Four start-ups win $40,000 in All On’s clean energy challenge

Four start-ups win $40,000 in All On’s clean energy challenge

The winners of the Clean Energy Innovation Challenge have been selected. The Challenge, which had the aim of unearthing and supporting renewable energy innovators in Nigeria, awarded startup capital of $10,000 (N3.6m) to four early stage energy companies, namely Aspire, Hydrolite, Hydrotriciton and ZeroElectric.

Beside, the startup capital, these companies and the five other finalists will receive top class incubation support from Co Creation Hub to take their ideation phase businesses to the next level. The Clean Energy Innovation Challenge was organised by off grid energy impact investment company, All On in partnership with Co-Creation Hub, to further All On’s mandate of supporting innovative models to improve energy access to unserved and underserved segments of the Nigerian population.

All On CEO Dr. Wiebe Boer remarked “The quality of applications received and the winners selected for the Clean Energy Innovation Challenge are a demonstration of the potential that exists in the renewable energy sector in Nigeria. With our startup capital and Co Creation Hub’s incubation expertise, we are hopeful that these companies will mature to become sustainable businesses, employers of labor and on track for exponential growth to address the access to energy challenges that exist in the country.”

Source: Independent

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