Shell Awards Seven Nigerian Renewable Energy Start-Ups $10,000
By Ikenna Omeje
Shell Nigeria, through its funded impact investing firm –All On — has awarded seven Nigerian renewable energy start-ups $10,000 each for demonstrating excellence in innovation, at the end of the Clean Technology Incubation and Acceleration Foundation (CTIAF) incubation program sponsored by All On.
According to a release by All On, “These seven companies (Jambekcom, Txone, AlterBio Renewables, RenewCykle, Fli-tech, Hacer Hub, and Greenera Technologies) represent start-up businesses from around the country, whose innovative products span a variety of renewable energy services from mobile solar-powered charging systems, battery operated solar generators, waste to gas technologies and a patented solar inverter system to name a few.”
The release stated that the training program, run in partnership with Clintonel Centre (Aba) and Start Innovation Hub (Uyo), sought to identify promising off grid energy start-ups in other emerging centres of technology innovation in Nigeria, noting that the program has helped the entrepreneurs to upskill significantly and the grant winners are expected to use the $10,000 to refine their product concepts, build out prototypes, recruit staff and pilot solutions.
“We are particularly proud of our continued collaboration with All On, this time in supporting the upscaling of young, Nigerian entrepreneurs who are the future of the sector,” said the Co-Founder/Executive Director, CTIAF, Ify Malo.
The final seven were selected from the 13 businesses that went through the entire incubation process selected from the 107 businesses that applied in May 2020, and were taken through a variety of courses aimed at developing their knowledge and skillsets in the areas of strategy and planning, product development, regulatory environment, finance and capital raising. The objective of the CTIAF program is to incubate energy entrepreneurs with innovative ideas and enable them to move from ideation phase to concept phase.
Also speaking, the All On Hub Manager, Sele Inegbedion said: “It’s been exciting to be part of this process and particularly to see that over half of the participants included in the incubation program were women-led ventures.”
“This is a deliberate part of All On’s strategy to ensure gender inclusiveness in the growing Nigerian renewable energy sector.”
The All On Hub, which is funded and supported by The Rockefeller Foundation, oversaw the coordination of the training events, which were offered virtually during the Covid-19 pandemic.
“We are proud to again see the All On Hub’s success in identifying, developing and championing innovative sustainable off-grid energy businesses in Nigeria,” said the Director of The Rockefeller Foundation’s Power & Climate initiative, Caroline Eboumbou.
“The seven companies receiving the grant are all examples of excellence in their field. These are the kinds of innovators that will change the trajectory of energy access for underserved and energy poor communities in Nigeria – and I for one am excited to see how they will develop as they move forward and bring their visions to life.”