Renewable energy: start-ups receive $80,000 funding


All On through its venture-building platform, the All On Hub, in partnership with the Nigeria Climate Innovation Centre (NCIC), has announced the winners of the 2022 edition of the Annual Incubation program for early-stage renewable energy entrepreneurs.

They are: Retile, Let It Cold, Energy Assured, Nutrideen Agriculture Concepts, Danwawo Group, Swift Tranzact, Solaris Greentech Hub and Powerbox Energy Systems.

The incubation programme, which started training new cohorts last May, aims at contributing to the reduction of Nigeria’s energy-access gap by building a pipeline of early-stage renewable energy enterprises with the potential to scale. This year, the programme received 290 applications from which 18 ventures were shortlisted and completed the 6-month incubation program conducted by the NCIC.

In her address, All On CEO Caroline Eboumbou congratulated the participants and commended them for their dedication to supporting the clean energy transition with their bold ideas.

She said: “the shared vision of All On and NCIC has been to groom early-stage clean energy entrepreneurs, providing them with the key ingredients to enable their dreams of impacting unserved communities a reality”. She charged the entrepreneurs not to relent and reaffirmed All On’s commitment to their continued development in the future.

The CEO of NCIC Mr. Bankole Oloruntoba reiterated the organization’s commitment to the growth of renewable energy start-ups in Nigeria. He reflected on the journey of the EIP noting that over 50 ideation-stage businesses had gone through the program.

He thanked All On for its partnership which over the last three years had provided funding and capacity-building support to the renewable energy start-ups. Bankole charged the entrepreneurs to remain focused and maximize the resources available to them through the NCIC network to accelerate the growth of their businesses, drawing inspiration from notable alumni from the previous cohorts.

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