suon Limited, Artec-hubs, DiamundGates Ltd, Trekk Scooters, SiriusX Energy, Susten Solutions, Aglobe Development Center, Drift Power, ArleeGreen Renewables, Vdverts, Think Electric Africa, WakaGen, Zimaj Craft Enterprise, Iyfarm, Vectar Energy, Lanray Technical Solutions, and YOWIF.
Innovation ideas from this year’s cohort include solar-powered cookstove kiosks, cold storage facilities, e-mobility, energy efficiency technologies, biogas production and systems built on IoT technology.
About the Nigeria Climate Innovation Center
Nigeria Climate Innovation Center was created in 2018 by the World Bank and the Federal Government of Nigeria through the Office of the Vice President with the mandate to lead the growth of the Nigerian green economy in developing and deploying solutions to climate change challenges, with footprints in venture development, green investment and capacity building services to climate-smart entrepreneurs. NCIC’s primary thematic areas of engagement include renewable energy, waste management, smart agriculture and innovative water solutions.
For more information about NCIC, log on to: www.nigeriacic.org
Contact: Adamu Garba, agarba@nigeriacic.org, +234 806 667 7000
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, visit www.all-on.com
Contact: Adaobi Oniwinde, all-on-communications@all-on.com +234 706 201 6321
