Timbuktoo’s Greentech Hub has issued a callout for African entrepreneurs with a business solution or innovation to transform green and climate sector in Africa.
Under the flagship of the Timbuktoo Greentech hub, the Energy Accelerator Programme will focus on renewable energy technologies that can provide sustainable, accessible, and decentralized solutions, reducing dependence on fossil fuels and improving energy security for communities across Africa.
Timbuktoo, which has pledged to invest $1 billion in African startups aims to foster startups developing groundbreaking solutions in renewable energy generation, storage, access, energy efficiency tailored to African needs to address Africa’s pressing challenges and build a more sustainable and prosperous future.
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Growth-stage startups with an emphasis in the following areas are strongly encouraged to apply:
- Energy Access Technology: Innovations that expand access to reliable and affordable energy.
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Digitalisation: Leveraging digital technologies, Distributed Ledger Technology (DLT), and the Internet of Things (IoT) to optimize energy production, distribution, and consumption.
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Energy Efficiency Technology: Technologies that improve energy usage efficiency in various sectors.
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Low Carbon & Capture Technology: Innovations that reduce carbon emissions and enhance carbon capture.
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Innovative Business Models: New business approaches that drive the adoption of clean energy solutions.
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Smart Grid: Solutions that enhance grid management, stability, and integration of renewable energy sources.
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Energy Storage: Technologies that improve the storage and distribution of energy, particularly from intermittent renewable sources.
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Clean/Renewable Energy: Advancements in the generation of clean and renewable energy.
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Sustainable Mobility: Innovations in transportation that reduce carbon emissions and promote sustainability.
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Energy Management: Tools and systems that enhance the management of energy resources, improving efficiency and sustainability.
Your startup should demonstrate a clear and sustainable growth strategy, showcasing a path to long-term financial viability.
The applications are limited to startups that have a technology-enabled solution, and are required to align with and contribute towards one or more of the United Nations Sustainable Development Goals (UN SDGs).
Moreover, the applicants are required to demonstrate a highly-scalable, defensible solution.
Eligibility
Ground-breaking founders and innovators across Africa who are already building startups that meet the following criteria are encouraged to apply:
- Startups with founders who are nationals of an African Country
- Startups must be legally registered and operating within Africa
- Startups must have been in operation for a minimum of three years
- Startups must address development challenges
- Must be a technology-enabled solution
- Startups must have a Minimum Viable Solution (MVS) (regulated and licensed if necessary)
- Startups should have existing corporate governance systems and accountability
The application is also limited to citizens of the African Union Member States.
The most viable and high impact startups selected from the programme will receive long-term wrap around support for a period of 6 months. The acceleration programme experience will be tailored to include needs-based technical assistance, coaching, product refinement, and scaling support will be provided to startups.
Additionally, partnerships will be facilitated to spur product iterations, market access, and capital raising for the startups.
Click here to apply for the program,
NB: Applications open from September 24 2024 with the deadline on 20th October 20 2024 midnight EAT.
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