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Launch of a US $ 1.2 million innovation fund to explore emerging technologies

Launch of a US $ 1.2 million innovation fund to explore emerging technologiesThe African Enterprise Challenge Fund (AECF) (www.AECFafrica.org) today launched a US $ 1.2 million innovation fund to unlock the potential of renewable energy and create new business opportunities. Businesses and entrepreneurs in Burkina Faso, Ethiopia, Kenya, Liberia, Mali, Mozambique and Zimbabwe can apply for funding. The fund aims to strengthen market readiness for emerging innovations, as well as provide financial, technical and networking support to evolve existing prototypes that have proven their worth. Solutions that reduce the negative impacts associated with the use of traditional cooking options at household and institutional levels, build resilience to climate change among communities, and support productive uses such as water pumping services, food processing, cooling and refrigeration are examples that the Fund seeks to support. By applying, companies and entrepreneurs will need to demonstrate how the proposed innovations will transform the livelihoods of low-income households through job creation and livelihood diversification. As part of […]

Launch of a US $ 1.2 million innovation fund to explore emerging technologies - NNN.

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