The CIC will target high-potential green tech firms at the early-growth stage, where promising innovation often languishes due to a lack of funding and institutional support.
To empower such firms, the CIC will deploy a comprehensive suite of support services in the areas of access to finance, business mentoring, access to market and tech data, regional network building, and policy support.
Preliminary research suggests that the CIC—which is expected to replenish 100% of investment costs after seven years—will have remarkable long-term environmental, financial, and social impacts for the people of Ethiopia.
For example, it is estimated that the center will mitigate up to 0.8 million tons of CO2 emissions and provide up to 340 million metric tons of clean water to over 420,000 Ethiopians. At the same time, it has the potential to generate up to 12,000 jobs over ten years, including 2,000 jobs for women and youth in the first five years.
For more information, check the Resources section.