The CIC will offer mentorship and financing to Ethiopian innovators looking to develop and commercialize climate-friendly technologies. It aims to support up to 20 companies in its first year, and more than 200 over the next 10 years, leading to up to 12,000 direct and indirect jobs.
In anticipation of the launch, the CIC is currently running a Proof of Concept competition. The competition is designed to build a pipeline of entrepreneurs and startup businesses that will be supported by the center once it becomes operational.
The CIC will work closely with the Ethiopian government to support the latter’s Climate Resilient Green Economy (CRGE) strategy.
The center is supported by the government of Norway, UKaid, and the World Bank. It will be established through a consortium led by the Horn of Africa Regional Environment Center (HoAREC), a regional institution hosted by Addis Ababa University (AAU), Meta Meta, Climate Science Center, and Maxwell Stamp.
The Ethiopia CIC is part of infoDev’s Climate Technology Program, which is establishing a network of CICs to help developing countries access clean technology opportunities, create jobs, and reduce emissions.
The first CIC launched in Kenya in September 2012, and has already supported over 70 local clean technology ventures. Other CICs are being established in Vietnam, the Caribbean, India, Morocco, South Africa, and Ghana.