- The Center provides incubation services to enterprises that focus on solutions to climate change
- It has supported 136 companies, created 1,442 jobs, and incubated 80 start-ups
- It was started with support from the governments of Denmark and the United Kingdom
The Kenya Climate Innovation Center was founded in 2012 to provide incubation services to small and medium enterprises that focus on creating innovative solutions to climate change challenges in Kenya. With the goal of providing an integrated suite of business services and programs, the Center was to help launch new — as well as grow existing — clean and green technology companies in Kenya.
Four years after the Kenya Climate Innovation Center was launched, an evaluation of the Center found that it has supported 136 companies, created 1,442 jobs, and supported 80 start-up businesses from initial idea to actual business. The original target was to support 80 companies, create 900 jobs, and support 36 start-ups. The Center also leveraged $ 11,038,686 million from other funding sources towards the support of these enterprises. The center continues the important work of creating a robust private sector while gearing up Kenya’s fight against climate change.
The Kenya Climate Innovation Center (KCIC) was initiated by World Bank – infoDev in 2012 with the support of the Danish International Development Agency (DANIDA) and the United Kingdom’s Department for International Development (DFID).
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- The Kenya Climate Ventures identifies partners for co-investment in clean and green innovations
- The fund offers investments between $100,000 to $500,000 to high-potential, green companies
The World Bank Group’s infoDev program is building out the Kenya Climate Ventures (KCV), an early stage investment company set up by the KCIC to invest in start-up and early stage climate-technology firms in Kenya that have high growth-potential. KCV provides patient risk capital coupled with high-touch management assistance to the companies it invests in, enabling them to scale. Investments range between $100,000 to $500,000. Focusing on early stage firms that are considered too risky by later stage investors, KCV complements Kenya’s venture finance eco-system. infoDev’s support is helping KCV establish a strong base of operations and initial investments, with a goal to “crowd-in” investors and strategic funders to accelerate its long-term objectives and scaling.
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- The Pilot seeks to adapt successful business models for export to other markets
- The "diffusion" can be in the form of franchising, licensing, joint ventures etc.
- 3 business models and local parties in the "export" market will participate in the pilot study
- The pilot will lead to a methodology, which can ramp up the export of green business models
The pilot seeks to adapt successful business models — which have passed the proof of concept, trial and error stages, and have successfully been implemented in one market — and export them to other markets. Business models and innovation that are commercially viable in one market are “de-risked.” The main objective of the pilot is to facilitate international business model replication and adaptation.
The project has identified three business models and the parties to participate in the diffusion pilots and is focusing on Kenya and South Africa. The adoption of business models by local enterprises could, for instance, be in the form of franchising/contracting, licensing, joint ventures, partnerships, etc. The Kenya Business Model Diffusion Pilot works with an implementing consortium made up of Enclude, Growth Africa, and Fetola, and South African partner GreenCape. The consortium is also forging partnerships between European and African businesses.