Village Capital, Norad launch climatetech-focused program in Africa
TLDR
- Village Capital and Norad launch Empowering Sustainable Entrepreneurship Africa program
- Program focuses on enhancing capacity of Entrepreneur Support Organisations (ESOs) and climate-focused startups in Ghana, Kenya, Malawi, Mozambique, and Tanzania
- Initiative supports community-led ESOs and climate-focused ventures, fostering sustainable growth and addressing critical areas like blue economy, climate adaptation, food security, and renewable energy
Village Capital and Norad, the Norwegian development agency, have jointly introduced Empowering Sustainable Entrepreneurship Africa, a program focused on enhancing the capacity and impact of Entrepreneur Support Organisations (ESOs) and climate-focused startups in Ghana, Kenya, Malawi, Mozambique, and Tanzania.
The initiative adopts a dual-track approach. Firstly, it will equip community-led ESOs with the necessary technical expertise and resources to foster sustainable growth within their organizations.
Secondly, it provides direct support to climate-focused ventures in the priority countries while nurturing a long-term pipeline of high-growth, investable startups addressing critical areas such as the blue economy, climate adaptation, food security, and renewable energy.
Key Takeaways
Over 500 climate-focused startups have emerged across Africa in the last 15 years, offering innovative solutions in agriculture, clean energy, sustainable materials, e-mobility, and nature-based solutions, per a 2022 report by Briter Bridges. With a presence in Sub-Saharan Africa since 2012, Village Capital has facilitated over 14 accelerator programs and served entrepreneurs in 15 countries across the region. Meanwhile, Norad collaborates with partners globally to advance the United Nations' Sustainable Development Goals.
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