All On partners NCIC in funding 15 clean technology businesses

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The Nigeria Climate Innovation Center (NCIC) has announced a grant funding partnership with All On to support the 2018-2019 Climate Launchpad winning teams’incubation; the NCIC’s inaugural incubation program.  

The Nigeria edition of the World Bank’s Climate Launchpad (CLP) Global Idea Challenge Competition selected 15 clean technology businesses to be incubated by the NCIC after a nationwide application and rigorous selection process.

NCIC is set up by the World Bank Group as part of a global network of Climate Innovation Centers located in Asia, Africa, and the Caribbean. It is hosted in the Pan-Atlantic University’s Enterprise Development Centre (EDC) in Ajah, Lagos and established through a partnership between the World Bank and the Federal Government of Nigeria, the NCIC seeks to accelerate access to energy in Nigeria by supporting and accelerating innovations and early stage enterprises. 

Through the CLP, the NCIC has identified¬†15¬†early stage¬†Nigerian¬†companies with innovative ‚Äėgreen‚Äô business¬†ideas and¬†is providing incubation support to¬†ensure they move from the ideation and¬†proof of concept phases to market entry and venture scaling phases.¬†The funding¬†from All On¬†will be used¬†to¬†support the¬†incubation of these¬†15¬†selected clean tech¬†businesses. Some of the¬†companiesbeing incubated¬†include¬†Ubabio¬†Energy,¬†Energijaand¬†Eco-LiFe¬†Now.

‚ÄúIt‚Äôs a great pleasure to partner with All¬†On¬†to¬†kickoff the NCIC‚Äôs¬†incubation¬†programme,‚ÄĚ says¬†Bankole Oloruntoba,¬†the¬†inaugural¬†CEO of the NCIC.¬†‚ÄúThis is the first of many partnerships that will help¬†in creating¬†a pipeline of viable,¬†clean energy innovation driven ventures and expand¬†the viability of the Nigerian green economy.‚ÄĚ

According to Dr. Wiebe Boer, the CEO of All On; an off-grid energy impact investment company backed by Shell, “We are proud to be partnering with the NCIC on the maiden edition of the CLIMATE LAUNCHPAD (CLP) in Nigeria. This partnership will enable All On to identify, accelerate, and scale new indigenous clean energy innovations in the country.’’

Tosin¬†Jolaoye, Co-Founder¬†of¬†Eco-Life Now, one of the businesses from the Climate Launchpad competition acknowledged this partnership stating that ‚Äúthe efforts of All¬†On¬†and NCIC in creating a sustainable energy solution¬†through¬†building¬†viable¬†small businesses in Nigeria¬†has¬†come at¬†the righttime¬†and will lead to positive impacts in Nigeria‚Äôs alternative energy and power sector‚ÄĚ.

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