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.
In Brief Number 4
Adapting Global Entrepreneurship Acceleration Models to Clean Tech in Developing Countries
In Ghana, the World Bank Group is showing that a business development model that grew out of Silicon Valley can be applied to clean technology business incubation in developing countries. A business “accelerator” exercise brought together a cohort of seven competitively selected firms as part of the new Ghana Climate Innovation Center. Lessons learned from this project are being applied across the World Bank’s network of seven Climate Innovation Centers and can provide guidance to any effort supporting innovation of new commercial solutions and businesses that address climate challenges in developing countries.
In Brief Number 5
Bringing Climate Opportunities to Entrepreneurs: Lessons Learned from the Caribbean Climate Innovation Center
The Caribbean Climate Innovation Center was launched in January 2014 to help local companies build their businesses in climate-related sectors. In a region with great vulnerability to climate change—and very high energy costs—new clean technologies hold tremendous promise. This In Brief draws lessons from the center’s operation, focusing on how the idea generation sessions were essential to seed local companies with climate related business opportunities and introduce new ideas to local climate markets.
In Brief Number 6
Creating a Hub, Creating a Buzz: How to Attract the Best and Brightest for Climate Innovation in Developing Countries
As activity ramps up in climate innovation for developing countries, organizations are finding that attracting quality talent and companies to such efforts is both a key success factor and one of the most intractable challenges in nascent clean tech sectors. Boosting the profile of an organization that supports climate innovation greatly helps draw the diverse sources of expertise needed to enable bottom-up climate solutions. This brief examines lessons from the World Bank’s seven Climate Innovation Centers on setting up buzzworthy hubs to attract top talent and companies in emerging clean tech markets.