Seven Nigerian Renewable Energy Start-ups Awarded Development Grants

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 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, CoFounder/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.