- The Center is a launch pad for clean and green technology companies in the country
- It has about $1 million pledged to 31 companies, with a total of 61 active clients
- The Center will expand its strategy to build an ecosystem that will grow Ethiopia’s green market
The Ethiopia Climate Innovation Center was founded in March 2014 to provide incubation services to small and medium-sized businesses that focus on creating innovative solutions to climate change challenges in Ethiopia. The Center is a launch pad for clean and green technology companies in the country.
Two years after its launch, the Center has about $1 million pledged to 31 companies, with a total of 61 active clients. These companies are directly and indirectly responsible for having created 958 jobs, and have mitigated an estimated equivalent of 61,485 metric tons of carbon dioxide.
As the Ethiopia Climate Innovation Center continues to promote a robust private sector and gear up Ethiopia’s fight against climate change, it will improve its strategic approach in 2017. The Center will expand its strategy and scope of work, from incubating and accelerating enterprises to also building a supportive ecosystem that will grow Ethiopia’s green market. This means connecting commercial-stage firms with capital, continuing support after investments, and champion policies that grow the overall market.
The Ethiopia Climate Innovation Center (ECIC) was initiated by World Bank – infoDev in 2014 with the support of the governments of Norway and the United Kingdom.
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