In Brief Number 1
Crowdfunding for Green Businesses: Lessons from East African Startups
Crowdfunding offers a new alternative to address the financing needs of capital-intensive clean technology businesses in developing countries. To better understand crowdfunding’s potential and limitations, the World Bank Group’s Climate Technology Program interviewed a number of East African entrepreneurs who were early adopters of this new fundraising mechanism. From their successes and failures, key lessons were drawn for entrepreneurs, investors, and regulators.
In Brief Number 2
The Kenya Climate Innovation Center: How it Operates and Lessons for Clean Technology Incubation
The Kenya Climate Innovation Center (KCIC) is a clean technology business incubation center established by the World Bank Group’s Climate Technology Program to support Kenya’s green enterprises. Launched in 2012, the KCIC was the first ever climate innovation center (CIC) to be established under the program. This brief shares the KCIC’s operating model as it has evolved after four years of operations and reflects on the lessons for similar clean technology incubation centers that can be drawn from the KCIC experience.
In Brief Number 3
Connecting Green Technology Entrepreneurs: Implications for Public Program Design
What is the role that connections can play in helping green entrepreneurs innovate and scale in developing countries? Based on a review of recent literature and 14 case studies of different programs, public programs should: (i) place the entrepreneur at the center of the innovation process; (ii) seek to cement peer-to-peer connections at the local level (e.g. by setting up networks of entrepreneurs); and (iii) help entrepreneurs to connect to supra-national networks and technology brokering platforms at the global level.