Note: To respond to this request, please obtain an application online at www.ethiopiainvestor.com or in person at Precise Consult International; Edna Mall 3rd Floor 309, Addis Ababa, Ethiopia.
The World Bank’s infoDev Climate Technology Program is establishing a network of Climate Innovation Centers (CIC) in selected countries to accelerate the development, deployment, and transfer of locally relevant climate and clean energy technologies. Each Center will provide early stage financing and other services to enable local enterprises to proactively and profitably develop innovative climate technology solutions that meet local needs. With support from the United Kingdom’s UKaid and The Norwegian Ministry for Foreign Affairs, and in partnership with the Government of Ethiopia’s Climate Resilient Green Economy (CRGE) Facility infoDev is now launching a Climate Innovation Center (CIC) in Ethiopia, planned to open mid 2013.
The Ethiopia CIC will provide a holistic set of early-stage financing, business support and capacity building services to the Ethiopian private sector, working to develop, launch and grow innovative climate technology ventures that promote Ethiopia’s Climate Resilience and Green Economy.
Proof of Concept Funding Competition
The infoDev Climate Technology Program is now seeking proposals for a Proof of Concept funding competition from Ethiopia’s private sector. This competition awards successful applicants the chance to be the first set of ventures to receive funding and entry to full access of the CIC services after its official launch mid 2013. The Proof of Concept competition will provide up to ETB 1,000,000 determined at the time of entrance to the CIC Program.
Successful candidates will benefit from:
- Funding up to ETB 1,000,000 to develop, launch and/or scale a product or service
- Showcasing at the official Ethiopia CIC Launch and related media events
- Preferred entrance into the Climate Innovation Center program and access to a full range of advisory, partnership and support services and follow-on funding
The competition is targeting entrepreneurs, researchers, startups and existing companies in Ethiopia that are developing an innovative new product or business models within the clean technology space.
Funding can be used to finance product development, prototyping, marketing, staff and other launch costs. Eligible sectors include:
- sustainable agribusiness
- bio-fuels and bio-mass
- transportation technologies
- energy efficiency
- other clean tech or clean tech support businesses
Women owned businesses and companies that promote women-led innovation or job creation are strongly encouraged to apply.
To respond to this request, please obtain an application online at www.ethiopiainvestor.com or in person at Precise Consult International; Edna Mall 3rd Floor 309, Addis Ababa, Ethiopia.
A public information session will be held on Wednesday, March 27 in Addis Ababa to provide information and answer questions. Please register to attend this session by Friday, March 22 by email at firstname.lastname@example.org or phone at +251 116 63 10 80 or +251 912 62 66 37. Specific Location and time will be communicated to registered participants.
Applications should be submitted no later than Friday April 5, 2013 5:00 PM Local Time by email to email@example.com or by mail to Precise Consult International PLC, Edna Mall Building, 3rdFloor Suite 309, Addis Ababa, Ethiopia.
For more information, please contact Precise Consult International PLC at +251 116 63 10 80 or +251 912 62 66 37 or email at firstname.lastname@example.org