Application Deadline: March 4th, 2022
The effects of climate change have birthed a consistent global drive to disrupt energy consumption from fossil and dirty fuels to renewable sources that are cleaner and more sustainable. This has triggered an ecosystem of climate-smart innovators, entrepreneurs, and green startups to develop and deploy alternative solutions aimed at closing the energy access gap in their various communities. This narrative isn’t too far off the Nigerian energy dilemma where according to a USAID report, only about 60% of the country’s population have access to electricity.
To this end, the tripartite partnership of Allon (through the Rockefeller Foundation), Enterprise Development Center (EDC) and Nigeria Climate Innovation Center (NCIC) has created an incubation program called “Embryo Incubation Program (EIP) ” which is targeted at selecting eligible early-stage businesses or startups playing in the renewable energy (RE) space in Nigeria.
The embryo incubation program is a 6-month incubation program run by the NCIC. All On, and off-grid Energy Impact Investment Firm funded and supported the program via its technical support facility, the Rockefeller Foundation funded All On Hub.
Requirements
- The program is tailored towards equipping the cohort with the requisite skills and capacity needs to impact and develop their ventures from ideation to profitable full- fledged enterprises.
- The EIP will run virtually for a period of 6 months.
- At the end of the EIP, there would be a physical demo day which includes a pitch session and a panel of judges where 8 businesses will be selected and awarded an equity free grant of $10,000 each.
Application Procedure:
For further information and clarification please send an email to info@nigeriacic.org
Applications will close on March 4, 2022. You will be contacted immediately upon successful application.
For More Information:
Visit the Official Webpage of the NCIC 2022 Embryo Incubation Program