Eight sustainable energy start-ups in Nigeria have received $80,000 in support grants from All On, an investment company financed by Shell, to assist them scale their operations and close the energy access gap in the nation’s underserved and unserved rural communities.
Each of the eight start-ups who won the yearly incubation program for early-stage renewable energy entrepreneurs in 2022 received a $10,000 grant from the company through its venture-building platform, the All On Hub, in collaboration with the Nigeria Climate Innovation Centre (NCIC).
The companies included Retile, Let It Cold, Energy Assured, Nutrideen Agriculture Concepts, Danwawo Group, Swift Tranzact, Solaris Greentech Hub,and Powerbox Energy Systems.
At the Demo Day hosted in Lagos, the start-ups pitched their business plans to a seasoned, varied panel of judges for a chance to win $10,000 grant award funding.
According to All On, the incubation programme which started training new cohorts in May 2022, aimed to contribute to the reduction of Nigeria’s energy-access gap by building a pipeline of early-stage renewable energy enterprises with the potential to scale.
It said that this year, the programme witnessed 290 applications from which 18 ventures were shortlisted and completed the 6-month incubation programme conducted by the NCIC.
In her address, All On Chief Executive Officer, Ms Caroline Eboumbou, congratulated the participants and commended them for their dedication to supporting the clean energy transition with their bold ideas.
