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RES4Africa Foundation has launched the RAISEAfrica - Renewables Accelerators for Innovative Startups and Entrepreneurs in Africa.
They have collaborated with Enel Green Power (EGP), Energias De Portugal (EDP), the Council for Scientific and Industrial Research (CSIR) and South African Institute of Chartered Accounts Enterprise Development (SAICA ED) on the project,
The initiative includes pre-acceleration and acceleration programmes, specifically designed for Africas renewable energy sector. It is meant to empower young talents, innovators and entrepreneurs to contribute to a sustainable future for Africa.
It is supposed to support and scale up renewable energy-focused projects within the African startup ecosystem by providing opportunities and a platform for young innovators to voice their ideas. The focus areas include but are not limited to Productive Uses of Energy, Water-Energy-Food Nexus, Circular Economy, Manufacturing and Digitalisation.
The Pre-Accel era tor is designed for aspiring entrepreneurs in the early stages of developing a business idea. The Accelerator on the other hand targets entrepreneurs who need market validation and business expansion. Young innovators are invited to submit their concrete and creative ideas, drawing from existing experiences or ongoing projects.
RAISEAfrica will choose a minimum of three businesses to receive awards in the form of services, encompassing mentoring & coaching, networking, visibility, ftindraising and various other activities.
To be considered for the pre-accelerator and accelerator programmes, applicants must meet the following benchmarks:
Pre-Accelerator:
• Entrepreneurs aged between 18 and 35;
• Startups not registered can apply;
• Solution addressing the African market;
• Ownership: The entrepreneur must have African country citizenship or the startup must be registered in Africa;
• Operation in the renewable energy sector.
Accelerator:
• Entrepreneurs aged between 18 and 35;
• Solution addressing the African market;
• Ownership: Either the entrepreneur must possess African country citizenship or the startup must be registered in Africa;
• Product/service at least at the MVP (minimum viable product) stage;
• Operation in the renewable energy sector. |
