World Bank-supported Climate Innovation Center launches program to promote crowdfunding campaigns for Kenyan entrepreneurs

World Bank-supported Climate Innovation Center launches program to promote crowdfunding campaigns for Kenyan entrepreneurs

[MEDIA INVITATION] On August 28, 2014 the Kenya Climate Innovation Center (KCIC) — an initiative of the World Bank and its global entrepreneurship program infoDev —invites you to a pitch competition and award ceremony for clean technology entrepreneurs who will participate in the first-ever support program for crowdfunding in East Africa.

 

Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people through an online platform. It has the potential to connect local cleantech ventures with more than 340 million households in the developing world able to make investments in community businesses. The latest World Bank/infoDev study - Crowdfunding's Potential for the Developing World - estimates that together these households will have the ability to deploy up to US$96 billion a year by 2025.

To help Kenyan entrepreneurs tap this emerging market, the KCIC and its partner Crowdfund Capital Advisors (CCA) will conduct two days of hands-on training on the current status of crowdfunding and crowdfunding campaigns in Kenya and the world. The training will be concluded by a pitch competition in which 20 companies supported by the Kenya CIC will participate. The winners of the contest will receive support and mentorship to launch and run their own crowdfunding campaigns.

Media are invited to pitch competition and the subsequent award ceremony on Thursday August 28, 2014.

To attend please RSVP to info@kenyacic.org or +254 703 034 701          

  • WHAT: Kenya Climate Innovation Center Crowdfunding Workshop
    • 9:00-12:00: 15 minute presentations by the Top 20 KCIC teams
    • 14:00-14:30: Announcement of winning teams
  • WHEN: Thursday, August 28, 2014 from 9:00 am to 2: 30 pm
  • WHO: Crowdfund Capital Advisors, Kenya Climate Innovation Center, and 20 of Kenya’s most innovative clean-tech companies
  • WHERE: Strathmore Business School, Ole Sangale Road Madaraka, Nairobi, Kenya

For media requests, please contact:

Kenya CIC, Nairobi, Kenya

World Bank, Nairobi, Kenya

Mary Njoroge, Program Officer

Peter Warutere, Sr. Communications Officer

Tel: +254 20 2936487

Email: mnjoroge@worldbank.org

Tel: +254.20.293.6444

Email: pwarutere@worldbank.org

   

 

The KCIC is part of infoDev’s Climate Technology Program (CTP), which is currently implementing a global network of innovation centers across seven other countries. The KCIC is supported by the government of Denmark, UKAid and the World Bank.

www.infodev.org/climate             http://www.worldbank.org/en/country/kenya


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